TORONTO, Feb. 11, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX:PRE) (BVC:PREC) (BOVESPA:PREB) announced today that it has established a pre-defined automatic securities purchase plan (the "Plan") with its designated broker to facilitate the repurchase of its common shares under the previously announced normal course issuer bid (the "Bid"). The Plan has been reviewed by the Toronto Stock Exchange (the "TSX") and will be [...]
TORONTO, Feb. 6, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) today provided an operational update for its fourth quarter 2013 operating results, which includes estimates of production and sales volumes, price realizations, and operating netbacks, summarized as follows: 4Q 2013 (Estimated) 3Q 2013 (Actual) ...
TORONTO, Feb. 5, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) today announced well test results from the Los Angeles-1X well located in Block 131 and an update on its Block 126, both located in the onshore Ucayali Basin in Peru. The Company gained its interest in both blocks through the Petrominerales Ltd. acquisition completed in late 2013. Ronald Pantin, Chief Executive Officer of [...]
TORONTO, Jan. 29, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) today announced an update on the purchases of its common shares pursuant to the normal course issuer bid previously announced on April 29, 2013 (the "NCIB"). Under the NCIB, the Company has purchased for cancellation a total of 3,986,800 commons shares at an average purchase price of $17.98. The Company commenced the [...]
TORONTO, Jan. 24, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that while it is a general policy not to comment on market or media rumours, the Company would like to formally refute the false media report recently published on its proprietary Synchronized Thermal Additional Recovery ("STAR") technology. Recent results from three independent engineers have shown the [...]
TORONTO, Jan. 20, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that it has commenced start-up of its Petroeléctrica Los Llanos ("PEL") electrical power transmission line, which connects the Company operated Rubiales and Quifa oil fields to Colombia's electrical grid. This new 230 kilovolts transmission line runs 260 kilometers from the Chivor Substation, in the Boyaca Department, to the Rubiales field and will supply up to 192 megawatts per hour to two booster pumping stations at the ODL Pipeline, as well as substations at the Rubiales and Quifa fields. The PEL line operations have started with ... [...]
TORONTO, Jan. 6, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) has scheduled a conference call for investors and analysts on Wednesday January 8, 2014 at 9:00 a.m. (Bogotá and Toronto time) and 12:00 p.m. (Rio de Janeiro time) to discuss the Company's 2014 Outlook and Guidance. Participants will include Ronald Pantin, Chief Executive Officer, José Francisco Arata, President, and select members of the senior management. The Company issued certain details of its 2014 Outlook and Guidance in a news release dated December 18, 2013, which is provided below and can also be accessed on the Company's website at ... [...]
TORONTO, Dec. 23, 2013 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that it has reached an agreement to sell its 5% interest and transportation rights in the Oleoducto Central S.A. ("OCENSA") oil pipeline in Colombia for a total cash consideration of U.S.$385 million (the "Transaction") to a consortium led by Darby Private Equity ("Darby"), the private equity arm of Franklin [...]
TORONTO, Dec. 23, 2013 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today the successful results of the first production tests in the CPE-6-1X exploration well and the CPE-6-H2 appraisal well, two new wells drilled during December in the CPE-6 Block in the Eastern Llanos Basin, onshore Colombia. Pacific Rubiales has a 50% working interest and is operator of the block. Talisman [...]
TORONTO, Dec. 18, 2013 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today its operational outlook and capital expenditure plans for 2014 and an operational update for 2013. Pacific Rubiales expects to release its year-end 2013 audited results on March 13, 2014. All values in this release are in U.S.$ unless otherwise stated. 2014 OUTLOOK HIGHLIGHTS: Targeting average net [...]
TORONTO, Dec. 10, 2013 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) today announced the commencement of purchases of its common shares pursuant to the normal course issuer bid previously announced on April 29, 2013 (the "NCIB"). Under the NCIB, the Company may purchase up to 31,075,887 common shares (or approximately 10% of the public float). The Company commenced purchasing common [...]
A Deletion from the S&P/TSX Composite Index TORONTO, Dec. 2, 2013 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices: The shareholders of Petrominerales Ltd. (TSX:PMG) have approved a Plan of Arrangement with Pacific Rubiales Energy Corp. (TSX:PRE). Petrominerales shareholders will receive $CDN11.00 cash and 1 share of Alvopetro Energy Ltd. (TSXVN:ALV) for [...]