Skip to main content
Database
A&D / Deals

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Parex to Expand Llanos Position in Colombia

Parex Resources, Inc. Verano Energy Ltd
AnnouncedMay 14, 2014
TypeCorporate
LocationColombia
Announced Date
May 14,2014
Close Date
June 25,2014
Transaction Type
Corporate
Enterprise Value (EV)($MM)
198




Snapshot
Asset/Basin:
{"Llanos Basin"}
TargetZones:
{"Mirador Formation"
Proved Reserves
Subscribe to see

Location
Region
South America

Country
Colombia

Play
Colombia


Production & Reserves
Production
Subscribe to see

Reserves
Subscribe to see


Calculated Metrics( EV/Category)
$/ Flowing
Subscribe to see

Transaction Details:  Subscribe to see

Parex Resources Inc. and Verano Energy Limited have entered into an agreement whereby Parex has agreed to purchase all of the issued and outstanding common shares of Verano, a private oil company with operations in Colombia for a total net consideration of CAD$198 million or CAD$1.25 per Verano share, pursuant to a plan of arrangement under the Business Corporations Act (Alberta).

The Transaction consolidates the Company's core Southern Llanos area by acquiring additional working interests in Blocks LLA-32, LLA-34, and in LLA-17, where significant exploration and appraisal success has been…


Source : Subscribe to see

South America Deal Activity In Last 12 Months


Other South America Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-02-2026 - - Click here   E&P
Sep-09-2020 - - Click here   E&P
Jan-31-2020 - - Click here   E&P
Dec-27-2019 - - Click here   E&P
Nov-15-2019 - - Click here   E&P

Price History


Date Deal Headline Price$/acre
Nov-15-2019 GeoPark Acquires Amerisur Resources for $312 Million in Cash - -
Jan-15-2016 Gran Tierra to Acquire Putumayo E&P PetroGranada Ltd. - -
Nov-13-2015 Gran Tierra Seals Acquisition of Colombia-Focused Petroamerica - -