Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

Parex Resources Inc. is a Canada-based independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company is engaged in the business of the exploration, development, production and marketing of oil and natural gas in Colombia. The Company is focused on development in two main basins: Llanos and Magdalena. All of the Company's oil production and 87% of the oil, natural gas and natural gas liquids (NGL) proved plus probable reserves are located in the Llanos Basin of Colombia with the remaining oil reserves and production located in the Magdalena Basin of Colombia.


TSX:PXT - Post by User

Bullboard Posts
Comment by CalifDreamingon Nov 24, 2010 5:40pm
365 Views
Post# 17753632

Excellent guidance

Excellent guidanceGotta love that guidance of 7-9K bpd exit '11.   They must really like what they see...
And that's without any contribution from Trinidad, or presumably, any new discoveries in Colombia.
With 7-9K, they are self funding for $100-120+MM capex campaigns which effectively means no more dilution.
Gotta like that they are already planning to expand oil treatment facilities to 10K bpd for Kona - I guess that's where they expect most of the production to come from.  
A year from now, PXT could easily be a double...
Bullboard Posts