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MEXICO CITY /PRNewswire/ -- Sierra Oil & Gas S. de R.L. de C.V.  ("Sierra"), Mexico's first independent exploration and production ("E&P") company, today announces that it has secured equity commitments of US$525 million. Sierra, headquartered in Mexico City, is led by Ivan Sandrea, a highly experienced E&P executive with an extensive track record of leadership in energy organizations including Statoil, BP, OPEC and Energy Intelligence.  Mr. Sandrea has assembled a team of distinguished professionals from the Mexican and international oil & gas sector, representing over 350 years of experience with direct applicability to Mexico's opportunity set.