Reserves
Parex Resources Ups 2P Reserves to 82 MMBOE
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Parex Resources Inc. reported the results of its annual independent reserves assessment as at December 31, 2015. The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2015.
All currency amounts are in United States dollars unless otherwise stated.
2015 Year-End Corporate Reserves Report & Operational Highlights:
Proved plus probable reserves increased by 19 percent year-over-year; net 2P reserves grew from 68.4 million barrels of oil equivalent at December 31, 2014 to 81.7 MMboe at December 31, 2015 (98% oil); Underpinned by strong reserves growth and superior capital efficiencies, for 2015 Parex achieved 2P finding & development costs of USD$0.99/boe and 2P finding, development & acquisition costs…- ✓ Full news archive — U.S., Canada & international coverage
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