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May 2018 Corporate Presentation – Parex Resources, Inc.

Parex Resources, Inc. · Jul 1, 2018 · 18 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. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 1
    Annual General Meeting www.parexresources.com TSX:PXT Annual General Meeting May 2018 Annual General Meeting May 2018 Corporate 1 Presentation March 2017 1
  2. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 2
    HOW PAREX MANAGEMENT THINKS ABOUT OUR BUSINESS 1. Focus on consistent per share returns 2. Maintain a pristine balance sheet 3. Access under-explored proven oil-prone basins 4. Perform industry leading technical work 5. Be a hands-on…
  3. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 3
    WHY ARE WE COLOMBIA FOCUSED Abundant Resources Good Fiscal Regime Stable Politics Access To Tidewater Leverage our expertise o Technical o Operational o Social Great country to build a profitable business Capachos-2 Rumba Field…
  4. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 4
    COLOMBIA HAS LOTS OF OIL-PRONE BASINS TO ACCESS Oil production 850,000 bopd Colombian Sedimentary Basins Rank 2 LATAM onshore Major Producing Basins USGS conventional onshore oil Explored Portions Lower 0.8 assessed potential= Mag…
  5. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 5
    LIGHT & MEDIUM OIL RESOURCE PYRAMID (ONSHORE) Colombia Good Immature basins are similar to the Conventional WCSB 30 - Primary recovery, natural drive years ago - Secondary recovery, waterfloods Tight Oil Vertical & Horizontal…
  6. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 6
    UNDEREXPLORED FOR CONVENTIONAL PLAYS Exploration Drilling in Colombia Limited exploratory drilling Y-O-Y 140 6 Above ground issues have historically Annual Exploration Drills Tua Discoveries 20 MMBO limited exploration activities…
  7. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 7
    SOUTHERN CASANARE FOUNDATION FOR FUTURE GROWTH Gross production 70 Calona 60 LLA-32 50 Kananaskis Herradura MBOE/D 40 30 20 LLA-34 Chiricoca Tilo Max 10 Chachalaca 0 2012 2013 2014 2015 2016 2017 Q1 2018 Tarotaro Tigana…
  8. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 8
    TIGHT OIL NEXT GROWTH AREA Provincia Sub-Basin WCSB Unconventional & Tight Oil Plays Size of the Provincia Sub Basin De Mares Block Coyote 1/2/3 Existing oil wells Potentially material plays for Parex Aguas Blancas…
  9. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 9
    COLOMBIA FISCAL REGIME Simple tax/royalty system Royalties (Q4/17, /Boe) 12 Royalties fixed inside block 10 contracts-law, never been changed 8 6 Corporate tax rate declining 4 2 Revenue paid offshore 0 ERF BNE…
  10. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 10
    VALUABLE OIL: PREMIUM PRICING & CASH NETBACKS Brent referenced pricing Realized Oil Price (Q4/17, /Bbl) 85 Parex 21o API blend has discount 75 of 4.56/bbl (Q4 2017) 65 55 Multiple egress routes 45 35 o Pipelines under-utilized…
  11. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 11
    IMPROVING LANDSCAPE - POLITICAL UPDATE OECD accession process underway Peace Negotiations - ongoing o Peace reduces above-ground risks o Opens up more accessible acreage Congressional Elections (March 11) o Generally strong…
  12. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 12
    23 CONSECUTIVE QUARTERS OF CONSISTENT GROWTH 0.45 50,000 BOE PER THOUSAND SHARES 0.40 Production Debt Adjusted Production Per Share 45,000 40,000 PRODUCTION (BOE/D) 0.35 0.30 35,000 30,000 0.25 25,000 0.20 20,000 0.15…
  13. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 13
    MANAGEMENT FOCUS IS ON GROWING SHAREHOLDER VALUE Production Per Share (Debt Adjusted) 2P Reserves (Debt Adjusted) 300 1,200 DAPS (BOE/MM BASIC SHARES) (MBOE/MM BASIC SHARES) 250 1,000 2P RESERVES 200 800 150 600 100…
  14. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 14
    WHERE DO WE GO FROM HERE 2018 2019 - 2021 20% Big E Tight oil: Deliver top Surpass Replenish Production VIM-1 & Aguas quartile 50,000 & diversify growth Capachos Blancas & per share bopd portfolio DAPS De Mares growth Our…
  15. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 15
    HOW WE OPERATE: VIM-1 PROJECT, APURE-3 DRILLING Were from Parex and we are here to help Seriously Annual General Meeting May 2018 Corporate 1515 Presentation March 2017
  16. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 16
    THANK YOU FOR YOUR SUPPORT On behalf of our Board of Directors and the team at Parex, we thank all our stakeholders for their continued support. Investor Relations Contact us: Mike Kruchten VP, Capital Markets & Corporate Planning Tel:…
  17. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 17
    ADVISORIES BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 mcf: 1 bbl) is based on an energy equivalency conversion method…
  18. May 2018 Corporate Presentation – Parex Resources, Inc. – slide 18
    Annual General Meeting May 2018 Corporate 2121 Presentation March 2017

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