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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

Comment by Betteryear2on Jan 15, 2024 7:24pm
218 Views
Post# 35828014

RE: Record Full-Year & Fourth Quarter Production T.PXT

RE: Record Full-Year & Fourth Quarter Production T.PXT“Our plan for the year builds on the work completed in 2023 and is focused on increasing overall cash that can be used to reward shareholders. This will be achieved not only through increasing total production, but also through a reduction in year-over-year capital expenditures and the deployment of inventory from our balance sheet. I am optimistic about the promising outcomes that we have seen at Arauca, which are laying the foundation for further follow-ups in an area where we see significant potential,” commented Imad Mohsen, President & Chief Executive Officer.
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