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SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp.

Pacific Rubiales Energy Corp. · Sep 30, 2013 · 18 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. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 1
    Production Growth and Cash Generation Focus
  2. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 2
    Transaction Offer to PMG Shareholders: Cdn.935 million cash (11.00/common share), plus one common share of ExploreCo PRE assumes total net debt (estimated at Cdn.640 million), including convertible bonds ExploreCo retains PMGs…
  3. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 3
    ASSETS 4
  4. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 4
    PMG Assets Dovetail with Existing PRE Assets PMG production and exploration blocks provide an excellent bolt-on acquisition, complimentary to PREs blocks 1H2013 production: 22 Mbbl/d gross (19 Mbbl/d net) 2012 year-end 2P…
  5. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 5
    PMG Colombia Assets Production and Exploration Blocks Most of production and exploration blocks are in prolific Llanos basin Includes deep and medium depth producing fields and exploration prospects and leads Large exploration…
  6. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 6
    PMG Peru Assets Exploration Blocks Four blocks add to PREs growing onshore Peru exploration hopper Block 126 discovery of oil at Sheshea flow tested 1,430 bbl/d 53 degree API gravity oil Seeking regulatory approval for 3D…
  7. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 7
    Colombia Assets Infrastructure Highly strategic oil pipeline assets provide lower cost advantage over trucking for PREs growing Llanos basin production 5% equity interest in OCENSA pipeline, provides net U.S.30 million per annum…
  8. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 8
    Production Synergies PMG Total production 22 Mbbl/d gross (19 Mbbl/d net) in 1H2013 75% (approximately 15 Mbbl/d) of PMG light oil production in Llanos basin is ideally suited for use as diluent supply for upgrading heavy oil…
  9. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 9
    Exploration Work Commitments Exploration Work Commitments (MM) 2013 2014 2015 Colombia - 61 24 Peru 11 - 19 Total 11 61 43 Limited exploration work commitments required in near-term on PMG exploration blocks Options to…
  10. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 10
    TRANSACTION VALUE COMPONENTS 11
  11. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 11
    Pro-forma Expectation* Metrics of PRE PMG PRE+PMG Acquisition Colombia 56 15 71 Blocks Peru 5 4 9 Production Boe/d Total 129 19 148 47K/bbl/d Net (June 2013) 1P (MMboe) 336 24 360 2012 Year-end Net Reserves 2P (MMboe) 514…
  12. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 12
    Transaction Value Components* Estimated Value (Cdn. Billions) Acquisition Cost (share purchase + debt assumption) 1.6 Less value of oil pipeline interests 0.4 Less operational synergy savings 0.3 Value attributed to production…
  13. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 13
    STRATEGIC & BUSINESS DRIVERS 14
  14. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 14
    Significant Synergies Add Value* Annual (U.S.MM) Natural gasoline diluent savings (3 Mbbl/d * 31.2/bbl) 35 Heavy crude oil displacement from Barranquilla to OCENSA 69 (8.3 Mbbl/d * 22.6/bbl) Other crude displacement (10.3 Mbbl/d…
  15. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 15
    Acquisition Summary: One plus One = Three Attractive and highly accretive acquisition metrics Acquired assets all located in Colombia and Peru attractive jurisdictions we are familiar with and aligned with our core capabilities and…
  16. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 16
    Q&A 17
  17. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 17
  18. SEPTEMBER 2013 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 18
    Forward Looking Statements Resources Readers should give attention to the estimates of individual classes of resources and appreciate the differing probabilities of recovery associated with each class. Estimates of remaining…

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