Baraka, well spotted, thanks. PRE may well turnout 2b our partner in Brazil, why else would they get a mention in the ARept. They r dual listed on the TSX & BOVESPA.
In April this year, PRE picked up BPZ's 49% equity nxt doors in Peru for US$150 mil cash upfront + $ 185mil in future expl. drilling costs. On a 100% basis, 2P reserves at Corvina & Albacora fields (offshore Peru) are 93.9 MMbbls & 190bcf of gas.
KAR's AR mentions this figure as $362mil.
Link to PRE's website below.
http://www.pacificrubiales.com/newsroom.html
fantastic karoon, page-26
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