Last $21.00 USD
Change Today +0.15 / 0.72%
Volume 739.5K
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

pacific rubiales energy corp (PEGFF) Snapshot

Open
$20.67
Previous Close
$20.85
Day High
$21.28
Day Low
$20.62
52 Week High
10/22/13 - $22.30
52 Week Low
02/27/14 - $13.34
Market Cap
6.6B
Average Volume 10 Days
208.4K
EPS TTM
--
Shares Outstanding
314.7M
EX-Date
06/16/14
P/E TM
--
Dividend
$0.66
Dividend Yield
3.15%
Current Stock Chart for PACIFIC RUBIALES ENERGY CORP (PEGFF)

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pacific rubiales energy corp (PEGFF) Details

Pacific Rubiales Energy Corp. explores, develops, and produces oil and natural gas in Colombia, Peru, Guatemala, Brazil, Papua New Guinea, Guyana, and Belize. The company holds interests in the Rubiales, Piriri, and Quifa heavy oil fields in the Llanos Basin, Colombia; and the La Creciente natural gas field in the northwestern area of Colombia. It has an interest in 95 blocks consisting of 74 blocks in Colombia, 9 blocks in Peru, 2 blocks in Guatemala, 8 blocks in Brazil, 1 block in Papua New Guinea, and 1 block in Belize; and operates oil pipelines in Colombia. The company was formerly known as Petro Rubiales Energy Corp. and changed its name to Pacific Rubiales Energy Corp. in January 2008. Pacific Rubiales Energy Corp. was incorporated in 1985 and is headquartered in Toronto, Canada.

Founded in 1985

pacific rubiales energy corp (PEGFF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$995.1K
President, Director, Member of Reserves Commi...
Total Annual Compensation: C$946.3K
Executive Co-Chairman
Total Annual Compensation: C$995.1K
Executive Co-Chairman
Total Annual Compensation: C$995.1K
Chief Financial Officer
Total Annual Compensation: C$635.2K
Compensation as of Fiscal Year 2013.

pacific rubiales energy corp (PEGFF) Key Developments

Pacific Rubiales Energy Corp. Announces the Results of Independent Resource Evaluation

Pacific Rubiales Energy Corp. announced the results of an independent resource evaluation for 36 of the company's 60 exploration blocks in Colombia, Peru, Brazil, Guyana, Guatemala and Papua New Guinea. The 2014 resource report selection of the 36 exploration blocks was based on a minimum criterion of 20 MMbbl of oil or equivalent of Pmean Resources, per block. The 2014 resource report contains estimates of low case, best case, high case and Pmean case for both Contingent and Prospective Resources. The following comparison is done on the best case estimates of the 36 exploration blocks evaluated in 2014 against the best case estimates of the 32 exploration blocks evaluated in 2012. The 2014 resource report shows that the best case estimates of 36 exploration blocks totaling the sum of the gross Prospective Resources attributed to the company have grown 45% to 6.2 Bboe from 4.3 Bboe of the best case in 2012, and the best case estimates of total gross Contingent Resources have grown 62% to 272 MMboe from 168 MMboe of the best case total Contingent Resources estimated in 2012. Highlights on the best case estimates of gross unrisked Prospective Resources and gross Contingent Resources: 6,240 MMboe of total Prospective Resources, representing an increase of 45% compared to the 2012 evaluation. The total Prospective Resources are contained in 166 opportunities on 36 evaluated blocks in six countries. The total Prospective Resources are estimated to include 5,805 MMbbl of oil and natural gas liquids, and 2.6 Tcf of natural gas. total Prospective Resources are in prospects, an increase of 7% from 1,302 MMboe in 2012. 78% or 4,848 MMboe of the total Prospective Resources are in leads, a 62% increase from 2,989 MMboe in 2012, largely reflecting new exploration blocks acquired in 2013 and new leads defined on seismic surveys. 40% of the total Prospective Resources opportunities are in Peru, 25% in Colombia, 21% in Guyana, 12% in Brazil, 1% in Papua New Guinea and 1% in Guatemala. 272 MMboe of total gross Contingent Resources, a 62% increase from 168 MMboe in 2012, mainly due to acquisitions and advancement from Prospective Resources through successful exploration drilling.

Pacific Rubiales Energy Corp. Reports Consolidated Earnings and Production Results for the Second Quarter Ended June 30, 2014

Pacific Rubiales Energy Corp. reported consolidated earnings and production results for the second quarter ended June 30, 2014. For the quarter, the company reported oil & gas sales revenues were $1,344.6 million against $1,055.6 million a year ago. Adjusted EBITDA was $721.6 million against $604.4 million a year ago. Adjusted EBITDA per share were $2.30 against $1.87 a year ago. Cash flow from operations was $531.6 million against $475.0 million a year ago. Cash flow per share was $1.70 against $1.47 a year ago. Net earnings from operations were $337.5 million against $271.5 million a year ago. Net earnings from operations per share were $1.08 against $0.84 a year ago. Net earnings were $228.5 million against $74.3 million a year ago. Net earnings per share were $0.73 against $0.23 a year ago. For the quarter, the company reported total net production was 149,118 (boe/d) against 127,555 (boe/d) a year ago. Total sales volumes were 155,027 (boe/d) against 127,398 (boe/d) a year ago. Total oil and liquids were 138,756 (bbl/d) against 116,604 (bbl/d) a year ago. Total natural gas was 10,362 (boe/d) against 10,951 (boe/d) a year ago.

Pacific Rubiales Energy Mulls Acquisitions

Pacific Rubiales Energy Corp. (TSX:PRE) is seeking acquisitions. Ronald Pantin, Chief Executive Officer of Pacific Rubiales Energy said, "We continue to advance the diversification of our production beyond the Rubiales field through a combination of strategic acquisitions and organic growth."

 

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