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CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc.

Parex Resources, Inc. · Jun 15, 2011 · 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. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 1
    Corporate Presentation June 2011
  2. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 2
    Snapshot: a going forward view Parex Summary Pro-forma Pro-forma Pre- Pre- Post- Post- Acquisition Acquisition Acquisition Acquisition Common shares 77.2 108.3 100% Col Avg. Working Interest 50% outstanding (million) (82.7…
  3. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 3
    Acquisition Timeline Nov 2010 Formal launch of Remora Energy sale process Evaluation January 27 Negotiations Bid submitted April 20 Announce Acquisition Due Diligence Launch Bought Deal May 17/31 Close Bought Deal & over…
  4. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 4
    Doubling Down Colombia Acquisition Parex entered an agreement to acquire Partners 50% working interest in four blocks for US255 MM: Funded by CAD302 MM bought deal financing: Subscription receipts CAD217 MM (gross) 31 million…
  5. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 5
    Colombia: a strong base LLA-16 LLA-57 LLA-20 Remora (1) LLA-29 LLA-30 Block LLA-47(2) 20 km Parex Land (50% WI) Parex 2010 Bid Round (100% WI) Oil pools 5 blocks, 594,000 gross acres, operator of LLA-16,LLA-20 &…
  6. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 6
    Colombia: Llanos Play Trends Area of oil-prone Gacheta source rock Kona (1) Western limit 2P: 10.4 mmbo of C5 play 3P: 19.2 mmbo Trinidad 40 mmbo Barquerea 7 mmbo Tocaria 13 mmbo La Flora 9 mmbo Cusiana 625 mmbo La…
  7. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 7
    Exploratory and Development Well Paths Highly deviated exploratory wells Development wells are are designed to penetrate designed to vertically stacked targets penetrate productive zones Depth C5 C5 -10,000 C6 C6 C7…
  8. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 8
    Colombia: Current Activity 1. Kona-1: Producing Mirador LLA-57 2. Kona-2: Producing Gacheta Kona 3. Kona-3: Tested oil in C7;suspended Supremo & plan to sidetrack LLA-16 4. Kona-4: Producing Mirador 5. Kona-6: Testing C7 LLA-20…
  9. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 9
    Kona Field: Mirador Structure A B KONA-1 Norte (water disposal) Fault 3 A B 6 1 C7 2 5 Mirador 4 O/W Une Wells drilled Drilling/Testing 9
  10. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 10
    LLA-16 Overview Summary 157,550 acres (78,775 net) Acquired 320 km2 3D seismic Two major fault trends identified Stacked reservoirs Targeting light oil KONA Carupana Field (Winchester) 1 1.7 MMBO Kona produces 30-37o API oil…
  11. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 11
    Kona Field (March 3) Kona-1, Kona Norte Kona-2 Kona-3, Kona-6 Oil treatment plant Sales oil pipeline & road to oil (capacity 25,000 bfpd) loading facility Kona-4, Kona-5 11
  12. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 12
    Kona Oil Treatment Plant (May 18) 12
  13. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 13
    Kona Oil Terminal (May 20) 13
  14. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 14
    Colombia Operating Netbacks: Price Sensitivity Q1 2011 Sales Price Estimated Operating Netback 95.54/bbl* 120 110 Royalty 6.61 100 Operating Netback /bbl 21.77 90 Transportation 80 4.06 70 Opex 60 50 40 Royalties…
  15. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 15
    Trinidad Testing on Moruga Snowcap-1 well (Feb 2011) 15
  16. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 16
    Trinidad Exploration CENTRAL RANGE BLOCK PAREX 50% W.I. (OPER) NIKO 50% W.I. 1. Extension of Venezuela basin 2. Material exploration potential MORUGA BLOCK 3. Under-explored PAREX 50% W.I. (OPER*) PRIMERA ENERGY 16.2% W.I.…
  17. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 17
    Moruga Block Snowcap-1 tested 580 bopd & 5.4 mmscfd gross Follow-up with appraisals wells Firecrown-1 was deepened to the earning depth & currently testing Herrera target Snowcap Appraisal FC 2 Firecrown Appraisal…
  18. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 18
    Trinidad: 2011 Planned Activity 1. Firecrown-1: stratigraphic well on Moruga Block Drilled, cased & deepened to earning depth; testing 2. Snowcap-1: structural well on Moruga Block Drilled, cased & tested oil & gas 3. Cribo-1…
  19. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 19
    Parex Summary 1. Proven management team Organically built 30,000 bbl/d operation in Argentina over 5 years Monetized Argentina assets and spun out Parex Experienced international operators 2. Balanced portfolio Colombia: near-term…
  20. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 20
    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,…
  21. CAPP OIL & GAS INVESTMENT SYMPOSIUM 2011 – Parex Resources, Inc. – slide 21
    Cautionary Statement This is not an offer to sell or a solicitation of an offer to purchase securities by Parex. Any such offer or solicitation, if any, will only be made by means of Offering Documents of Parex (e.g., prospectus, private…

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