Parex Resources Inc.

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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 8,621,348 common shares of the Company . The Bid will commence on January 22, 2025, and will terminate on January 21, 2026, or such earlier time as the Bid is [...]

Parex Resources Inc. is pleased to publish its 2025 guidance, announce that its syndicated credit facility has been increased, as well as provide its Q4 2024 average production. All amounts herein are in United States Dollars unless otherwise stated. Key Highlights Targeting FY 2025 average production of 45,000 boe/d and capital expenditures of $300 million. Forecast FY 2025 funds flow provided by operations of $445 [...]

Parex Resources Inc. and its strategic partner Ecopetrol S.A. , are pleased to announce that they have executed agreements whereby Parex will earn a 50% working interest in four blocks located in the Putumayo Basin of Colombia as well as the Farallones Block in the Llanos Foothills of Colombia . Additionally, the Company provides an operational update and reports that it is abandoning the Arantes exploration well at [...]

Parex Resources Inc. is pleased to announce its financial and operating results for the three-month period ended September 30, 2024, the declaration of its Q4 2024 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in United States Dollars unless otherwise stated. "Following lower than expected results, Management is focused on driving production efficiency and optimizing [...]

Parex Resources Inc. announces a production update as well as its plan to release its Q3 2024 financial and operating results on Tuesday, November 5, 2024. Q3 2024 Production Update Q3 2024 average production was 47,569 boe/d. Average production was in line with the most recent production guidance. September 2024 production was supported by a new well at Capachos. Parex's production guidance incorporates a range of [...]

Parex Resources Inc. provides an update on its current operations, corporate guidance, outlook, and announces Sanjay Bishnoi's departure as Chief Financial Officer to pursue another opportunity. All amounts herein are in United States Dollars unless otherwise stated. Guidance Update Primarily Based on Arauca Underperformance - Return of Capital Focus Unchanged Regular Dividend Underpinned by Base Assets and Excess Free [...]

Parex Resources Inc. is pleased to announce its financial and operating results for the three-month period ended June 30, 2024, the declaration of its Q3 2024 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in United States Dollars unless otherwise stated. "In the first half of 2024, we enhanced our free funds flow profile by roughly 80% year-over-year compared to 2023 [...]

Parex Resources Inc. is pleased to announce that on May 9, 2024, 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 the [...]

Parex Resources Inc. is pleased to announce its financial and operating results for the three-month period ended March 31, 2024, and the declaration of its increased Q2 2024 regular dividend of C$0.385 per share. All amounts herein are in United States Dollars unless otherwise stated. "This year, we have made significant progress in executing our strategy and building operational momentum," commented Imad Mohsen [...]