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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 poneon Jun 15, 2015 9:40pm
105 Views
Post# 23833609

How Close is Parex to Exhausting Reserve Growth?

How Close is Parex to Exhausting Reserve Growth?Parex has been growing reserves so rapidly that it leads me to ask at what point will they run into the absolute limit of the properties they currently own.   They currently have about 66.5K Mboe of 2P Reserves.  If they fully developed all of their current properties what is the maximum that number could get to before they exhaust their growth opportunity?
Bullboard Posts