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ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp.

Pacific Rubiales Energy Corp. · Jun 16, 2010 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 1
    TSX:PRE BVC: PREC Pacific Rubiales Energy AGM Presentation Where Talent and Knowledge meet Opportunity 1
  2. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 2
    Our strategy: growth New Areas Trading Exploration The most dynamic independent E&P in Colombia Transportation Production 3
  3. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 3
    Producing approximately 19% of Colombias oil1 Market cap of over 6.3 billion Currently producing over 143,000 boe/d (gross) Over 1,000 employees, an increase of 20% from 2009 2nd largest exploration acreage in Colombia high…
  4. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 4
    With demonstrated strong production profile 5x growth in exit production within three years 125,000 61,355 24,784 2007 2008 2009 Daily gross operated oil production: barrels of oil equivalent per day (boe/d) 5
  5. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 5
    2nd largest exploration portfolio in Colombia Funded capex for extensive +10 million exploration in 2010 (net) exploration Over 2.8 bnbbl(1) of oil resource, and acres 1.5 tcf(1) of gas resource Historical drilling success of 80%…
  6. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 6
    Expanding reserve life Reserve (net 2P) growth of 34% in 2009 2009 2008 280.5 mmboe 208.9 mmboe Source: Petrotech Engineering Reserves Report, 2010 7
  7. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 7
    Focus on Quifa the next frontier Successful drilling Drilled 13 exploratory and appraisal wells to date with discoveries on prospects A, F, K, L and Q; successful appraisal of prospects D, E & H The 2P reserve certification for…
  8. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 8
    La Creciente: gas in place to support development Significant low cost production potential H 5 wells drilled with potential to produce over 120 F LC-A2 LC-D1Field D mmcf/d DW LC-A3 St1 LC-A1 LC-A4 St1 Field A Current…
  9. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 9
    Key areas for future accelerated growth Focus on Quifa Focus on Rubiales Focus on STAR Completed Phase I Announced (lab testing) Currently producing commerciality in Our progress over 125,000 bbl/d Negotiating terms of southwest…
  10. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 10
    STAR game changing technology Proprietary technology developed for Rubiales STAR is a proprietary technology based in companys in-house experience from analogous fields (Miga and Morichal in Venezuela) Uses existing well configurations…
  11. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 11
    With ready access to transportation ODL pipeline Financed, built, and rapidly put ODL pipeline into full operation in September 2009 ODL now transporting 160,000 bbl/d with approved capacity expansion to 330,000 bbl/d Acquired…
  12. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 12
    Demonstrated shareholder value creation 20000 25 +700% Increase 18000 Jan. 2009 to Present 16000 20 Share Price (C) Volume (000s) 14000 12000 15 10000 8000 10 6000 4000 5 2000 0 0 Share Price Volume Average…
  13. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 13
    Clear outperformer to index and peers 300 250 200 SPTSX Index - Last Price 150 PRE CN Equity - Last Price 100 50 0 S&P /TSX S&P /TSX PACIFIC RUBIALES COMPOSITE ENERGY INDEX YTD 1.03% -6.03% 46.69% 2009 27.20%…
  14. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 14
    Financial performance: strong year over year revenues and EBITDA CAGR: 182% CAGR: 146% 700 639 600 579 500 US (millions) 400 Revenue 300 268.1 275.5 EBITDA 200 100 80.4 45.4 0 2007 2008 2009 15
  15. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 15
    Capital program accelerating growth 2010 858 million(1) 2009 403.4 million Production Facilities 120 Exploration 234.7 Production 48 Drilling 16 (1) Management estimate: numbers may not addup, only major projects are…
  16. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 16
    Increasing netbacks through cost reduction and better prices Combined Oil and gas netbacks 2009 (per boe) Realized Oil & Gas Price per boe (US) 17
  17. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 17
    With full commercial flexibility: trading The company exports its oil to international markets (USA, Canada, Caribbean) while also having direct sales to the bunker and industrial sectors. During 2009, the company exported…
  18. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 18
    Corporate social responsibility A strategic imperative for Pacific Rubiales Completed comprehensive stakeholder dialogues (total of 14) for company-wide focus on community engagement at Pacific Rubiales Joined Canadian Business for Social…
  19. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 19
    Strong track record of execution FUTURE Grow gross production to 225,000 boe/d 2009 (net 96,000 boe/d) Grew Take Quifa production to production by 30,000 bbl/d (end-2010) over 100% Advance STAR Project 86% to extend economic…
  20. ANNUAL GENERAL MEETING – Pacific Rubiales Energy Corp. – slide 20
    THANK YOU Where Talent and Knowledge meet Opportunity TSX:PRE BVC: PREC 21

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