Pacific Rubiales Energy Corp. declared the results of an independent evaluation of the Company's reserves in reports effective December 31, 2012, which show that the Company's net 2P reserves grew by 27% when compared to December 31, 2011.

José Francisco Arata , President of the Company commented: "We look at these reserves reports for 2012 as a clear demonstration of the robustness of our exploration and development portfolio, and the Company's business strategy that includes growth through strategic and accretive acquisitions. The 27% reserves growth is a strong performance, driven by exploration discoveries and a number of accretive acquisitions the Company was able to accomplish during the year. Pacific Rubiales continues to grow its reserves along with production, and the addition of reserves in new areas clearly demonstrates that the Company is diversifying its reserves base beyond the Rubiales field."

Tags: Pacific Rubiales Energy Corp.