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2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc.

Parex Resources, Inc. · Sep 20, 2012 · 23 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. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 1
    Compelling Growth Opportunities in Colombia and Trinidad SEPTEMBER 20 12 PAREXRESOURCES.COM TSX: PXT 1
  2. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 2
    Value Proposition Parex Resources strategy is to deliver strong operational performance by combining strategic regional partnerships, technical know- how and experience operating in Latin America. Diverse exploration and resource…
  3. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 3
    Parex Journey 2009 Spin Out Parex 2010 First Oil Discovery at Kona Exploration blocks in Initial (December 20 10 ) production Colombia and Trinidad base provides foundation for growth 2011 Grow Production & Cash Flow 2012…
  4. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 4
    Colombia Concentrated land base Numerous discoveries Diverse opportunities 4
  5. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 5
    Colombia: Llanos Oil Trends Kona 34 API Tocaria 13 mmbo Trinidad 33 API 41mmbo 32 API Barquerea Remache Sur 7 mmbo 3 mmbo 33 API 37 API La Flora 9 mmbo Cusiana La Gloria Norte Cubiro 641mmbo 16 mmbo 40 API Cao Duya La…
  6. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 6
    Colombia: Llanos Activity 2011 Parex Blocks 1. Kona Select Oil Pools 2. Sulawesi LLA- 17 LLA- 40 2012 LLA- 16 Kona 1 3. Java 3 11 Sulawesi 2 LLA- 57 4. Cumbre Los Ocarros 5 4 5. Malawi 12 Trinidad 6. Samaria Cubiro LLA- 20 7.…
  7. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 7
    Development Drilling with Upside Low- risk development drilling Follow- up exploration upside 7
  8. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 8
    LLA- 16 & Los Ocarros LLA- 16 (100% W I) Focus on fault trends Potential reservoirs: C7, Mirador, Gacheta & Une Maragogi LLA Producing light oil 30- 37o API 40 2012 Activity: 8- 10 wells LLA- 16 o Kona, Java & Malawi Kona LLA-…
  9. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 9
    Kona Field: Align and Optimize Kona Field Mirador Structure Stacked reservoirs: C7, Mirador, Gacheta & Une Norte Producing light oil 30 - 37o API Drilling delineation wells to test southern limit (Kona- Sur) Infill development…
  10. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 10
    Emerging Opportunities Southern Llanos provides opportunity to expand Colombian operations Potential to add to existing reserves and production base 10
  11. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 11
    LLA- 29 & LLA- 30 LLA- 29 & LLA- 30 (100% W I) Parex assumed operatorship through partner LLA- 20 acquisition (29/ 06/ 2011) Start exploratory drilling program in 2012/ 2013 dry season Untested at present; 3D seismic defined LLA-…
  12. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 12
    LLA- 40 & 57 LLA- 40 & LLA- 57 (100% W I) LLA- 40 Prospects defined on 3D seismic LLA- 17 Start exploratory drilling program in 2012/ 2013 dry season Celeus Untested at present; 3D seismic defined LLA- 57 Cumbre locations…
  13. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 13
    El Eden & Morpho El Eden (60% W I) (1) Morpho (50% W I) and Guariquies (50% W I) Farm- in commitment for 1well (16,000 ft). Non- operated La Casona was spud Sept 4, 2012 Light oil, low decline Exploration Chiriguaro Este Potential…
  14. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 14
    Southern Llanos Cabrestero (50% W I, Operator) Mirador Formation producing 1,000 Maniceo bopd of 20 o API Akira- exploration prospect, preparing Santiago to test LLA- 32 (30% W I) & LLA 34 (45% W I) Samaria Non- operated Urraca…
  15. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 15
    High Netback Production Marketing Strategy Use light oil production as diluent Minimize infrastructure capital Sell into multiple off take points Operating Netback (per bbl) Q2- 2012 Brent 108.04 Discount (0.50) Realized Sales…
  16. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 16
    Trinidad Extension of Venezuela basin Material exploration potential Under- explored onshore 16
  17. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 17
    Trinidad Exploration CENTRAL RANGE BLOCK (CRB) Parex 50% W .I. (OPER) Niko 50% W .I. Caribbean Sea TRINIDAD MORUGA BLOCK Parex 83.8% W .I. (OPER) VENEZUELA 0 40 El Furrial Kilometers Orinoco Delta Acquiring 2D…
  18. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 18
    Corporate Information 18
  19. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 19
    Snapshot (As of June 30, 2012) Exit rate guidance (2012e) 13,000- 14,000 bopd Production Q2 10,389 bopd Oil sales price Q2 108/ bbl Operating netback Q2 73/ bbl Market capitalization at 5.00/ share C540 MM Common shares…
  20. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 20
    The Team Management Team Board of Directors Wayne Foo Norman McIntyre President, Chief Executive Officer Chairman Barry Larson Curtis Bartlett VP Operations, Chief Operating Officer Ken Pinsky John Bechtold VP Finance, Chief…
  21. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 21
    Growth Catalysts Colombia Light oil, high netback production Active 2012 exploration drilling program over 14 blocks Producing from 9 fields over 6 blocks Trinidad Access to large resource potential Moruga appraisal &…
  22. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 22
    How to Reach Us Parex Resources Inc. 190 0 - 250 Second Street S.W., Calgary, Alberta, Canada T2P 0 C1 Tel: 40 3- 265- 480 0 Fax: 40 3- 265- 8216 Email: investor.relationsparexresources.com www.parexresources.com Michael…
  23. 2012 PETERS AND CO LIMITED ENERGY CONFERENCE – Parex Resources, Inc. – slide 23
    Appendix Remaining Operated/ Non- W orking Gross Initial Royalty Block Commitments (Initial Basin Operated Interest Acres Rate Phase) LLA- 16 Operated 10 0 % 157,611 - Llanos 9% LLA- 17 Operated 40 % 10 8,726 - Llanos 9% LLA- 20…

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