Oil Discovery on the Karoon Blocks Offshore Brazil

During late January Pacific Rubiales Energy Corp. confirmed the discovery of light oil at the Kangaroo-1 exploration well drilling 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.

2013.03.26 - Oil Discovery on the Karoon Blocks Offshore Brazil Figure 1

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