Pacific Provides Update Regarding the Quifa Block

Pacific Exploration & Production Corp. responded to certain information that is circulating in different media channels regarding the Colombian Constitutional Court rendering a decision regarding the indigenous community consultation process in respect of a portion of the Quifa Field Operations, located in the Puerto Gaitan Municipality, Meta Department in the Llanos Basin in Colombia. The Company wishes to note that it has not yet been formally notified by the relevant judicial authorities of any decision regarding the Quifa Field and, as such, cannot provide comment until it has been provided with, and reviewed, the Court's decision.

However, based strictly on the information that is circulating in the media of which the Company is aware, the Company believes the decision will have no material effect on its Quifa Field Operations. The Company will comment further following a comprehensive review of the Court's decision, once notified.

The Company believes it has complied with all legal and judicial requirements in respect of its Quifa Operations and will comply with any decision of the Colombian Constitutional Court.