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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

Post by drunk@noonon Mar 12, 2023 9:18am
434 Views
Post# 35333232

Share price jump due to big E well. My concern is the lower

Share price jump due to big E well. My concern is the lower zone is a complete unknown, which increases the risk of a disappointment.  Thus high risk, high reward nature of exploration. I wonder what the size of the prize is if only the top two familar zones are productive. Given the aerial extent of the pool, is it a case that even if the top two zones are successful we are talking about 10,000 bopd's plus?
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