Skip to main content SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. | Shale Experts
Loading...
Pm

SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc.

Parex Resources, Inc. · Sep 9, 2014 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 1
    Building The Runway September 2014 Corporate Presentation PAREXRESOURCES.COM TSX:PXT
  2. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 2
    Snapshot Financial Q2 2014 Operating Netback US 61.65/bbl July/Aug 2014 Production 25,250 bopd Q2 Funds Flow (Sales 18,502 bopd) US 77 MM Reserves 2P (June 30, 2014) 58 MMboe(1) 2P Reserve Life Index (RLI) of 6.7 years Capital…
  3. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 3
    Colombia Focused Santa Marta Barranquilla Cartagena VIM-1 Significant land base VENEZUELA 2.75 mm gross acres Covenas Working interest in 23 blocks Diversified production base Experienced operator 120 wells drilled PANAMA…
  4. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 4
    Track Record of Consistent Growth Production Growth Debt Adjusted Reserve Growth Debt Adjusted 25,000 Production (bopd) Production per share 200 LHS RHS 100 Possible - LHS 0.80 20,000 160 2P - LHS 80 Reserves (MMboe)…
  5. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 5
    2014 Guidance (updated July 10) 2014 Full Year Average Production 22,100-22,500 bopd Revised 2014 Production Guidance Three months ended Q413 Q114 Q214 Q314 Q414 FY14 17,287 18,427 19,870 24,500 - 25,500 - 22,100 - Average daily…
  6. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 6
    Grow & Diversify Production LLA-16 LLA-20 Los Ocarros Cabrestero LLA-32 LLA-34 LLA-30 Other 27 24 21 Bopd (000) by block 18 15 12 9 6 3 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 est. est. 2010 2011…
  7. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 7
    Building A Sustainable Business Track record of progressing reserves from 3P to cash flow Focus on increasing reserve life index (RLI) & sustainability Proved + Probable 2P Reserves Life After Tax PV10 Proved + Probable Proved +…
  8. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 8
    Progressively Larger Discoveries Median Llanos Kona Las Maracas Akira / Tigana 100 acres 300 acres 300 acres 500 +1000 acres 1. Size 2. Drive Bottom water drive Edge water drive Edge water drive Oil Water Sandstone…
  9. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 9
    Parex Exploration Life Cycle Develop Acquire Test Initial Expand Exploitation Concept Land Concept Development Land Traditional 3-Ways LLA-26, Cebucan Low Side Cabrestero, LLA-34, Closures Verano Acquisition Stratigraphic…
  10. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 10
    Traditional Llanos Structures Characterized by: Parex deep basin knowledge & operational LLA-40 experience LLA-16 Producing light oil 30-37 API from 5 fields Kona LLA-17 LLA-57 Productive reservoirs: C7, Mirador, Sulawesi Celeus…
  11. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 11
    Southern Llanos: Play Trends Cabrestero (100% WI, Operator) Santiago Maniceo -Bandola Akira development drilling; swing producer Balay LLA-32 El Palmar LLA 34 (55% WI, Non-operated) Carmentea Los Trompillos Large discoveries at Tua…
  12. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 12
    Verano Acquisition: Property Summary Santiago Block Parex Verano Maniceo -Bandola PXT WI WI WI Balay LLA-32 El Palmar LLA-17 40% 23% 63% Carmentea Los Trompillos Kananaskis Max LLA-32 30% 40% 70% LLA-34 Tarotaro Tigana…
  13. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 13
    Capachos Farm-in: Ecopetrol Partnership Capachos (50% WI, Operator) Development & exploration opportunities Capachos ANH royalty contract Large structure, light oil, 2 mmbbls produced from 2 wells Leverages our strengths: low cost…
  14. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 14
    Deep Llanos: New Play Concepts Transition Zone Foothills: large oil & gas structures, US 75MM wells Plains: small oil structures, US 5 10MM wells Transition Zone Deep Basin 14,000-17,000 feet Underexplored due to well depths and…
  15. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 15
    Middle Magdalena Basin: New Play Concepts VMM-9 & VMM-11 (100% WI, Operator) Middle Magdalena Basin Testing of new play concepts: Cold heavy oil production (CHOPS) Conventional structure/sub-thrust VMM-9 La Luna unconventional sand…
  16. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 16
    New Play Type: Stratigraphic/Channels LLA-30 (100% WI, Operator) LLA-20 New Discoveries 2013: Adalia-1 38 API at 1,000 bopd LLA-24 Adalia-2 waiting on completion Adalia-3 initial test of 38 API at 1,000 bopd Adalia LLA-29…
  17. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 17
    Operating Netback: Colombia Premium Operating Opex & Royalties Brent Price Netback Transportation US /BBL 140 120 9 Price Realized Price (US /bbl) 8 8 8 15 100 12 8 14 26 12 14 15 Royalties 7 8 14 26 29 29 80 22 23 27…
  18. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 18
    Parex Value Proposition Proven Managements track record Self-funded growth Exposure to Brent Oil Pricing LATAM exposure 2014: Building The Runway 18
  19. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 19
    Expanding Capacity Colombian Throughput vs. Pipeline Capacity* (mbd) 2500 2,020 2000 1500 1,472 1,377 1,446 1,287 1,133 988 1000 500 Growth Opportunity 0 2010 2011 2012 2013 2014 2015 2016 Fuel Oil Diluent…
  20. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 20
    Appendix Block Summary Operated/ Block Working Interest Partners Gross Acres Basin Non-Operated LLA-10 Operated 45% Petro America & Petromont 189,544 Llanos LLA-16 Operated 100% N/A 157,611 Llanos LLA-17 Operated 63% Geopark 108,726…
  21. SEPTEMBER 2014 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 21
    Appendix Summary of Quarterly Results (Unaudited) (millions of US dollars, except per share amounts) 2014 2013 2012 Q2 Q1 FY Q4 Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 OPERATING Average realized prices, prior to hedging 105 103 104 102 106 99 110…

From the store

Browse maps, data & reports in the Shale Experts store