Norton Rose Fulbright acted as Pacific Rubiales Energy Corp.'s exclusive transaction counsel in its announced strategic acquisition of Petrominerales Ltd. The total purchase price of the all-cash deal will be approximately C$1.6 billion. The Arrangement is expected to close in the fourth quarter of 2013.

As part of the Arrangement Agreement, a newly formed exploration and production company (ExploreCo) will be created. ExploreCo's assets will consist of Petrominerales' Brazilian exploration assets and C$100 million in cash. The Arrangement will result in the acquisition of approximately 9.8 million gross (6.8 million net) acres of exploration and development properties in Colombia and Peru, as well as oil pipeline interests in Colombia.

Pacific Rubiales is a Canadian company and producer of natural gas and crude oil. It is the largest independent oil and gas exploration and production company in Colombia. Petrominerales is a Calgary-based, Latin American focused exploration and production company with a high-quality land base of exploration and development opportunities in Colombia, Peru and Brazil.

The members of the Norton Rose Fulbright team on the announced deal are:

 * Jorge Neher, partner, infrastructure, mining and commodities, Caracas, Bogotá
 * Crispin J. Arthur, partner, corporate securities, M&A, Calgary
 * Paul Fitzgerald, partner, corporate securities, M&A, Toronto
 * Ava G. Yaskiel, partner, corporate securities, M&A, Toronto
 * Adrienne F. Oliver, partner, tax, Toronto
 * Terence S. Dobbin, senior partner, M&A, Toronto
 * Kevin Ackhurst, partner, antitrust and competition, Toronto
 * Santiago González Rojas, senior associate, corporate and energy, Bogotá
 * Andrés Afanador, associate, corporate, antitrust and commercial, Bogotá
 * Matthew J. Hall, associate, corporate securities, M&A, Calgary
 * Krista Treasure, associate, corporate securities, M&A, Calgary