Selling Off Properties?Parex has the unusual quality that it declares 1P reserves faster than it can produce them. At this point the reserve growth is impressive and Parex has had the financial discipline to not produce and explore faster than the limit of its operational cash flow.
My question is why doesn't Parex sell off some of its properties at a premium price, thus producing cash for production. This would bring the ratio of reserves to production into a better balance, while providing the cash required to increase production on the remaining properties.
What are some good reasons Parex should NOT do this?