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SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp.

Pacific Rubiales Energy Corp. · Sep 16, 2011 · 21 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 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 1
  2. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 2
    History of growth provides foundation for future Target 11x growth in exit operated production in past five years Grow production to The Company produced over 23% of oil in Colombia as of June 2010 ** 500,000 boe/d STAR STAR…
  3. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 3
    The premier independent O&G company in Colombia Gross operated oil production bbls/d 350.000 300.000 Second largest producer, largest 250.000 private E&P company 200.000 150.000 100.000 Fastest growing producer (242,000…
  4. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 4
    Steady growth of production and reserves Average production before royalties (boe/d) 250000 Gross Production Boe/d Net Before Royalties Boe/d 200000 150000 12 fold increase in net production since 100000 2007 50000 0…
  5. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 5
    Exploration & Production Assets 45 BLOCKS 18,723,075 Gross Acres (12,477,183 Net Acres) Block distribution per basin Llanos Norte 3 Llanos Sur 6 2 Lower Magadalena Valley 6 Cordillera 9 Middle and Upper Magdalena Valley 9…
  6. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 6
    Rubiales and Quifa two main growth engines RUBIALES FIELD One of the largest onshore heavy oil fields in South America OOIP estimate 4.2 billion bbls (increased from 2.7 by PREs technical work) Conservative recovery factor 15%…
  7. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 7
    La Creciente gas in place supports substantial development One of the largest Colombia natural gas discoveries in recent years. (100% WI for LA CRECIENTE Colombia PRE) GUEPAJE 2P gross reserves of 489 bcf (Dec 2010) Current…
  8. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 8
    Exploration portfolio provides future upside potential 45 BLOCKS (18.7 million gross /12.4 million net acres) High operated percentage Focused in the Llanos and Putumayo basins in Colombia. 60 exploratory wells planned…
  9. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 9
    Exploration blocks CPE-6 and CPE-12 Colombia On-trend with Rubiales and Quifa heavy oil fields Oil net pay encountered in 5 of 6 stratigraphic test wells drilled on Guaruro prospect block CPE-6 CPE-6 approval received…
  10. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 10
    Peru and Guatemala exploration blocks PERU Three exploration blocks in high potential Maraon Basin Ongoing seismic operations in 2011, potential exploration well 2012/2013 GUATEMALA One operated exploration block…
  11. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 11
    Pipelines allow for increasing production levels and have significant impact on netbacks ODL Pipeline (PRE 35%) Only infrastructure in place in southern Llanos Basin, a key heavy oil basin in Colombia. Current Capacity 240,000 bbl/d…
  12. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 12
    Pacific Rubiales in Colombia Summary Colombia offers an attractive business environment for O&G investment Provides a balance of above and below ground risks Pacific Rubiales very well positioned in Colombia: Largest private E&P…
  13. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 13
  14. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 14
    STAR Project: Enhanced oil recovery Uses existing wells configurations to thermally sweep oil into producing wells Potential to increase recovery factor by incremental 10% to 40% and triple companys reserve base Extends heavy…
  15. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 15
    2011 Capital Expenditure Program guidance Over 1.1 billion capital program MM Exploration 340 26% Exploration Development 36% 139 Development drilling drilling STAR/SPV* 204 10% Projects Facilities 438 Facilities 28% *…
  16. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 16
    Exploration Drilling Schedule BLOCK JULY AUGUST SEPTEMBER OCTOBER N0VEMBER DECEMBER 11 WELLS NORTH QUIFA 4 WELLS SOUTHWEST 6 WELLS QUIFA RUBIALES - 5 WELLS PIRIRI 6 WELLS CPE-6 E&P 3 WELLS 1 WELL ARRENDAJO 1 WELL ARAUCA 2…
  17. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 17
    Healthy growth in netbacks OIL (/bbl) GAS (/boe) COMBINED (/boe) 1.5x 64 1.6x 61 43 39 1.7x 27 16 Q2 2010 Q2 2011 Q2 2010 Q2 2011 Q2 2010 Q2 2011
  18. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 18
    Strong financial results GROSS REVENUE (MM) NET INCOME (MM) 1,541 280 2.1x 3x 736 91 1H 2010 1H 2011 1H 2010 1H 2011 EBITDA (MM) FFO (MM) 921 667 2.1x 2.2x 431 298 1H 2010 1H 2011 1H 2010 1H 2011
  19. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 19
    Strong balance sheet and liquidity ratios 2010 2011 2011 Q2 Q1 Q2 DEBT / EBITDA- ANNUALIZED 0.9 0.5 0.4 EBITDA / FINANCE COST-ANNUALIZED 13.3 24.2 30.7 NET WORKING CAPITAL (MM) 458 137 316 CURRENT ASSETS/CURRENT LIABILITIES 2.2…
  20. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 20
    Strong commitment to social responsibility Pacific Rubiales Energy is committed to meeting or exceeding oil and gas industry best practice in every aspect of its activities. Among the Companys core values are the safety of its people,…
  21. SEPTEMBER 2011 CORPORATE PRESENTATION – Pacific Rubiales Energy Corp. – slide 21

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