PACIFIC E&P OVERVIEW Leading producer of crude oil and natural gas, with operations focused on Colombia and Peru New leadership, skilled employees, a unique collection of assets, a strong balance sheet New strategy to narrow the…
COMPANY STRATEGY With improved capital and cost discipline Pacific aims to be the leading low-cost producer in the region Pacific emerged from its recapitalization with: Approximately U.S.500 million of cash Production Mix* A strong…
COMPANY LEADERSHIP Pacifics new Board is comprised of seven best-in-class directors with the needed industry and financial experience to guide Pacific towards reaching its full potential. Chairman of the Board Gabriel de Alba Other…
PRO-FORMA HIGHLIGHTS Creditor and Catalyst Led Restructuring provided U.S.480 million of additional liquidity through the DIP Financing and a committed letter of credit facility of approximately U.S.116 million. Annual interest cost…
RISK MANAGMENT & IMPROVEMENTS Entered into several oil price risk management contracts to hedge against oil price volatility through April 2017. Continue to control G&A and all non-essential spending activities in light of the…
FINANCIAL & ADDITIONAL HIGHLIGHTS Revenue for the third quarter totaled U.S.309 million, U.S.67 million lower as compared with the second quarter of 2016, reflecting lower volumes of sales during the quarter. Revenue decreased by…
PACIFIC E&P SUMMARY We are bringing best reporting practices to the Company and the new Board will continue to update our stakeholders as we rebuild Pacific to become a truly competitive low-cost producer. Low-cost Producer of Crude…