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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
Comment by Moogulon Feb 09, 2020 12:45pm
142 Views
Post# 30664232

RE:RE:BNN announcement

RE:RE:BNN announcement If I'm not mistaken, I think PXT vented, flared and/or trucked a lot of their associated gas production in the past. This is okay because of the heavier nature of past discoveries which produced far less gas. I don't think they'd get away with flaring or venting that kind of volume lol but I have no idea.. trucking would also be a logistics nightmare. So that leaves building a gas handling system (???) or potentially evauluating a gas re-injection scheme (potentially the best option) but it will take a lot of time.
Bullboard Posts