January 9, 2012 / 11:34 PM / in 6 years

UPDATE 1-Pacific Rubiales sees 15-35 pct output growth in 2012

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Jan 9 (Reuters) - Canada’s Pacific Rubiales Energy said it expects production to grow 15 percent to 35 percent in 2012 and set its capital budget for the year at $1.2 billion.

The Toronto-based company said it expects to exit 2011 at the lower end of its guidance of 250-260 millions barrels of oils/day.

Shares of the company, which produces natural gas and heavy crude oil, closed at C$20 on Monday on the Toronto Stock Exchange. (Reporting by Ankur Banerjee in Bangalore; Editing by Supriya Kurane)

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