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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
Post by CalifDreamingon Apr 21, 2011 3:08am
594 Views
Post# 18467008

Very nice deal.

Very nice deal.Very accretive.  Double exit production with only modest increase in capex.  And with the recent Gacheta success, could be very tasty.  Really smart move.  But puts a cap on the shares until the deal closes in a few months.  Will be adding selectively over the next few months at the $7 level...
Bullboard Posts