Pacific Rubiales Energy (PEGFF.PK) says it expects to spend $1.7B on exploration and development...


Pacific Rubiales Energy (PEGFF.PK) says it expects to spend $1.7B on exploration and development this year and targets 15%-30% growth in average daily production while warning that approval delays in Colombia could continue to crimp development. The company now sees 2012 average production coming in at ~99M boe, at the low end of guidance.

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