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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.


TSX:PXT - Post by User

Bullboard Posts
Post by vinny01on Oct 15, 2014 8:11pm
199 Views
Post# 23032126

Parex beats guidance!

Parex beats guidance!Q3 guidance of 24.500 - 25,000 has been beaten. Parex oil production was 25,175 barrels of oil per day, 26% higher than Q2.     For Q4,  6,000 bopd hedged at $103.      2015 maintainance capital of 150 million paid for with 300million in cash flow at $85 Brent oil pricing.  For Sept 30th working capital is in excess of bank debt.....The company has no debt...............The bleeding may stop here.
Bullboard Posts