Pacific Rubiales

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• . The test rates from the Triceratops-2 well compare favourably with equivalent DST intervals in wells drilled on the Elk/Antelope structure along trend.

• This transaction is not associated with the planned sale of an interest in the Elk and Antelope fields and related LNG equity partnering process targeted for the second quarter of 2012.
• PRE is entitled to be repaid the 25% carry from cash flows from production and from reimbursement by the Government of Papua New Guinea in the event it decides in due course to exercise its back-in rights under relevant PNG legislation.

• Reached an agreement with BPZ Resources, Inc.
• The Company believes that the assets underlying the Participating Interest are high quality with significant exploration and development upside.
• Peru is a country with considerable O&G exploration and development potential, has an attractive and competitive fiscal regime, and encourages foreign investment.

• Agreed to purchase up to 140 million common shares in the capital of Pacific Infrastructure Inc. at a price of U.S.$1.00 per share for an aggregate investment of up to U.S.$140 million.

• The Agreement calls for EXMAR to build, operate and maintain a Floating Liquefaction Regasification & Storage Unit ('FLRSU') to be located on the Colombian Caribbean coast.

• Gas for the project will be sourced from La Creciente Field.
• With this project, the Company will be initially targeting markets of Central America and the Caribbean, aiming to replace fuel oil and diesel currently used for power generation.

• Production increased by over 50%.
• Reserves additions more than kept pace with 5.5 boe of 2P reserves added for every boe produced during the year.

• The 52% reserve growth is very strong, driven by the 83% exploration success rate.

• Pacific Rubiales Energy announce the discovery of natural gas and condensate in the Cotorra-1X exploration well, drilled on the Guama Block in the Lower Magdalena basin.

• Pacific Rubiales Energy Corporation announces drilling operations at the Yaraqui-1X well location Topoyaco block in the foothills of the Putumayo Basin has Company in 50% working interest and operator update.
• the Company to determine the quality of oil and production potential for the Topoyaco subthrust prospect and to update the prospective resources present in the trap.

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