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Parex Resources Inc.

TSX:PXTLive AI agent

Parex is a Colombia-focused oil and gas producer, responsibly developing the resources needed to fuel social and economic development.

Investor website: https://parexresources.com/

About

Parex is a Colombia-focused oil and gas producer, responsibly developing the resources needed to fuel social and economic development. The company leverages industry-proven technology to deliver reliable energy while targeting best-in-class shareholder returns and partnering with community stakeholders for long-term local benefits. Parex is committed to leading governance and environmental standards and engaging local communities to build a reputation as an operator of choice for current and future projects.

Verified company data

Shares outstanding
120,555,447
Projects
["VIM-1\nMagdalena\nContinuing gas development with ongoing drilling and exploration activities, alongside expansion of the gas sales strategy\n100% working interest","Casabe & Llanito\nMagdalena\nWith low upfront capital for near-term production, focused on the implementation and optimization of secondary and enhanced oil recovery methods\n50% working interest; partnered with Ecopetrol","Capachos\nLlanos\nLeveraging multi-zone potential in an area that has superior reservoir quality and attractive royalty structure\n50% working interest; partnership with Ecopetrol","Foothills Trend\nLlanos\nExploring for gas and liquids in a world-class resource trend; well-positioned with best-in-class prospects, strategic infrastructure, and an attractive gas market\n50% working interest; partnership with Ecopetrol","Cabrestero\nLlanos\nWith technology investments complete, focused on the maintenance of the water & polymer flood to maximize recovery factor, minimize decline rate, and generate strong free cash flow\n100% working interest","LLA-34\nLlanos\nFocused on optimization, waterflooding, and polymer injection to maximize recovery factor, minimize decline rate, and generate strong free cash flow\n55% working interest; GeoPark holds the remaining working interest","Quifa\nLlanos\nSizable, long-term heavy crude asset, where enhanced oil recovery experience is expected to be leveraged\n60% working interest; Ecopetrol holds the remaining working interest","CPE-6\nLlanos\nHeavy crude oil asset, with expansion opportunities with technology implementation under evaluation\n100% working interest","Guatiquia\nLlanos\nMedium crude oil asset, which is a strategic asset near proximity of core Southern Llanos production\n100% working interest","Putumayo\nOrito, Area Sur, Occidente and Nororiente Blocks\nSizable and underexploited area where proven technology strategy can be utilized to increase production, enhance recovery, and add reserves\n50% working interest; partnership with Ecopetrol"]
Leadership
Imad Mohsen (President & CEO), Daniel Ferreiro (President & Country Manager Parex Resources Colombia), Cameron Grainger (Chief Financial Officer), Eric Furlan (Chief Operating Officer), Mike Kruchten (Sr. Vice President, Capital Markets & Corporate Planning), Josh Share (Sr. Vice President, Corporate Services), Katie Bernard (Sr. Vice President, New Ventures)

Verified data last updated:

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