Aug 13 (Reuters) - Pacific Rubiales Energy Corp PRE.TO :
* Announces second quarter 2015 results: total operating costs reduced by 21%
from the prior quarter
* Q2 revenue $703 million versus I/B/E/S view $759.4 million
* Says "the company continues to focus its production portfolio on light and
medium oil assets"
* For production, in the second quarter of 2015, have achieved volumes from our
assets in Colombia and Peru of 152,428 boe/d
* Expect average production for the year of 150 to 156 mboe/d, representing 1%
to 5% growth over 2014 production levels
* Production continues to be on track with internal plans and above 2014 exit
rate of approximately 150,000 boe/d
* As we continue through this challenging year, it is clear that forecasting an
accurate guidance for oil prices is difficult"
* Qtrly net production after royalties for the quarter totaled 152,428 boe/d,
which represented an increase of 2%
* Further cost savings possible through 2015, due to restructuring of work
processes and impact of weakening colombian peso
* Q2 loss per share $0.72
* Q2 earnings per share view $-0.47, revenue view $759.4 million -- Thomson
Reuters I/B/E/S
* Says expect to close the sale of remaining equity interest in pacific
midstream during the third quarter
* Source text for Eikon ID:nPn5J7vGG
* Further company coverage PRE.TO