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One-Page Deal Sheet

Pacific Rubiales Invests in CGX Energy

Pacific Rubiales Energy Corp. Cgx Energy Inc.
AnnouncedMay 29, 2012
TypeCorporate
Announced Date
May 29,2012
Close Date
July 09,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
30




Snapshot
Asset/Basin:
{"Guyana-Suriname Basin"}
TargetZones:
{}
Location
Region
South America

Country
Guyana


Transaction Details:  Subscribe to see

Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) is pleased to announce that it has agreed to purchase 85,714,285 units of CGX Energy Inc. (TSX-V: OYL) ("CGX") at a price of C$0.35 per unit for an aggregate investment of C$30 million. At the same time, the Company has entered into a technical services agreement with CGX whereby Pacific Rubiales will provide technical assistance to CGX in respect of its operations. In addition the Company will have an option to participate in each of the next wholly owned commitment wells to be drilled on the Corentyne and Annex offshore…

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