Frontera Energy announced the successful completion of the previously announced plan of arrangement pursuant to which Parex Resources through its wholly-owned subsidiary Parex AcquisitionCo Inc. has acquired 100% of Frontera International Holdings, which holds all of Frontera's Colombian exploration and production assets, its reverse osmosis water treatment facility and its palm oil plantation for aggregate consideration [...]
Parex Resources Inc. is pleased to announce the successful closing of its previously announced acquisition of all the Colombian exploration and production assets of Frontera Energy Corp.. Pursuant to the transaction, Parex acquired 100% of Frontera Petroleum International Holdings B.V. for cash consideration of US$500 million, funded with the proceeds from Parex's recent issuance of senior unsecured notes, and the [...]
Parex Resources Inc. is pleased to announce that on May 12, 2026, it held its annual general and special meeting of shareholders and all matters presented have been fully authorized and approved. At the Meeting, shareholders approved the election of nine nominees as directors of Parex, to serve until the next annual meeting of shareholders or until their successors are elected or appointed. The results of the ballot were [...]
Parex Resources is pleased to announce that the Company is poised to become Colombia's largest independent oil and gas producer and to provide new corporate guidance. Additionally, the Company reports its financial and operating results for the three-month period ended March 31, 2026, and the declaration of its Q2 2026 regular dividend of C$0.385 per share. "Over the first half of 2026, Parex executed a series of [...]
Parex Resources Inc. is pleased to announce that it has agreed to issue US$500 million aggregate principal amount of senior unsecured notes due 2031 in a private placement offering . The Notes were priced at par and will bear interest at a rate of 8.50% per annum and mature on May 11, 2031. The closing of the Offering is subject to customary closing conditions and is expected to close on May 11, 2026. The net proceeds of [...]
Frontera Energy announced it has obtained a final order from the Supreme Court of BC approving the previously announced plan of arrangement pursuant to whichParex Resources, through its wholly-owned subsidiary, Parex AcquisitionCo, will acquire all of Frontera's Colombian upstream business consisting of Frontera's oil and gas exploration and production assets in Colombia, its reverse osmosis water treatment facility and [...]
Parex Resources Inc. is pleased to provide an update on the previously announced Frontera acquisition, pursuant to which Parex would acquire 100% of Frontera Petroleum International Holdings B.V. , for upfront cash consideration of US$500 million, the assumption of US$225 million of net debt, and a contingent payment of US$25 million . On April 30, 2026, a Special Meeting of Shareholders of Frontera Energy Corp. was held [...]
Parex Resources Inc. and its strategic partner Ecopetrol S.A. , are pleased to announce that they have executed an agreement whereby Parex expects to earn a 50% participating share in the Casabe and Llanito blocks in the Magdalena Basin of Colombia, in exchange for a commitment to invest a gross capital program of $250 million over five years. All amounts herein are in United States Dollars unless otherwise stated. Key [...]
Frontera's Shareholders Voted to Approve Arrangement with Parex and Return of Capital Arrangement Anticipated to be Completed in the Second Quarter of 2026 Transaction Positions Frontera as a Standalone Infrastructure Company Frontera Energy Corp. announced today that shareholders voted to approve its previously announced plan of arrangement pursuant to which Parex Resources Inc. , through its wholly-owned subsidiary [...]
Parex Resources Inc. is pleased to announce select, preliminary results for the three-month period ended March 31, 2026, based on information currently available to Management. The Company is providing this information to ensure fair and transparent disclosure to all parties ahead of a proposed debt financing in connection with its acquisition of Frontera Energy's Colombian E&P assets , as previously announced on March [...]
Investors are encouraged to register for EnerCom Denver - The Energy Investment Conference featuring a broad group of public and private energy companies Sponsorship opportunities are available for companies seeking to increase their market presence EnerCom, Inc. today announced that registration is now open for its 31st annual EnerCom Denver - The Energy Investment Conference to be held August 17-19, 2026, at the Westin [...]
Parex Resources Inc. announces a production update as well as plans to release its Q1 2026 financial & operating results and hold its Annual General & Special Meeting of Shareholders on Tuesday, May 12, 2026. Additionally, the Company announces it is withdrawing its six director nominees from GeoPark Limited's upcoming 2026 Annual Meeting of Shareholders. Q1 2026 Production Update Q1 2026 average production was 44,735 [...]
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