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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 CONSTRUCTIVE_SUBVERSIONon Jan 27, 2013 7:45pm
286 Views
Post# 20896999

RE: RE: great update

RE: RE: great update

That might be a good idea. Im already well in PTA, and I know Parex from a ways back.

The PXT PTA jv blocks should provide heady and high quality production growth for both

companies. Im looking at the debentures here.. Parex has some very respected institutions

involved and they are not caught up in that domestic north american game, of getting a property

finding some oil and then ramping up the debt to unreasonable levels. Netbacks here are excellent

indeed. I find these guys travel a little too much under the radar, as compared to what they have accomplished.

Should be an excellent 2013 going forward.

Bullboard Posts