Breaking News: Pacific Rubiales Changes Name To Pacific Exploration & Production Company
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Posted By: How May I Help You NC on August 17, 2015 Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced today that it is changing its corporate name to Pacific Exploration and Production Corporation. The name change comes after an acquisition by Alfa S.A.B. and Harbour Energy, Ltd. failed, and the company continues to face a depressed stock price as the entire petroleum sector continues to struggle. Nevertheless, the company said in a statement that the name change reflects the Company’s broader focus in Latin America as the Company’s production base continues to be diversified away from the Rubiales Field. The Company asset base is currently allocated across seven countries, including Colombia, Peru, Guatemala, Brazil, Guyana, Papua New Guinea and Belize. The opening up of the Mexican energy sector to foreign investment provides a very large opportunity that the company states is aligned with its core expertise in light and heavy oil exploration and development, as the leading independent Latin American focused E&P company. Continued: http://www.financecolombia.com/breaking-ne... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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How May I Help You NC
Management, See Moss Interactive Bellarmine University class of 2021 Member Since January 2011 |
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