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Corporate Presentation – Parex Resources, Inc.

Parex Resources, Inc. · Jan 1, 2014 · 16 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. Corporate Presentation – Parex Resources, Inc. – slide 1
    Corporate Presentation January 2014 PAREXRESOURCES.COM TSX: PXT 1
  2. Corporate Presentation – Parex Resources, Inc. – slide 2
    Colombia Focused Significant land base (1.91 mm gross acres) Diversified production base Experienced operator (95 wells drilled) Historical Exploration success rate 50% 2 2
  3. Corporate Presentation – Parex Resources, Inc. – slide 3
    Snapshot Operations Q3 2013 Operating Netback 63.80/bbl Q4 2013 Production 17,285 bopd 2014FY Guidance 17,500-18,500 bopd Reserves 2P (June 30, 2013) 23.7 1 mmbbl Delivered 47% 2P reserves growth over 2012 year-end Capital Structure…
  4. Corporate Presentation – Parex Resources, Inc. – slide 4
    2014 Guidance Existing Fields: Development & Appraisal Drilling 16,000 bopd Exploration Drilling 1,500-2,500 bopd New Play Concepts (types: heavy oil, tight sands, stratigraphic) upside 2014 Production* 17,500-18,500 bopd *Dec 2013…
  5. Corporate Presentation – Parex Resources, Inc. – slide 5
    Colombia: Diversified & Extensive Assets Base 13 Middle Magdalena Basin Nare VMM-11 Palagua Llanos Basin LLA-40 Cocorna P.P. Velasquez LLA-16 Kona LLA-17 Morpho LLA-57 Los Ocarros Las Maracas LLA-20 Cubiro El…
  6. Corporate Presentation – Parex Resources, Inc. – slide 6
    Building a Sustainable Business Achievements Since Inception Nov 2009 Increased from 4 to 17 Colombian blocks & 1.4 million net acres Cash flow funded growth: production + reserves + premium netbacks Track record of reserve category…
  7. Corporate Presentation – Parex Resources, Inc. – slide 7
    Grow & Diversify Production 2014 Guidance* 17,500 18,500 20 bopd FY 18 Las Maracas & Other Cumbre LLA -30 16 Cabrestero Bopd (000) by Block 14 LLA-34 Acquire LLA-32/34 12 Growth in Production LLA-32 & Cash Flow…
  8. Corporate Presentation – Parex Resources, Inc. – slide 8
    Parex Exploration Life Cycle Develop Acquire Test Initial Expand Exploitation Concept Land Concept Development Land Traditional LLA-26 3-Ways Cebucan Low Side Cabrestero Closures LLA-34 Stratigraphic Traps LLA-24, LLA-29 &…
  9. Corporate Presentation – Parex Resources, Inc. – slide 9
    Traditional Llanos Structures Characterized by: LLA-16 LLA-40 Parex deep basin knowledge & operational experience Kona LLA-17 Producing light oil 30-37o API from 5 fields Celeus Productive reservoirs: C7, Mirador, Gacheta &…
  10. Corporate Presentation – Parex Resources, Inc. – slide 10
    Southern Llanos: Low Side Closures Acquired blocks in 2012 to develop concepts Maniceo -Bandola and prove-up in 2013 with discoveries LLA-32 Santiago Cabrestero (100% WI, Operator) Akira- new play type low side closures Significant…
  11. Corporate Presentation – Parex Resources, Inc. – slide 11
    LLA-24, LLA-29 & LLA-30: New Play Type: Stratigraphic/Channels LLA-29 Land access secured: LLA-20 Two exploration wells in 2014 LLA-24 Adalia LLA-30 New Discoveries 2013: LLA-29 Adalia-1 38o API at 1,000 bopd Adalia-2 waiting…
  12. Corporate Presentation – Parex Resources, Inc. – slide 12
    New Play Concepts: VMM-11 & Morpho VMM-11 Farm-in to drill one well Middle Magdalena Basin Testing of new play concepts for cold heavy oil production VMM-11 (CHOPS) Nare Palagua Builds on managements success with Petro Andina in…
  13. Corporate Presentation – Parex Resources, Inc. – slide 13
    Colombian Infrastructure: Expanding Capacity Santa Marta Pozos Colorados Cartagena Coveas Ayacucho Current Production Bicentenario began operations Q4 2013 B/Bermeja Cao Limn Vasconia Cusiana Araguaney Porvenir…
  14. Corporate Presentation – Parex Resources, Inc. – slide 14
    Operating Netback: Colombia Premium 140 Brent Price /BBL 120 Royalties 9 Price Realized Price (/boe) Royalties Royalties Royalties Royalties 100 Royalties Royalties 12 Royalties Royalties 8 Opex & Transportation 8 8 8…
  15. Corporate Presentation – Parex Resources, Inc. – slide 15
    Whats next Leverage strengths going forward 1. Experienced & committed management team 2. Llanos basin: large land position & operating capability 3. Successful exploration results and diversified portfolio 4. Colombian spotlight:…
  16. Corporate Presentation – Parex Resources, Inc. – slide 16
    Appendix Block Summary Operated/Non- Working Initial Royalty Block Partners Gross Acres Basin Operated Interest Rate LLA-16 Operated 100% n.a 157,611 Llanos 9% LLA-17 Operated 40% Geopark & P1 108,726 Llanos 9% LLA-20 Operated 100%…

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