Pacific Rubiales Energy Corp. reported that a wireline evaluation program has confirmed the previously announced light oil discovery in the Kangaroo-1 exploration well on block S-M-1101, in the Santos basin, offshore Brazil.

The well was drilled as part of an agreement announced by the Company on September 18, 2012, as a minimum work commitment for both the S-M-1101 and S-M-1165 blocks, where the Company holds a 35% participating interest (subject to approval by Brazil's Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP)).

As announced earlier by the operator of the blocks, Karoon Gas Australia Ltd., the wireline evaluation of the Eocene discovery zone in the Kangaroo-1 well, including petrophysical logs, core samples, fluid samples and flow tests all conducted on wireline, is nearing completion.

Tags: Pacific Rubiales Energy Corp.