TORONTO, Aug. 14, 2015 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced today that it is changing its corporate name to Pacific Exploration and Production Corporation. The name change reflects the Company's broader focus in Latin America as the Company's production base continues to be diversified away from the Rubiales Field. The new name emphasizes the Company's strategy which is focused on [...]
TORONTO, Aug. 13, 2015 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced today the release of its unaudited consolidated financial results for the quarter ended June 30, 2015, together with its Management Discussion and Analysis ("MD&A"). These documents will be posted on the Company's website at www.pacificrubiales.com, SEDAR at www.sedar.com, and the SIMEV website at [...]
TORONTO, July 20, 2015 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today announced that its second quarter 2015 results will be released before market open on Thursday, August 13, 2015 followed by a conference call and webcast for investors and analysts at 8:00 a.m. (Bogotá time) and 9:00 a.m. (Toronto time). Participants will include Ronald Pantin, Chief Executive Officer, José Francisco [...]
TORONTO, July 15, 2015 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today provided an operational update for its second quarter 2015 operating results, which includes estimates of production and sales volumes, price realizations, and operating netbacks, summarized as follows: 2Q 2015 (Estimate) 1Q 2015 (Actual) 4Q 2014 (Actual) 3Q 2014 (Actual) 2Q 2014 (Actual) ...
ALFA and Harbour Energ today commented on the announcement by Pacific Rubiales Energy that the Arrangement Agreement dated May 20, 2015 entered into by, inter alia, ALFA, Harbour Energy and the Company has been terminated. Consequently, their offer to acquire all of the outstanding shares of the Company (other than the ones held by Alfa), has ceased to remain in effect. "The early proxy returns suggested that a [...]
Pacific Rubiales Energy today announced that, at the request of ALFA and Harbour Energy, it has agreed with Harbour Energy, L.P., Harbour Energy, ALFA and 1035815 B.C. Ltd. (the "Purchaser") to terminate the arrangement agreement (the "Arrangement Agreement") entered into between such parties on May 20, 2015. The Arrangement Agreement contemplated a plan of arrangement (the "Arrangement") pursuant to which the Purchaser [...]
Pacific Rubiales Energy today announced that, at the request of 1035815 B.C. Ltd., it has postponed its upcoming special meeting of shareholders called to consider and, if deemed advisable, to pass a special resolution approving the arrangement under the Business Corporations Act (British Columbia) involving the Company, Harbour Energy, Harbour Energy Ltd., ALFA and the Purchaser pursuant to which the Purchaser will [...]
Pacific Rubiales Energy today issued a letter to shareholders outlining the benefits of ALFA and Harbour Energy, Harbour Energy and 1035815 B.C. Ltd.'s 81% premium all-cash offer in which the Purchaser would acquire all of the outstanding shares of Pacific Rubiales not already owned by ALFA for cash consideration of C$6.50 per share. In the letter, Pacific Rubiales highlights that the C$6.50 value is at the high end of [...]
Pacific Rubiales today announced that, after receiving approval from the Independent Committee of the Board of Directors, the Company is filing an application before the Supreme Court of British Columbia in connection with the proposed arrangement involving the Company, ALFA, Harbour Energy, Harbour Energy and 1035815 B.C. Ltd., pursuant to which the Purchaser would acquire all of the outstanding common shares of the [...]
TORONTO, June 11, 2015 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today announced that it has obtained the requisite consents from lenders to the proposed amendments (the "Amendments") to the credit agreements (the "Credit Agreements") relating to its senior credit facilities to permit a change of control pursuant to the Arrangement (as defined below) and to amend the debt/EBITDA covenant ratio to a net [...]
TORONTO, June 10, 2015 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today announced it has filed on SEDAR (www.sedar.com) its Management Information Circular (the "Circular") prepared in connection with the special meeting (the "Meeting") of shareholders called to consider and, if deemed advisable, to pass a special resolution approving the arrangement (the "Arrangement") whereby a company owned by [...]
TORONTO, June 5, 2015 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today announced that it has obtained an interim order of the Supreme Court of British Columbia providing for the holding of a special meeting of the holders of common shares of the Company to approve the previously announced arrangement under the Business Corporations Act (British Columbia) involving the Company, Harbour Energy, L.P [...]