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2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp.

Pacific Rubiales Energy Corp. · Jun 19, 2015 · 8 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. 2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp. – slide 1
    2015 Financial & Operational Guidance
  2. 2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp. – slide 2
    Oil Prices Melt Down In 2014 /bbl WTI NYMEX ICE BRENT 130 120 110 100 90 80 70 60 50 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 5
  3. 2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp. – slide 3
    2015 Budget Strategy Restrict capital expenditures to +/- equal internally generated cash flow Defer discretionary exploration expenditures Allocate capital to best projects based on ranking: economic returns, materiality of asset,…
  4. 2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp. – slide 4
    2015 Guidance 70 Oil realiza8on price: Expected to average approximately WTI benchmark price assumpOon WTI 155 - 160 Mboe/d Target average net production: 5-8% growth over estimated 2014 production levels < /boe 30…
  5. 2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp. – slide 5
    2014 vs. 2015 E&D Capital Expenditure 2014 Capital Program 2015 Capital Program 2% 10% 15% 23% 2.3 - 35%* 32% 1.5 31% Billion Billion 37% 51% Exploration Development Drilling Facilities Other Exploration Development…
  6. 2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp. – slide 6
    Mexico The Next Frontier OpportuniOes Summary Migration of existing service contracts Expected 2P Reserves Contracts Investment Fields Timing (Bboe) (B) Poza Rica - First Stage: 22 First Set 0.6 2.6 Altamira and Aug / Dec 14…
  7. 2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp. – slide 7
    Positioned For a Low Price Environment Low Cost Producer Operating cost reduction priority targeting < 30 (production, transportation and diluent cost) Capital Expenditures of 1.5 Billion (represents 65% of 2014 CAPEX ) Improved…
  8. 2015 FINANCIAL AND OPERATIONAL GUIDANCE – Pacific Rubiales Energy Corp. – slide 8

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