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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 Jan 30, 2011 6:32pm
445 Views
Post# 18047822

RE: RE: RE: New Presentation - Jan 18 2011

RE: RE: RE: New Presentation - Jan 18 2011CZE is the cream of the Colombian crop due to strong cash flow/production and significant exploration leverage imo.
But PXT isn't far behind, as they also have a lot of drilling that could significantly move the needle.
I own both and don't plan to sell anytime soon - both would have to be very unlucky with the drill bit this year not to see meaningful exploration success considering the very high historical exploration success rate in Colombia in the past few years (~75% range).
Bullboard Posts