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Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

Energy Oil & Gas E&P
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

Parex Resources Inc
Bullboard Posts
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Post by CalifDreamingon Feb 17, 2011 4:30am
459 Views
Post# 18148533

New presentation

New presentationhttps://www.parexresources.com/images/stories/pdf/Presentation/2011/feb%20update%202011.pdf
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Worth reading. I particularly like the Kona details. 6 development wells this year. Still have to test the Gacheta and C7 zones. K2 is testing the Gacheta now. K3 near TD. Note that they bypassed the Mirador in K2 (which has thicker pay than K1) to get a test on the other zones - shows how interested they are in finding out potential in the other zones...
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K1 - performing better than expectations with very low water cut. One wonders why they just decided to boost CPF expansion from 10K to 25K bfpd - could it be the 6 Kona development wells this year perhaps?
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Goroka testing now. Kopi waiting on testing. Supremo updip appraisal coming. Java and Cumbre locations being built. Trinidad appraisal and exploration for the rest of the year. 2-3 rigs running in Colombia plus 1 service rig.
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So much activity - really nice potential. Holding my shares tight.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities