Skip to main content June 2021 Investor Presentation – Parex Resources, Inc. | Shale Experts
Loading...
Pm

June 2021 Investor Presentation – Parex Resources, Inc.

Parex Resources, Inc. · Jun 30, 2021 · 26 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. June 2021 Investor Presentation – Parex Resources, Inc. – slide 1
    Optimizing Shareholder Value CORPORATE PRESENTATION JUNE 2021 CORPORATE PRESENTATION JUNE 2021 1
  2. June 2021 Investor Presentation – Parex Resources, Inc. – slide 2
    CORPORATE SNAPSHOT Capital Operating Results Q4 2020 Q1 2021E Structure Production (boe/d) 46,642 46,779 Cash - US million(3) DAPS Growth(1) -3% 20% 370 Drilling Program ( wells) 8 9 Net Working Capital - US million(3) Capital…
  3. June 2021 Investor Presentation – Parex Resources, Inc. – slide 3
    ESG PERFORMANCE HIGHLIGHTS Environment Social Governance ISS Quality Score Create ISS Quality Score ISS Quality Score GHG emissions disclosure Board of Directors + 3rd party data verification local employment…
  4. June 2021 Investor Presentation – Parex Resources, Inc. – slide 4
    WHY INVEST IN PAREX DEBT-ADJUSTED PRODUCTION PER SHARE (DAPS) PPS DAPS Share Price (QE) 1. No Debt & Positive Q121 Working Capital of US 342 MM 0.50 25 2. High Margins o Q121 operating netback US 37.38/boe at Brent 0.40 20…
  5. June 2021 Investor Presentation – Parex Resources, Inc. – slide 5
    GROWTH OPPORTUNITIES M&A CRITERIA M&A is an option, not a requirement for Parex. Conventional Oil Onshore/Shallow Clear Path to & Gas Water Asset Growth Compete Against Transparent FX & Colombia Project Payment Regime Returns…
  6. June 2021 Investor Presentation – Parex Resources, Inc. – slide 6
    DELIVERING CONSISTENT SHAREHOLDER VALUE RESERVE LIFE INDEX PRODUCTION PER SHARE (DEBT ADJUSTED) 18 500 BOE/MILLION WA BASIC SHARES 450 16 400 14 350 12 300 10 YEARS 250 8 200 6 150 4 100 2 50 0 - 2015 2016…
  7. June 2021 Investor Presentation – Parex Resources, Inc. – slide 7
    STRONG RESERVE PER SHARE GROWTH PDP RESERVES PER SHARE DEBT ADJUSTED 1P RESERVES PER SHARE DEBT ADJUSTED 0.8 140% 1.4 RESERVES (BOE/BASIC SHARE) RESERVES (BOE/BASIC SHARE) 0.7 120% 1.2 0.6 100% 1.0 0.5 80% 0.8 0.4 60%…
  8. June 2021 Investor Presentation – Parex Resources, Inc. – slide 8
    INCREASING PRODUCTION WHILE RETURNING FCF TO SHAREHOLDERS 300 PRODUCTION (MBOE/D) CURRENT SHARES OUTSTANDING WORKING CAPITAL Since 2017(1): 161% Production increased by 44% (67% prior to 250 COVID-19 in Q1 2020). Working Capital…
  9. June 2021 Investor Presentation – Parex Resources, Inc. – slide 9
    INDUSTRY LEADING SHARE BUY-BACK PROGRAM Parex Resources is committed to returning capital Shares Bought Back Cost of Share Buybacks to shareholders through the NCIB and share buy- 8 120 back program. 7 Since the first NCIB in 2017,…
  10. June 2021 Investor Presentation – Parex Resources, Inc. – slide 10
    BALANCE SHEET STRENGTH PROVIDES OPTIONALITY ANNUAL PRODUCTION CAPITAL RETURNED TO SHAREHOLDERS 60,000 6 250 16 Brent: ANNUAL AVERAGE PRODUCTION (BOE/D) 55,000 64/Bbl DEBT-ADJUSTED CASH FLOW PER SHARE (US) 14 Brent:…
  11. June 2021 Investor Presentation – Parex Resources, Inc. – slide 11
    PAREX FUNDS FLOW NETBACK(1) 75 71.59 70 64.21 65 61.32 60 54.75 55 50 43.30 45 40 USD/BOE 35 30 25 20 15 10 5 22.29(2) 24.65(2) 29.61(2) 17.52(2) 29.98(2) 0 -5 2017 2018 2019 2020 Q1 2021 Cash Netback Tax…
  12. June 2021 Investor Presentation – Parex Resources, Inc. – slide 12
    INDUSTRY LEADING PROFITABILITY 2020 Operating Netback(1)(2) 2020 Net Income for E&Ps with Market Cap 1B(2)(3) 25 500 Parex Parex - 20 (500) 15 (1,000) USD/BOE USD MM (1,500) 10 (2,000) (2,500) 5 (3,000) -…
  13. June 2021 Investor Presentation – Parex Resources, Inc. – slide 13
    CONVENTIONAL OIL RESERVES GENERATE VALUE 9 8.48 Proved Proved+ Developed Proved + Probable+ 8 7.57 7.58 7.29 2020YE Producing Proved Probable Possible 7 2P FD&A (USD/BOE)(1) FD&A USD/boe(1) 7.73 12.33 8.45 4.02 6.15 6 Recycle…
  14. June 2021 Investor Presentation – Parex Resources, Inc. – slide 14
    FOUNDATION FOR GROWTH: APPRAISE & DEVELOP NET WORKING INTEREST PRODUCTION (LLA-32, LLA-34 & Cabrestero) 50,000 40,000 30,000 BOE/D 20,000 10,000 0 2016 2017 2018 2019 2020 NET WORKING INTEREST RESERVES* - LAST 5 YEARS…
  15. June 2021 Investor Presentation – Parex Resources, Inc. – slide 15
    BUILDING A SUSTAINABLE BUSINESS 2021 ACTIVITIES VIM-43 VMM-46 Commence 3D seismic Acquire 3D seismic on the block VIM-43 Fortuna VIM-1 Drill 2 horizontal appraisal wells 2 well exploration drilling program. Evaluating…
  16. June 2021 Investor Presentation – Parex Resources, Inc. – slide 16
    2020 ANH BID ROUND - AWARDED BLOCKS LLA-134 Block (WI 100%) VIM-43 Block (WI 100%) Targeting stratigraphic plays in the same Targeting an undrilled 4-way closure mapped on reservoirs as LLA-34 2D seismic in the Plato subbasin to the NE…
  17. June 2021 Investor Presentation – Parex Resources, Inc. – slide 17
    VIM-1: LA BELLEZA DISCOVERY Gas fields VIM-1 (50% WI, Operator) Oil fields Main target is a Cienaga De Oro formation draped over Gas pipeline Oil Pipeline a basement high River Analogue fields at Cicuco, Boquete and El Dificil…
  18. June 2021 Investor Presentation – Parex Resources, Inc. – slide 18
    EXPANDING LLANOS INVENTORY CPO-11 (50% WI, Operator) LLA-32 Additional leads and prospects being evaluated LLA-34 Shallow drilling targets testing stratigraphic prospects Cabrestero LLA-94 (50% WI, Operator) LLA-94 Rubiales Multiple…
  19. June 2021 Investor Presentation – Parex Resources, Inc. – slide 19
    BORANDA & VMM-46 Boranda (50% WI, Operator) Exploration discovery at Boranda-1 Boranda Testing has begun on Boranda Sur Boranda-1 o In the process of testing multiple formations Boranda Centro-1 Boranda Sur-2 VMM-46 Testing has…
  20. June 2021 Investor Presentation – Parex Resources, Inc. – slide 20
    FORTUNA Fortuna (100% WI, Operator) Fortuna Acquired in Q4 2018 No drilling since 2012 Target conventional oil prospects in Lisama and La Luna Formations Midas Acquired 3D seismic in 2019 (Acordianero) Drilled Cayena-1 exploration…
  21. June 2021 Investor Presentation – Parex Resources, Inc. – slide 21
    EMISSION FREE GEOTHERMAL ENERGY POWERS PAREX PRODUCTION Parex installed Colombias first geothermal power unit that captures the heat from hot water by-product from oil production. The pilot unit is on the Las Maracas field. The project…
  22. June 2021 Investor Presentation – Parex Resources, Inc. – slide 22
    SUMMARY Self-funded industry leading production growth Grow & develop Llanos Blocks Prove play concepts in Middle & Lower Magdalena Basins Expand portfolio through business development CORPORATE PRESENTATION JUNE 2021 22
  23. June 2021 Investor Presentation – Parex Resources, Inc. – slide 23
    COLOMBIA - CURRENT LAND BASE Block Working Interest Gross Acres(1) 1 VIM-1 50% 139,575 2 VIM-43 100% 90,457 3 Fortuna(2) 100% 26,205 4 Boranda(2) 50% 43,367 Cartagena 5 De Mares(2) 50% 174,387 6 Aguas Blancas(2) 50% 13,386…
  24. June 2021 Investor Presentation – Parex Resources, Inc. – slide 24
    APPENDIX - INDUSTRY LEADING PERFORMANCE METRICS 2018 2019 2020 Production growth % 25 19 -12 2P Reserves growth % 14 7 -2 3-Year TSR % 61 43 -4 ROACE(1) % 45 31 10 CROIC(2) % 31 28 12 EBITDA(3) US MM 641 663 309 Net income (loss)…
  25. June 2021 Investor Presentation – Parex Resources, Inc. – slide 25
    APPENDIX SUMMARY OF QUARTERLY RESULTS(1) (Unaudited Results) 2021 2020 2019 2018 Q1 FY Q4 Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 Operating Production (thousands of boe/d) 46.8 46.5 46.6 44.3 40.9 54.3 52.7 54.2 53.1 52.3 51.2 44.4…
  26. June 2021 Investor Presentation – Parex Resources, Inc. – slide 26
    CORPORATE PRESENTATION JUNE 2021 31

From the store

Browse maps, data & reports in the Shale Experts store