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Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

Energy Oil & Gas E&P
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

Parex Resources Inc > New Press Release - Parex Resources Announces Enhanced Strategic Partnership with Ecopetrol and Provides Operational Update
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Comment by CrazyTraderon Dec 11, 2024 9:26am
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Post# 36356307

RE:RE:RE:New Press Release - Parex Resources Announces Enhanced Strategic Partnership with Ecopetrol and Provides Operational Update

RE:RE:RE:New Press Release - Parex Resources Announces Enhanced Strategic Partnership with Ecopetrol and Provides Operational UpdateJoeBravo1 said ....."Parex could have provided more details, but maybe they need to do more analysis first. "

Company knows more than they are telling us.   They already decided, done the analysis, they decided to abandon the well.     $35 million spent and we don't know if there is GAS/Oil or not.   

Is this common?   To get all the way to just before the taget zone and then stop?

If cement filled the well hole, couldn't it be drilled out?   It's fresh, should be soft.... softer than rock for sure.

Anyways, as you can tell, I know nothing about oil wells.  


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