Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/pacific-rubiales-provides-operational-update-2.shtmlPacific Rubiales provides operational update
Pacific Rubiales Energy Corp. provide an update on its 2013
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Pacific Rubiales Energy Corp. provide an update on its 2013 year-to-date operations and exploration activities.
In summary, the Company expects to report record production volumes in the first quarter 2013, with production at the top of its annual guidance range.
Exploration well activity year-to-date includes ten wells, with one currently drilling. This has resulted in four significant oil discoveries and two natural gas/condensate discoveries, for a 67% success rate. During the quarter, the Company issued U.S.$1.0 billion 5.125% coupon senior unsecured notes, maturing in 2023, extending its credit profile and strengthening its overall capital structure.
The Company expects to release its first quarter financial results after markets close on Wednesday May 8, 2013.
