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September 2016 Corporate Presentation – Parex Resources, Inc.

Parex Resources, Inc. · Sep 1, 2016 · 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. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 1
    Sustained Performance Expanding Potential www.parexresources.com TSX:PXT Corporate Presentation September 2016
  2. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 2
    Demonstrating Portfolio Flexibility OPERATING RESULTS 2015A 2016E Production (bopd) Full Year 27,434 29,136 (Q216A) Capital Expenditures(1) (million) US 126 US 110-120 Exploration Drilling ( of prospects) 5 8 Appraisal ( wells) 4 8…
  3. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 3
    2016 Capital Expenditure Guidance Capex Wells USD Million (gross) January June (H1 2016) 18 2 July December (H2 2016) 92 - 102 18 Total 110 120 20 The H2 2016 drilling program includes: 7 Exploration wells 5 Appraisal/development…
  4. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 4
    Consistent Growth 30 Average Daily Production (Mbopd) 27 Sustained 24 Performance, Expanding 21 Leveraging Potential Portfolio 18 Building Flexibility 15 The Runway 12 Sustainability 9 Exploration 6 Success 3 0 2012…
  5. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 5
    Parex Cash Netbacks Brent Price USD/Bbl Royalties Transportation Opex G&A Tax Finance & Other Cash Netback 125 2016 TARGET NETBACKS 100 Realized Price (US /bbl) 75 Brent Price Estimates 55 50 Q2 Brent 45 47/bbl 40…
  6. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 6
    Annual Finding, Development & Acquisition Costs* Total Company 2015 3 Year PDP 1P 2P 2P F&D /bbl 8.62 2.00 0.88 9.35 FD&A /bbl 8.62 2.00 3.57 10.86 Recycle Ratio PDP 1P 2P 2P FD&A /bbl 1.4x 6.2x 3.5x 2.6x 35 30 2015 FD&A…
  7. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 7
    Portfolio Supports the Path to Growth Track record of progressing reserves* from 3P to cash flow Proved +Probable Proved + Probable Proved Annual 2P Reserves + Possible (mmboe) (mmboe) Production Life Index based on annualized…
  8. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 8
    Southern Llanos: Foundation for Growth FAULTS Cabrestero (100% WI, Operator) GLJ 3P (YE 2015) Carmentea 2016 Exploration Akira: swing producer N Future Exploration Calona 2016: Ponyo-1 exploration well LLA32 Kananaskis Xorop…
  9. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 9
    Tigana Guadalupe in Early Appraisal Stage With no new wells, Tigana has been producing flat for 18 months Corporate Presentation September 2016 9
  10. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 10
    Block LLA-34*: 2015 Discoveries and Extending Fields Tilo - 2014 Opportunities to grow the Tigana Guadalupe reserves beyond the current GLJ 3P Tarotaro - 2013 Tigana - 2013 Tua - 2012 Aruco - 2013 --- 3P GLJ Dec 31, 2015…
  11. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 11
    IP Rates LLA-34: Production Flexibility Mean prodn rate = 1,000 bopd 26 zones tested BOPD 100 1,000 2,000 3,000 10,000 The mean rate of 1,000 bopd is skewed to the low-side because the higher producing rate wells are not…
  12. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 12
    Magdalena Basin: Next Growth Platform Growth Opportunities: VIM-1 Aguas Blancas(1) Light oil development Drill 6 appraisal wells in 2016 Playon(1) 2016 exploration prospect: Boranda-1 VMM-11 Drill on 2014 3D seismic 2016…
  13. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 13
    Middle Magdalena Basin: New Play Concepts Boranda-1 De Mares & Playon (50% WI, Operator) Update Map (w/ DM & Playon) 1. Ecopetrol Farm-in Playon Boranda-1 exploration prospect Paleo Re-enter & test Coyote-1 High De Mares Block…
  14. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 14
    Aguas Blancas: Undeveloped Discovery Discovery Well: Aguas Blancas (1962, Ecopetrol) Llanita Field Information 45 mmbo Cumulative production: 1 MMBO (28 31 API) Solution gas (reservoir pressure 3,000 psi) Depth: 4,000 7,000 feet…
  15. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 15
    Aguas Blancas: Phase 1 Appraisal Program Current Status(1)(2) Phase 1(1)(2) 2016 Plan: o Drill up to 6 wells from existing pads o Expand 2P reserves area by drilling appraisal wells from new pads 2015 Reserves Areas o Implement…
  16. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 16
    Summary: Excel at What We Do Core Competencies 1. Identify and acquire large prospective resources 2. Engage stakeholder 3. Focus on being a low cost operator Rumba Location Corporate Presentation September 2016 16
  17. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 17
    Appendix Block Summary Block Operated/Non-Operated Working Interest Partners Gross Acres(1) Basin 1 LLA-10 Operated 50% Gran Tierra 189,544 Llanos 2 LLA-16 Operated 100% N/A 11,736 Llanos 3 LLA-20 Operated 100% N/A 2,891 Llanos 4…
  18. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 18
    Appendix Summary of Quarterly Results (Unaudited Results) 2016 2015 2014 Q2 Q1 FY Q4 Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 OPERATING Production (thousands of boe/d) 29.1 28.9 27.4 28.6 27.4 27.0 26.7 22.5 26.5 25.2 19.9 18.4 Brent Price (/bbl) 47…
  19. September 2016 Corporate Presentation – Parex Resources, Inc. – slide 19
    Colombia - Current Land Base Corporate Presentation September 2016 19

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