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Amid public rejection, PRE wants to drop VSM-13 production contract

Thursday, May 8th, 2014 Category: Regulations & Policy

The director of the National Hydrocarbons Agency Javier Betancourt says that the exploration and production contract for the VSM-13 block, located along the Las Ceibas river will not go forward and that Pacific Rubiales (TSX:PRE), who holds the contract through an acquired subsidy Alange Energy, wants to end the concession.

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