Pacific Exploration & Production Corp. announced the retirement of Mr. José Francisco Arata as President and director of the company effective immediately. Mr. Ronald Pantin will be taking over the responsibilities of President in addition to his present responsibilities as Chief Executive Officer.

The company announced the appointment of Ms. Mónica De Greiff as an independent director to the Board of Directors effective immediately and subject to applicable regulatory approvals. Ms. De Greiff is an attorney specializing in administrative law and has more than twenty years of experience. She is currently the president of the Bogotá Chamber of Commerce and her past experience includes being President of Grupo Energía de Bogotá (Energy Group of Bogota) and Vice-President, Legal and Public Affairs of Shell Colombia.

Ms. De Greiff has also had a distinguished political career in Colombia, having served as Minister of Mines and Energy and later serving as Minister of Justice.