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About
Pacific Rubiales Energy Corp.
Pacific Rubiales, a Canadian-based
company and producer of heavy crude oil and natural gas, owns 100 percent of
Meta Petroleum Limited, a Colombian oil operator which operates the Rubiales and
Piriri oil fields in the Llanos Basin in association with Ecopetol S.A. the
Colombian, national oil company. The Company is focused on identifying
opportunities primarily within the eastern Llanos Basin of Colombia as well as
in other areas in Colombia and northern Peru. Pacific Rubiales has a current net
production of approximately 34,000 barrels of oil equivalent per day, with
working interests in 34 blocks in Colombia and Peru.
Pacific Stratus was founded in 2004 by a group of Venezuelan oil veterans who
were looking to leverage their expertise in the Sub-Andean Basin, gained from
long years working for or with PDVSA in Venezuela, to prospects outside of
Venezuela. Pacific Stratus initially focused on acquiring interests, starting
with its first exploration and exploitation contract at La Creciente. Over the
next three years, Pacific Stratus continued to expand its holdings, carefully
evaluating its portfolio, setting priorities on the most likely prospects and
raising money on the public market to finance its activities.
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