Parex Resources Inc.

Parex Resources Inc. and its strategic partner Ecopetrol S.A. , are pleased to announce that they have entered into definitive agreements to consolidate their position along the Llanos Foothills trend in alignment with current Colombian government objectives to secure gas supply and support energy transition initiatives. Parex and Ecopetrol are now strategically positioned with eight blocks, along with the creation of a [...]

Parex Resources Inc. is pleased to announce its financial and operating results for the three- and twelve-month periods ended December 31, 2023, as well as the results of its independent reserves assessment as at December 31, 2023. Additionally, the Company announces that it has resumed full operations at its Capachos and Arauca Blocks in the Northern Llanos, as well as the declaration of its Q1 2024 regular dividend of [...]

Parex Resources Inc. provides an update on its Northern Llanos operations, which are being affected by ongoing social protests in the region that began on January 22, 2024. The Company also announces that it will release its Q4 2023 and FY 2023 financial and operating results, as well as its independent reserves assessment as at December 31, 2023, after markets close on Thursday, February 29, 2024. Ongoing Social Protests [...]

Parex Resources Inc. is pleased to announce that the Toronto Stock Exchange has approved the Company commencing a normal course issuer bid . Pursuant to the Bid, Parex will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 10,198,838 common shares of the Company . The Bid will commence on January 22, 2024 and will terminate on January 21, 2025 or such earlier time as the Bid is [...]

Parex Resources Inc. is pleased to publish its 2024 budget alongside an updated three-year outlook, announce positive test results at its Arauca-8 exploration well , and provide its estimated 2023 full-year and fourth quarter average production. All amounts herein are in United States Dollars unless otherwise stated. Key Highlights Targeting FY 2024 average production of 57,000 boe/d, which is forecast to be 5 [...]

Parex Resources Inc. is pleased to announce its financial and operating results for the three-month period ended September 30, 2023, and the declaration of its Q4 2023 regular dividend of C$0.375 per share. All amounts herein are in United States Dollars unless otherwise stated. "With our inaugural well in Arauca, I take pride in our team's remarkable achievement in drilling the deepest onshore well in Colombia's history [...]

Parex Resources Inc. is pleased to announce the appointment of Sanjay Bishnoi to Chief Financial Officer, effective October 2, 2023. "We are excited to welcome Sanjay to the Parex team," said Imad Mohsen, President & Chief Executive Officer. "Bringing an extensive international background in strategy, corporate finance and executive leadership, he has demonstrated a track record of enhancing shareholder value through an [...]

Parex Resources Inc. is pleased to announce its financial and operating results for the three-month period ended June 30, 2023, and the declaration of its Q3 2023 regular dividend of C$0.375 per share. Parex also announces an operational and guidance update. All amounts herein are in United States Dollars unless otherwise stated. Key Highlights Generated Q2 2023 funds flow provided by operations of $155 million and FFO [...]

Parex Resources Inc. reports that with testing completed, it has abandoned the Chirimoya exploration well at VIM-43 . As previously announced, Parex reached the Chirimoya exploration wells' target depth of approximately 17,500 feet. Following open hole evaluation, including logging operations, the Company made the decision to case and test the well. All three prospective zones were evaluated and confirmed that the [...]

Parex Resources Inc. is pleased to announce that on May 11, 2023, that it held its annual general and special meeting of shareholders and all matters presented for approval 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 [...]