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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

Post by drunk@noonon Nov 14, 2024 5:58pm
96 Views
Post# 36313771

Unfortunately we have another sure-fire flop big E well to

Unfortunately we have another sure-fire flop big E well to go, before they finallyt get to the large volume of far lower risk foothill wells. Gas is easy to find in Colombia---especially with threeD siesmic. It's cap ex of getting the gas to market that's the problem. And they  have a hudge pipeline runninng right through the play. The inventory is hudge and given time even these b00bs will hit paydirt, and with it we have a 20 dollar plus stock again. Remember nat gas price in colombia is $5 plus, and that's US dollars, or  $6.75 mmcf Cdn,
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