Parex Resources

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Latest Parex Resources News

Parex Resources announces Kitaro light oil discovery with 2,385 bopd test
  • Kitaro-1 was spud on April 16, 2012 and was drilled to a target depth of 10,800 feet.
  • The Malawi-1 well located immediately south of the Sulawesi field was spud on May 1, 2012 and is approaching its target depth of approximately 13,100 feet in the Une Formation.
  • Average production to date for May 2012 was approximately 10,500 bopd.
Wednesday, May 23, 2012

Petroamerica announces first oil production from the Las Maracas discovery
  • The well is currently producing under short-term test prior to the commissioning of the Long-Term Test Facility, which is expected for 15 May 2012.
Friday, May 04, 2012

Parex Resources announces 2011 year-end reserves and provides operational update
  • Proved reserve growth of 363 percent, increasing from 1.1 million barrels of light oil to 4.9 million barrels of light oil.
  • Proved plus probable reserve growth of 83 percent, increasing from 5.9 million barrels of light oil to 10.7 million barrels of light oil.
  • Proved plus probable reserve growth per share of 18 percent on a debt adjusted share basis.
  • Proved plus probable net present value growth of 42 percent per debt adjusted share before tax, discounted at 10 percent.
Thursday, February 16, 2012

Petroamerica To Farm-out 50% Interest In The Los Ocarros Block
  • Farm-out involves 50% working interest in the Los Ocarros block for Parex Resources
  • Petroamerica and Parex to fund drilling a sidetrack well to the Las Maracas-2 exploration well
Wednesday, July 06, 2011

Parex Resources Announces Accretive Acquisition of Llanos Basin Blocks in Colombia
Parex Resources Inc., an oil focused exploration and production company with operations in Colombia and Trinidad, announces it has entered into a definitive agreement to acquire a company which will h
Wednesday, April 20, 2011

Parex Resources' Kona-2 Well Tests 2,634 BOPD in the Gacheta Formation
Parex Resources Inc. an oil focused exploration and production company with operations in Colombia and Trinidad, is pleased to provide an update on the initial test results of the Company's Kona-2 wel
Tuesday, April 19, 2011

Parex Announces Preliminary 2011 Outlook
Parex Resources is currently finalizing its 2011 capital expenditure and operating plans. At this time and, subject to regulatory and partner approvals, and future drilling results, Parex expects to d
Wednesday, October 20, 2010

Parex Resources Announces Successful Kona-2 Preliminary Drilling Results
Parex Resources Inc. announces preliminary results for the Kona-2 well drilled on Block-LLA 16 in the Llanos basin in Colombia. Parex also provides an update on the exploration drilling program in Col
Wednesday, October 20, 2010

Parex Resources Successfully Tests Colombian Kona-1 Well
Parex Resources Inc. provide an update of the Company's drilling activity in Colombia and in Trinidad, highlighted by successful test results from their Colombian Llanos Basin Kona-1 oil well and the
Wednesday, July 21, 2010

Parex Reports Positive Colombia and Trinidad Exploration Drilling Results
Parex Resources Inc. provide an exploration update for the Company's drilling activity in Colombia and in Trinidad. Colombia Exploration Update Parex's first well in its Central Llanos exploration p
Tuesday, June 15, 2010


Parex Resources Who's Who

Wayne K. Foo
President and CEO
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Barry B. Larson
Vice President Operations and Chief Operating Officer
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Kenneth G. Pinsky
Vice President Finance and Chief Financial Officer
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David R. Taylor
Vice President, Exploration & Business Development
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Parex Resources Offices

Canada
Head Office
Parex Resources Inc.
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Colombia
Parex Resources Colombia Ltd.
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Trinidad and Tobago
Parex Resources (Trinidad) Ltd.
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