Pacific Rubiales Energy has reached a production level of 117,784 barrels of oil equivalent per day (boepd) of gross operated production, equivalent to 48,667.7 boepd net after royalties in all its assets in Colombia. This new production level is an increase of over 17,000 boepd from the level announced on October 22, 2009.

Rubiales Field The company has achieved gross production of 100,319 barrels of oil per day (bopd) at the Rubiales/Piriri field (excluding Quifa), in the Los Llanos Orientales basin. This milestone comes as a result of the following: the ODL pipeline, inaugurated in September, which removed the transportation limitation and secondly the expansion of production and treatment facilities, as well as the drilling plan being executed. This is framed within a business plan that aims to reach a plateau of 170,000 bopd by the end of 2010.

La Creciente In addition, the company has announced that La Creciente Natural Gas field, in the northern part of Colombia, has reached its current operational gross production goal of 60 mmscfpd, which until now had been curtailed by some scheduled and unscheduled maintenance work. Volumes have been increased at a time when internal market demand has strengthened.

Quifa Block As part of the appraisal drilling campaign in the block, a second appraisal well was drilled in prospect "H". The Quifa-11 well found the top of the Carbonera basal sands at 2,862 feet measured depth (MD), or 2,207 feet true vertical depth at sub-sea level (TVDSS) and the oil water contact at 2,891 feet MD, or 2,236 feet TVDSS, resulting in an oil column of 29 feet gross at the well. Preliminary petrophysical evaluation of the well indicates a net pay zone of 12 feet with 32% average porosity. The Quifa-11 well was drilled southwest of prospect "H" at a distance of 1.1 km from the Quifa-7 well and 2.2 km from the Quifa-10 well (refer to drill results of the Quifa-7 and Quifa-10, in the company's press release dated September 8 and October 13, 2009, respectively). The company is presently planning to test the well and complete it as a producer. The Quifa-11 well confirms the extension of Prospect "H" to the southwest, resulting in an average net pay of 37 feet for the three wells. The average OWC from Quifa-7, Quifa-10 and Quifa-11 wells is calculated at 2,251 feet TVDSS and the drainage area for prospect "H" is estimated at a minimum of 4,780 acres.

Tags: Pacific Rubiales Energy Corp.