Showing posts with label Pacific Rubiales declares corporate name change to Pacific Investigation and Creation Partnership to mirror a more extensive center in Latin America. Show all posts
Showing posts with label Pacific Rubiales declares corporate name change to Pacific Investigation and Creation Partnership to mirror a more extensive center in Latin America. Show all posts

Saturday, August 15, 2015

Pacific Rubiales declares corporate name change to Pacific Investigation and Creation Partnership to mirror a more extensive center in Latin America

Pacific Rubiales Vitality Corp. (PRE) (bvc:PREC) declared today that it is changing its corporate name to Pacific Investigation and Creation Organization. The name change mirrors the Organization's more extensive center in Latin America as the Organization's generation base keeps on being enhanced far from the Rubiales Field.

The new name stresses the Organization's method which is centered around economical development underway & saves and money era inside of a differentiated arrangement of advantages. The Organization resource base is allotted over seven nations including Colombia, Peru, Guatemala, Brazil, Guyana, Papua New Guinea and Belize. The opening up of the Mexican vitality area to remote venture gives a huge open door that is very much adjusted to the Organization's center mastery and reputation in light and overwhelming oil investigation and advancement, as the main free Latin American centered E&P organization.

Ronald Pantin, CEO of the Organization, remarked:

"This name change speaks to a huge turning point for the Organization, mirroring that we have truth be told supplanted creation from the Rubiales Field. Aggregate net creation after sovereignties has developed from well under 100,000 boe/d to current levels of a little more than 150,000 boe/d, in spite of a 14% decrease underway from the Rubiales Field in 2014. We have more than supplanted the Rubiales creation from a mix of other substantial oil generation in Colombia, light and medium oil creation in Colombia and Peru, and normal gas creation in Colombia. A vast arrangement of undeveloped stores in addition to assets support further potential generation development past 2016."

The Organization has made an application to the Toronto Stock Trade for its approbation of the name change and has gotten contingent endorsement subject to the accommodation of the obliged last documentation.

The Organization's basic shares will keep on exchanging on the Toronto Stock Trade and La Bolsa de Valores de Colombia under the ticker images PRE, and PREC, separately.

About Pacific Investigation & Creation:

Pacific Investigation & Creation is a Canadian open organization and a main pilgrim and maker of characteristic gas and unrefined petroleum, with operations centered in Latin America. The Organization has an expanded arrangement of advantages with hobbies in give or take 90 investigation and creation hinders in seven nations including Colombia, Peru, Guatemala, Brazil, Guyana, Papua New Guinea and Belize. The Organization's technique is centered around practical development underway & saves and money era. Pacific Investigation & Creation is focused on directing business securely, in a socially and naturally mindful way.

The Organization's basic shares exchange on the Toronto Stock Trade and La Bolsa de Valores de Colombia under the ticker images PRE, and PREC, separately.

For more data, please visit : http://www.pacific.energy

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