Skip to main content Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. | Shale Experts
Loading...
Pm

Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc.

Parex Resources, Inc. · Aug 12, 2011 · 20 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. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 1
    Corporate Presentation 2011 Q2 Update
  2. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 2
    Snapshot: a going forward view Parex Summary Common shares 108.3 50-100% Col Avg. Working Interest outstanding (million) (113.8 FD) 50% T&T Market capitalization C700 MM 2011 Capex ( MM) 140-160 (CAD at 6.50/share) (excl.…
  3. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 3
    Doubling Down Colombia Acquisition Parex acquires Partners 50% working interest in four blocks for US253 MM: Funded by CAD302 MM bought deal financing: Subscription receipts CAD217 MM (gross) 31 million shares 7.00/share…
  4. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 4
    Colombia: a strong base LLA-16 LLA-57 LLA-20 Los Ocarros LLA-29 LLA-30 20 km Parex 2008 Bid Round (100% WI) Oil pools 5 blocks, 594,000 gross acres, operator of all blocks 4
  5. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 5
    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 Remache Norte La Flora 2 mmbo 9 mmbo…
  6. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 6
    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…
  7. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 7
    Colombia: Current Activity 1. Production: 4 Kona wells 7,000 bopd 2. Kona Field: LLA-57 a) Currently Drilling: Kona 1. Kona-3 : sidetracking Mirador 2. Kona-8: Gacheta Sulawesi Supremo Las Maracas-2 b) 2011 Drilling Schedule:…
  8. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 8
    Kona Field: Mirador Structure A B KONA-1 Norte (water disposal) Fault 3 A 9 11 B 6 1 C7 2 10 5 Mirador 4 7 8 O/W Une Wells drilled Drilling/Testing 2011 Planned Wells 8
  9. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 9
    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…
  10. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 10
    Kona Field (March 3) Kona Norte Kona-1, Kona-2 Kona-3 Kona-6 Kona-7 Oil treatment plant Sales oil pipeline & road to oil (capacity 30,000 bfpd) loading facility Kona-4 Kona-5 Kona-8 10
  11. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 11
    Kona Oil Treatment Plant (May 18) 11
  12. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 12
    Kona Oil Terminal (May 20) 12
  13. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 13
    Colombia Operating Netbacks: 2011 Price Sensitivity Q2 2011 Sales Price Estimated Operating Netback 104.67/bbl* 120 110 Royalty 11.67 100 Operating Netback /bbl Transportation 14.06 90 Opex 7.97 80 70 60 Operating…
  14. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 14
    Trinidad Testing on Moruga Snowcap-1 well (Feb 2011) 14
  15. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 15
    Trinidad Exploration CENTRAL RANGE BLOCK PAREX 50% W.I. (OPER) NIKO 50% W.I. 1. Extension of Caribbean Sea Venezuela basin TRINIDAD 2. Material exploration potential MORUGA BLOCK PAREX 50% W.I. (OPER*) 3. Under-explored…
  16. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 16
    Moruga Block Snowcap-1 tested 580 bopd & 5.4 mmscfd gross Follow-up with appraisals wells Firecrown-1 was deepened to the earning depth & suspended to side-track Initiating discussions to import fit for purpose Herrera target…
  17. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 17
    Trinidad: 2011 Planned Activity 1. Snowcap-1: structural well on Moruga Block Drilled, cased & tested oil & gas 2. Firecrown-1: stratigraphic well on Moruga Block Drilled to earning depth; to side-track 3. Cribo-1 Tabaquite (Nariva)…
  18. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 18
    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…
  19. Q2 2011 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,…
  20. Q2 2011 CORPORATE PRESENTATION – Parex Resources, Inc. – slide 20
    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…

From the store

Browse maps, data & reports in the Shale Experts store