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October 2017 Corporate Presentation – Parex Resources, Inc.

Parex Resources, Inc. · Oct 2, 2017 · 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. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 1
    Solid Foundation. Building New Platforms. www.parexresources.com TSX:PXT Corporate Presentation October 2017 Corporate Presentation October 1 2017 March 2017 Corporate Presentation 1
  2. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 2
    CORPORATE SNAPSHOT Operating results 2016 2017E Production (boe/d) Q4 Average 31,049 38,500 Capital Expenditures(1) (million) US 112 US 225 Exploration Drilling ( prospects) 7 15 Appraisal Drilling ( wells) 4 13-15 Development Drilling (…
  3. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 3
    REASONS TO OWN PAREX 1. No debt and positive WC of US135MM (Q317E) 2. High margins: Q217 Operating NetbackUS27/boe Brent 51/bbl 3. Ability to grow within cash flow: o 2016 Growth: production 8.4% y-y & RLI increases to 10 years from 8…
  4. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 4
    2017 GUIDANCE: CASH FLOW FUNDED GROWTH Exploration Capex Maintenance Capex 15 wells 12 wells 2,500 boe/d 30,000 boe/d Assumptions 85-90MM 45-55MM Oil (Brent) US 50/bbl FFO netback(1)(2) US 20/boe Production 35,000 boe/d CAPEX Capital…
  5. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 5
    PAREX CASH NETBACK* 2017 TARGET CASH NETBACKS** 60 Brent 54.61 Brent 51.13 Brent 50.87 50 REALIZED PRICE (USD/BOE) (4.03) Royalties (4.03) Differential 40 (10.91) Transportation 30 (5.31) Opex (2.47) G&A/Finance & Other…
  6. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 6
    Trucking MARKETING COSTS TRENDING Parex Blocks DOWNWARD Pipeline BARRANQUILLA River Brent 56/bbl 16 CARTAGENA 14 Brent 45/bbl Brent TERMINAL COVENAS 12 50/bbl 10 /BOE 8 BARRANCABERMEJA 6 4 VASCONIA 2…
  7. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 7
    CONSISTENT & SUSTAINABLE GROWTH: PATH TO 50,000* BOPD 0.45 45,000 Production Debt Adjusted Production Per Share 0.40 RLI 10 yr 40,000 BOE PER THOUSAND SHARES 0.35 35,000 PRODUCTION (BOE/D) RLI 8 yr 0.30 RLI 7 yr 30,000…
  8. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 8
    SOLID FOUNDATION SUPPORTS GROWTH TRACK RECORD OF PROGRESSING RESERVES* FROM 3P TO CASH FLOW Proved + Probable Annual 2P Reserve Life Proved + Probable Proved Index + Possible (mmboe) (mmboe) Production based on annualized (mmboe)…
  9. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 9
    CONVENTIONAL OIL RESERVES: INDUSTRY LEADING RESULTS 18 Total Company(1) 2016 PDP 1P 2P FD&A /boe 6.47 6.99 3.40 15 Recycle Ratio (FD&A) 2.9x 2.7x 5.5x 12 2P FD&A (USD/BOE) Company(3) 2P Reserves 3 Yr 2P 3 Yr PDP 3 Yr 2P Total…
  10. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 10
    SOUTHERN LLANOS: FOUNDATION FOR GROWTH Calona CABRESTERO (100% WI, operator) LLA-32 Kananaskis Herradura Akira: swing producer Chiricoca Successful Bacano appraisal in 2017 LLA-34 Tilo Chachalaca 4 wells drilled to date; 2 more…
  11. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 11
    Cabrestero & LLA-34: 2017 FOCUS - TEST EXTENT 2015 GLJ 3P Outline Tigana Sur Oeste-1 Field GLJ 3P Reserves GLJ 2P Reserves 2016 GLJ 3P Outline 2017 Prospective Area YTD (Parex WI) (MMBO) (MMBO) YEAR END 2015 2016 2015 2016 TS…
  12. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 12
    CAPACHOS DEVELOPMENT AND GUADALUPE DEPTH STRUCTURE EXPLORATION POTENTIAL 2017 PLAN Drill 2 firm development wells (Capachos2: drilling NORESTE-1 EXPLORATION & Capachos Sur2) to earn 50% in the block. Development wells are targeting…
  13. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 13
    VIM-1 Pipeline Oil fields Gas fields MAGDALENA BASIN: NEXT GROWTH PLATFORM VMM-11 PLAYON(1) Drilled Glauca-2 & testing Drill follow-up to Boranda-1 Glauca-1 Drilling Niagara-1 PLAYON AGUAS BLANCAS(1) VMM-9 SOGAMOSO Light oil…
  14. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 14
    VMM-11 & VMM-9 PROSPECTIVITY VMM-9 Structural Play o Dominant play type in the basin o Includes many of the major discoveries in the basin (Velasquez, Palagua, Casabe, Llanito) Niagara Exploration Well o Stratigraphic play…
  15. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 15
    SUMMARY OF THE La Luna 1 AGUAS BLANCAS OPPORTUNITY AB-6 1. Appraise southern extent - identify AB-7 AB-27 AB-4 oil in place AB-2 AB-29 AB-26 AB-5 AB-21 AB-19 2. Demonstrate development capital West Area (FW) I Pad efficiencies &…
  16. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 16
    SUMMARY: UPCOMING EVENTS 1. Continued quarterly production growth 2. Test LLA-34/Cabrestero boundaries 3. Explore new blocks Bacano Field Corporate Presentation October 1616 2017 March 2017 Corporate Presentation
  17. October 2017 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 LLA-26…
  18. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 18
    APPENDIX SUMMARY OF QUARTERLY RESULTS (Unaudited Results) 2017 2016 2015 Q2 Q1 FY Q4 Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 OPERATING Production (thousands of boe/d) 34.3 32.6 29.7 31.1 29.8 29.1 28.9 27.4 28.6 27.4 27.0 26.7 Brent Price (/bbl) 51…
  19. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 19
    COLOMBIA CURRENT LAND BASE Source: Divestco, February 2017 Corporate Presentation October 1919 2017 March 2017 Corporate Presentation
  20. October 2017 Corporate Presentation – Parex Resources, Inc. – slide 20
    Corporate Presentation October 2525 2017 March 2017 Corporate Presentation

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