Brief: Parex Resources Announces Operational Update

Parex Resources

13/10/2022 23:13

Oct 13 (Reuters) - Parex Resources Inc  PXT.TO :
    * PAREX RESOURCES ANNOUNCES OPERATIONAL UPDATE, OIL
DISCOVERIES
AND COMPLETION OF NORMAL COURSE ISSUER BID
    * PAREX RESOURCES INC - Q3 2022 AVERAGE PRODUCTION IS
ESTIMATED TO
BE 51,100 BOE/D, UP APPROXIMATELY 8%
    * PAREX RESOURCES INC - EXPECT FY 2022 PRODUCTION TO AVERAGE
52,000 TO 53,000 BOE/D, WITH 2022 EXIT RATE IN EXCESS OF 60,000
BOE/D
    * PAREX RESOURCES INC - PLANS TO BEGIN REINJECTING GAS FOR
ENHANCED OIL RECOVERY STARTING IN Q4 2022 IN MAGDALENA BASIN AT
VIM-1 BLOCK

Source text for Eikon:  ID:nGNX7vRZsf 
Further company coverage:  PXT.TO 
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