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MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc.

Parex Resources, Inc. · Mar 7, 2012 · 19 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. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 1
    Corporate Presentation March 2012
  2. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 2
    Snapshot Parex Summary 108.3 Market Capitalization C750 MM Common shares outstanding (CAD at 7.00/share) (125.0 FD1) (million) Operating Netback Q4 71/bbl Oil Sales Price Q4 102/bbl (December 31, 2011 - unaudited) (December…
  3. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 3
    Parex Journey: Annual Themes 2009: Spin out Parex 2010: Find Oil Kona Discovery 2011: Grow Production & Cash Flow Acquire 50% WI Partner 2012: Deliver on Exploration & Sustainability Operating 5 drilling rigs TSX: PXT 3
  4. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 4
    First Half 2012 Catalysts Prospect Block Status/Timing 1 Kona-14 LLA-16 Spud late Mid March 2012 2 Kona-15 & 16 LLA-16 Kona-15 drilling & Kona-16 spud early Q2 2012 3 Java-1 LLA-16 Drilling. Spud Feb 26/12 4 Merida-1 LLA-16 Testing…
  5. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 5
    2012 Budget: Exploration Focused 1. Wells planned 25-35 gross Colombia 20-25 Trinidad 5-10 2. Capex 230-275 MM Drilling 195-225 MM 3. Exit rate production 17,000 bopd 2012 Trinidad Drilling Program Moruga CRB Shallow CRB Deep…
  6. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 6
    Colombia: a focused base LLA-16 Trinidad Los Ocarros LLA-57 Tocaria LLA-20 Cubiro Cusiana & Rancho Cupiagua Hermoso La GloriaEl Eden Cravoviejo LLA-29 LLA-30 Balay Corcel Meta River Caracare Quifa Rubiales 20…
  7. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 7
    Colombia: Llanos Play Trends Kona C3/C5 play 34 API H1 2012 Colombia Trinidad 1 2 Catalysts 3 41 mmbo 32 API 1. Kona-14 5 4 6 Tocaria 2. Kona-15 & 16 13 mmbo Barquerea 7 33 API 7 mmbo 3. Java-1 33 API La Flora Cubiro…
  8. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 8
    Kona Field: Four Productive Formations Mirador Structure Kona Field Norte Stacked reservoirs: C7, Mirador, Gacheta & Une Producing light oil 34o API 14 Drilling delineation wells to test northern 3 (Kona-14) and southern limits…
  9. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 9
    Kona Field: Drilling & Oil Treatment Plant TSX: PXT 9
  10. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 10
    Kona Oil Terminal Marketing Strategy Produce light oil Minimize infrastructure capital Sell into multiple off take points Current sales contracts are Brent reference priced TSX: PXT 10
  11. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 11
    LLA-16 & Los Ocarros LLA-16 (100% WI) Focus on fault trends Stacked reservoirs: C7, Mirador, Gacheta & Une Producing light oil 30-37o API 2012 Activity: 8-10 wells Development/Appraisal - Kona & Sulawesi Exploration Java &…
  12. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 12
    El Eden El Eden (60% WI) (1) Fulfill El Eden farm-in commitment for 1 well (16,000 ft) Interpret 685 km2 of 3D seismic for additional prospects Ramiriqui Entered into agreement with Talisman to purchase its 25% interest,…
  13. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 13
    LLA-20, LLA-57, LLA-29 & LLA-30 Block LLA-20 & LLA-57 (100% WI) Interpret 556 km2 of new & existing 3D seismic Drill 5 work commitment exploration wells Exploration Cumbre to spud late February 2012 Morocoto location built LLA 57…
  14. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 14
    Trinidad Mobilizing Tuscany Rig 110 on Moruga Firecrown location TSX: PXT 14
  15. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 15
    Trinidad Exploration CENTRAL RANGE BLOCK (CRB) Parex 50% W.I. (OPER) 1. Extension of Niko 50% W.I. Caribbean Sea Venezuela basin TRINIDAD 2. Material exploration potential 3. Under-explored MORUGA BLOCK Parex 83.8% W.I.…
  16. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 16
    Trinidad: H1 Catalysts 1. Moruga: Firecrown: stratigraphic well Tabaquite (Nariva) Firecrown-1 drilled to earning depth; well bore conditions prevented comprehensive testing Drilling sidetrack well Tigre 2. Moruga: Green Hermit…
  17. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 17
    Moruga Block (WI 83.8%) Carapal Ridge Field Penal Barrackpore Field Discovered 2001 Discovered 1911 Cum. Production= 23 MMBOEs Cum. Oil = 257 MMBbls (API 29o) Gas and Gas condensate Cum. Gas = 606.2 Bcf Firecrown Green…
  18. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 18
    Summary Colombia Production Growth exit rates: 2010 - 1,100 bopd - actual 2011 - 14,000 bopd - actual 2012 - 17,000 bopd - guidance Active 2012 exploration drilling program over 7 blocks Appraisal and delineation activity ongoing…
  19. MARCH 2012 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 19
    Corporate Information Management Team Board of Directors Corporate Information Wayne Foo Norman McIntyre PricewaterhouseCoopers LLP President, Chief Executive Officer Chairman Auditors Barry Larson Curtis Bartlett Burnet,…

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