09:52 AM EST - Pacific Rubiales Energy Corp. : announced today the release of its audited consolidated financial results for the years ended December 31, 2012 and 2011. Production grew 13% year-over-year, averaging 97,657 boe/d net after royalties including 1,573 bbl/d attributed to Block Z-1, offshore Peru. The equivalent net production in the fourth-quarter was 108,149 boe/d, 19% higher than the same period in 2011. EBITDA for the year was $2.0 billion, 3% higher than 2011, driven by higher production and operating netbacks. Net Earnings were $528 million, compared to $554 million in 2011. Pacific Rubiales Energy Corp.
shares T.PRE are trading down $1.36 at $23.43.
