2009-08-19-2007-08-01-2007-08-01

Production: 18.5 MBO

Consolidated AGX Resources Corp., Vancouver, (Toronto Venture: PEG) has acquired 75% of the shares of Colombia-based Rubiales Holdings Ltd. for an undisclosed price. Consolidated has changed its name to Petro Rubiales Energy Corp. Rubiales Holdings' subsidiary Meta Petroleum Ltd. is an oil and gas operator with assets in the Llanos Basin in Colombia. Meta Petroleum holds interest in three hydrocarbon properties with Colombia-based, state-owned Ecopetrol SA, including the Rubiales, Piriri and Quifa blocks. Production is more than 18,500 gross barrels of oil (5,000 net) per day from its Rubiales and Piriri association contracts.