Parex Resources Inc. is pleased to announce its financial and operating results for the year and the three months ended December 31, 2019. All amounts herein are in United States dollars unless otherwise stated. Please note that Parex will hold a conference call on Wednesday, March 11, 2020 beginning at 9:30 AM Mountain Time to discuss the 2019 year-end and fourth quarter results. 2019 Financial and Operational Highlights [...]
Parex Resources Inc. is pleased to announce the results of its annual independent reserves assessment as at December 31, 2019 and to provide an operational update. The financial and operational information contained below is based on the Company’s unaudited expected results for the year ended December 31, 2019. All currency amounts are in United States dollars, unless otherwise stated. 2019 Year-End Corporate [...]
Parex Resources Inc. announced today that the Toronto Stock Exchange has approved the Company commencing a normal course issuer bid . Pursuant to the Bid, Parex will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 13,986,994 common shares of the Company. The Bid will commence on December 23, 2019 and will terminate on December 22, 2020 or such earlier time as the Bid is [...]
Parex Resources Inc. , a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update. Azogue : The Azogue-1 exploration well was drilled to a total depth of 12,125 feet. Based on the Company’s evaluation of logging results, potential hydrocarbon bearing reservoirs were encountered in the Une, Guadalupe and Mirador reservoirs. The Une reservoir is [...]
Parex Resources Inc. , a company focused on Colombian oil exploration and production, announces its unaudited financial and operating results for the three months ended September 30, 2019 . All amounts herein are in United States Dollars unless otherwise stated. Please note Parex will hold a conference call on Thursday, November 7, 2019 beginning at 9:30 am Mountain Time to discuss the Third Quarter results. 2019 Third [...]
Parex Resources Inc. , a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update. Production: Parex’ Q3 2019 average production is estimated at 53,020 boe/d compared to the Company's Q2 2019 average quarterly production of 52,252 boe/d. We expect Q4 2019 production average to exceed 53,500 boe/d. Share Buy-Backs: On December 21, 2018 Parex [...]
Parex Resources Inc. , a company focused on Colombian oil exploration and production, announces its unaudited financial and operating results for the three months ended June 30, 2019 . All amounts herein are in United States Dollars unless otherwise stated. Please note Parex will hold a conference call on Friday, August 2, 2019 beginning at 9:30 am Mountain Time to discuss the Second Quarter results. 2019 Second Quarter [...]
Parex Resources Inc. , a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update. Colombia Bid Round: Parex participated in the June 2019 Agencia Nacional de Hidrocarburos Permanent Process for the Assignment of Areas bid round and has been awarded two blocks: Block Gross Acres Operator Working Interest Base Royalty plus X-Factor LLA-94 89,175 Parex [...]
Parex Resources Inc. , a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update, highlighted by the testing of the Capachos Block Andina Norte-1 well in the Guadalupe Formation. Capachos : Parex, as the operator drilled the Andina Norte-1 exploration well to a total depth of 18,852 feet and encountered oil bearing reservoirs in the Une and [...]
Parex Resources Inc. , a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production is pleased to announce that on May 8, 2019 it held its annual general meeting of shareholders and all matters presented for approval have been fully authorized and approved. At the Meeting, shareholders approved the election of ten nominees as directors of Parex to serve until the next annual meeting [...]
Parex Resources Inc. , a company focused on Colombian oil exploration and production, announces its unaudited financial and operating results for the three months ended March 31, 2019 . All amounts herein are in United States dollars unless otherwise stated. Please note Parex will not hold a conference call to discuss First Quarter results. In lieu, the Company invites stakeholders to attend its Annual General and Special [...]
Parex Resources Inc. , a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update, highlighted by surpassing the production milestone of 50,000 barrels of oil equivalent per day . Production: Parex’ Q1 2019 average production is estimated at 51,200 boe/d compared to the Company's Q4 2018 average quarterly production of 49,300 boe/d. We expect [...]
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