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Pacific Rubiales Energy Corp Incorporates PRE LNG Port Corp And Pacific Procurement Services Sarl

Monday, 23 Sep 2013 07:47pm EDT 

Pacific Rubiales Energy Corp (PREC) announced that on August 29, 2013 it incorporated PRE LNG Port Corp under the jurisdiction of the British Virgin Islands (BVI). PRE LNG Port Corp, in turn, on August 29, 2013 under the same jurisdiction incorporated PRE LC Pipeline Corp. Both companies will own the assets associated with the PREC Gas Export Project. Additionally, on July 19, 2013, PREC incorporated Pacific Procurement Services Sarl under the jurisdiction of Luxembourg. The aforementioned company has a share capital equal to the amount of USD 100,000 and it is engaged in the procurement services in favor of PREC’s subsidiaries. On August 22, 2013 Pacific Procurement Services Sarl established a branch in Panama called Pacific Procurement Services Sarl (Panama Branch). This branch, with a capital of USD10,000, is engaged in the provision of procurement services.