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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 Apr 11, 2024 5:57pm
135 Views
Post# 35984383

Thought they announced this deal before a shareholder

Thought they announced this deal before a shareholderconference call. They had the head of ecopetrol their an everything. This was last year before the first of the failed BIG E (exploration/dry hole program.) What ever happened to the 3rd big E well last year? I know one and two were flops. What happened to big E number three last year? Don't tell, me dry hole.
Would be good if these guys could suceed once in awhile.   3D seismic has been a game changers for the other 5-6 public Colombian O&G companies. Not these guys, though.
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