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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 15, 2024 8:28am
97 Views
Post# 35988947

nat gas is easy to find in colombia, proximity to

nat gas is easy to find in colombia, proximity topipleines aren't. The fact they have a hudge landbase with a pipeline right there with quick lowcost tie-in to a major pipeline is were the value lies. Even more important the price of nat gas is in the $5 mcf range, (see canacol) which is mighty fine netback when it comes to nat gas compared to N.A. 
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