09:48 AM EST - Pacific Rubiales Energy Corp. : provided today an exploration update highlighted by initial test results in the Kangaroo-2 appraisal well, located in the shallow offshore, Santos Basin, Brazil. The Kangaroo-2 appraisal well was drilled in Block S-M-1165, approximately 300 metres (943 feet) up-dip from the Kangaroo-1 discovery well, and confirms a 820-foot gross (442-foot net) oil column in Cretaceous and Paleocene aged reservoirs in the structure. The Company has a 35% participating interest in the wells and five surrounding blocks. Karoon Gas Australia Ltd. holds the remaining 65% interest and is operator. Pacific Rubiales Energy Corp.
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