Pacific Rubiales Energy Corp. announced unaudited consolidated earnings results for third quarter and first nine months ended Sept. 30, 2009. For the quarter, the company reported net operating income from operations of $34,302,000 against $104,267,000 last year. Earnings before items were $13,466,000 against $92,467,000 last year. EBITDA was $82,686,000 against $117,468,000 last year. Capital expenditures were $88,141,000 against $66,311,000 last year. Fund flow from operations was $55,677,000 against $117,032,000 last year. EBITDA for the first nine months of 2009 totaled $180.7 million. EBITDA from international sales represented 71% of this amount, while EBITDA from gas and domestic sales contributed 19% and 10%, respectively. Total cash capital expenditures during the nine months of 2009 totaled $272.6 million. The actual cash capital expenditures of the period were $88.1 million of which $5.82 million went into exploration activities including seismic, aerogravimetry, aeromagnetometry and drilling ($3.61 million to geophysics and $2.21 million to drilling of wells); $52.16 million were invested in the expansion and construction of production infrastructure and $30.12 million in production drilling activities.

Pacific Rubiales Energy Corp., Q3 2009 Earnings Call, Nov-16-2009

Pacific Rubiales Energy Corp. announced consolidated unaudited earnings results for third quarter and nine months ended Sept. 30, 2009. For the quarter, the company operating income of $35,437,000, net loss before non-controlling interest and income taxes of $42,434,000, net loss and comprehensive loss of $63,107,000 or $0.29 diluted loss per share on revenues of $156,557,000 compared to operating income of $92,364,000, net income before non-controlling interest and income taxes of $92,420,000, net income and comprehensive income of $78,324,000 or $0.35 diluted earnings per share on revenues of $202,354,000 for the same period a year ago. Net cash provided by operating activities was $64,583,000 compared to the $97,518,000 for the same quarter year ago. Additions to oil and gas properties and equipment was $88,141,000 compared to the $66,311,000 for the same quarter year ago. For the nine months, the company operating income of $46,699,000, net loss before non-controlling interest and income taxes of $102,793,000, net loss and comprehensive loss of $129,011,000 or $0.61diluted loss per share on revenues of $427,551,000 compared to operating income of $145,568,000, net income before non-controlling interest and income taxes of $114,916,000, net income and comprehensive income of $64,143,000 or $0.30 diluted earnings per share on revenues of $455,848,000 for the same period a year ago. Net cash provided by operating activities was $107,796,000 compared to the $155,832,000 for the same period year ago. The company book value as on September 30, 2009 was $1,980,969. Additions to oil and gas properties and equipment was $272,604,000 compared to the $173,003,000 for the same period year ago.