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FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc.

Parex Resources, Inc. · Sep 16, 2013 · 17 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. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 1
    Corporate Presentation September 2013 PAREXRESOURCES.COM TSX: PXT 1
  2. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 2
    Snapshot Operations Q2 2013 Production 15,463 bopd 2013 Guidance 15,000-15,500 bopd Reserves 2P (June 30, 2013) 23.7 1 mmbbl Delivered 47% 2P reserves growth over 2012 year-end Capital Structure Market capitalization at 6/share…
  3. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 3
    Colombia Significant land base (1.76 mm gross acres) Numerous discoveries (15 since 2009) Experienced operator (80 wells drilled) Historical Exploration success rate 50% 3 3
  4. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 4
    Colombia: concentrated land, diversified plays 13 Middle Magdalena Basin Llanos Basin VMM-11 LLA-40 Nare LLA-17 LLA-16 Kona Palagua 1 Cocorna 3 P.P. Velasquez Sulawesi 2 5 LLA-57 Los Ocarros 4 Morpho 9 10 km LLA-20…
  5. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 5
    Building a Sustainable Business Achievements Since Inception Nov 2009 Self funding growth: production + reserves Current production 16,000 bopd Proved + Production Proved + 2P Reserves Probable + Proved MMbbl Probable Life Index…
  6. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 6
    Grow & Diversify Production 18 Current Guidance* 15,000 15,500 bopd FY 16 Las Maracas & Max, Maniceno & Tua LLA-30 Cumbre 14 Bopd (000) by Block LLA-34 Cabrestero 12 LLA-32 Cabrestero 10 Growth in Production & Cash…
  7. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 7
    Production: different plays, different profiles Kona Field (Traditional Llanos) Initial exploration focused on 15 Last well drilled traditional Llanos Basin structures Development Permit High rate & high decline Net Bopd…
  8. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 8
    Parex Exploration Life Cycle Develop Acquire Test Initial Expand Exploitation Concept Land Concept Development Land Traditional LLA-26 3-Ways Cebucan Low Side Closures Cabrestero Stratigraphic Traps Since our AGM, weve…
  9. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 9
    LLA-16 & Los Ocarros : Traditional Exploration Concepts LLA-16 (100% WI) Maragogi LLA-40 Producing light oil 30-37o API from 4 fields Norte Productive reservoirs: C7, Mirador, Gacheta & LLA-16 Une Kona LLA-17 2013 Activity: o…
  10. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 10
    Southern Llanos: Developing New E Concepts Acquired blocks in 2012 to develop concepts Maniceo -Bandola and prove-up in 2013 with discoveries LLA-32 Santiago Cabrestero (100% WI, Operator) Akira- new play type low side closures…
  11. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 11
    LLA-29 & LLA-30: New Operating Area LLA-29 & LLA-30 (100% WI; Operator) LLA-20 LLA-30 New Discoveries Q2 2013: Adalia Adalia 38o API, 1,000 bopd Q413 delineation LLA-29 Viviana Este tested 280 bopd at 18o API Viviana Este…
  12. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 12
    How we operate Best in class CSR Parex is mentioned as the only operator in the region that fulfills its commitments to the environment and communities even with only three years in the country. Parex is the only company to act…
  13. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 13
    Improve Drilling Performance Average Days per Well 2010 - YTD Each year Parex is 70 60 58 raising the 50 Days per well 40 34 benchmark for 30 20 21 13 Wells drilling 15 10 - capabilities: 2010 2011 2012 2013…
  14. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 14
    Colombian Infrastructure: Expanding Capacity Santa Marta Pozos Colorados Cartagena Coveas Ayacucho Bicentenario began operations Sept. 2013 B/Bermeja Cao Limn Vasconia Cusiana Araguaney Porvenir Monterrey Santiago…
  15. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 15
    Operating Netback: Colombia Premium 140 Brent Price /BBL 120 Royalties 9 Realized Price (/boe) Royalties 8 Price 100 Royalties 12 Royalties 8 Opex & Royalties 8 Royalties 8 Royalties 15 Royalties 7 Royalties 8…
  16. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 16
    Whats next Leverage strengths going forward 1. Experienced & committed management team 2. Llanos basin: land, operating capability, and production 3. Successful exploration results and diversified portfolio 4. Colombian…
  17. FIRSTENERGY SOCIETE GENERALE GLOBAL ENERGY CONFERENCE – Parex Resources, Inc. – slide 17
    Appendix Block Summary Operated/Non- Working Initial Royalty Block Partners Gross Acres Basin Operated Interest Rate LLA-16 Operated 100% n.a 157,611 Llanos 9% LLA-17 Operated 40% Geopark & P1 108,726 Llanos 9% LLA-20 Operated 100%…

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