Parex Resources announces closing of the Cabrestero Block acquisition and recent drilling success. The company also expects that its second quarter 2013 production to be 15,000-15,500 bopd. "This year we've consistently stated that our key goal is to demonstrate the sustainability of our business. So far in 2013 we've had two significant discoveries, two material field extensions and continued strong performance on our [...]
Parex is pleased to announce that on May 22, 2013 it held its annual general and special meeting of shareholders in Calgary. A total of approximately 53,356,717 common shares (approximately 49.17% of the outstanding common shares) were represented at the Meeting in person or by proxy. At the Meeting, shareholders approved the election of eight nominees as directors of Parex to serve until the next annual meeting of [...]
Parex Resources is pleased to announce financial and operating results for the three months ended March 31, 2013. An update on current field activities and the Company's drilling schedule are also provided below. All amounts herein are in United States dollars unless otherwise stated.
Parex Resources, is a company focused on oil exploration and production in Colombia and Trinidad. Note that field production and test rates are reported in gross amounts.
Parex announced today that the Toronto Stock Exchange has approved the Company's proposed normal course issuer bid to purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 8,818,165 common shares of the Company. The maximum number of common shares to be purchased pursuant to the Bid represents approximately 10% of the issued and outstanding common shares, which are not held by [...]
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