Last $7,300 COP
Change Today -270.00 / -3.57%
Volume 150.3K
PREC On Other Exchanges
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As of 3:59 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

pacific rubiales energy corp (PREC) Snapshot

Open
$7,520
Previous Close
$7,570
Day High
$7,520
Day Low
$7,300
52 Week High
06/17/14 - $41,520
52 Week Low
01/29/15 - $5,260
Market Cap
2.3T
Average Volume 10 Days
230.4K
EPS TTM
--
Shares Outstanding
316.1M
EX-Date
12/10/14
P/E TM
--
Dividend
$0.62
Dividend Yield
18.76%
Current Stock Chart for PACIFIC RUBIALES ENERGY CORP (PREC)

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pacific rubiales energy corp (PREC) Details

Pacific Rubiales Energy Corp., an oil and gas company, explores for, develops, and produces crude 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.

2,877 Employees
Last Reported Date: 03/13/14
Founded in 1985

pacific rubiales energy corp (PREC) 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 (PREC) Key Developments

Pacific Rubiales Energy Corp. Provides Production Guidance for Fourth Quarter of 2014

Pacific Rubiales Energy Corp. provided production guidance for fourth quarter of 2014. For the quarter, the company expects total net production to be in the range of 143 to149 Mboe/d, an increase of approximately 9% from the same period a year ago. This is approximately 1% higher than the previous quarter, mainly attributable to increased production from the company's light and medium oil fields. Sales volumes is expected to be in the range of 160 to 164 Mboe/d, an increase of approximately 12% from the same period a year ago. Net oil production is expected to be in the range of 135-138 Mbbl/d, net natural gas production is expected to be in the range of 8-11 Mboe/d.

Pacific Rubiales Energy Corp. Presents at Credit Suisse Energy Summit 2015, Feb-23-2015

Pacific Rubiales Energy Corp. Presents at Credit Suisse Energy Summit 2015, Feb-23-2015 . Venue: Vail Cascade Resort & Spa, 1300 Westhaven Drive, Vail, Colorado, United States. Speakers: Jose Francisco Arata, President, Director, Member of Reserves Committee and Member of Sustainability Committee.

Pacific Rubiales Energy Corp. Announces Successful Sidetrack Drilling Confirms Light Oil Discovery in Offshore Santos Basin, Brazil

Pacific Rubiales Energy Corp. announced the results from the Kangaroo-2 appraisal well sidetracks drilled in the shallow offshore, Santos Basin, Brazil. The Kangaroo-2 appraisal well drilled in exploration Block S-M-1165, confirmed a 250 meter (820 foot) gross, 135 meter (443 foot) net oil column intersection in Paleocene and Maastrichtian aged reservoirs, as announced November 26, 2014. The Company has a 35% participating interest in the wells and five surrounding blocks. Karoon Gas Australia Ltd. holds the remaining 65% interest and is operator of the block. Two separate extended production tests in the Kangaroo-2 appraisal wellbore, flowed 31° to 38° API light oil at maximum rates of between 2,500 bbl/d and 3,700 bbl/d (stabilized rates of 1,820 bbl/d 3,450 bbl/d, respectively). In early January, production testing in the Kangaroo-2 wellbore was completed and preparations began to commence a side-track drilling program to better define potential resource size and recovery factors. Side-track-1 was drilled to a down-dip location to target potential reservoirs on the eastern side of an interpreted fault. Side-track-2 was drilled in an up-dip location to test reservoir and hydrocarbon potential towards the salt wall seal. The Kangaroo-2 down-dip side-track was drilled to a 2,745 meter depth, and a wireline program was conducted. The down-dip side-track intersected oil bearing Maastrichtian reservoir on the east side of the fault as expected. Five reservoir fluid samples were recovered by wireline from a 50 metre (164 foot) gross oil column in the Maastrichtian section with a net to gross of 36% and an average porosity of 24%. One sample was opened on surface and contained 3 litres of 38° API oil.

 

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PREC

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Valuation PREC Industry Range
Price/Earnings 1.9x
Price/Sales 0.2x
Price/Book 0.2x
Price/Cash Flow 0.5x
TEV/Sales NM Not Meaningful
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