Parex Resources Inc. (T:PXT*CA)

Business Focus: Oil Exploration & Production - Onshore

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 2700 Eighth Avenue Place
West Tower 585 8 Ave SW
CALGARY AB T2P 1G1
Tel: 1-403-5171733
Website: https://parexresources.com
IR: See website
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Key People
Imad Mohsen
President, Chief Executive Officer, Director
Sanjay Bishnoi
Chief Financial Officer
Daniel Ferreiro
President and Country Manger Parex Resources Colombia
Eric Furlan
Chief Operating Officer
Michael Kruchten
Senior Vice President - Capital Markets and Corporate Planning
 
Business Overview
Parex Resources Inc. is a Canada-based independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company is engaged in the business of the exploration, development, production and marketing of oil and natural gas in Colombia. The Company is focused on development in two main basins: Llanos and Magdalena. All of the Company's oil production and 87% of the oil, natural gas and natural gas liquids (NGL) proved plus probable reserves are located in the Llanos Basin of Colombia with the remaining oil reserves and production located in the Magdalena Basin of Colombia.
Financial Overview
For the fiscal year ended 31 December 2023, Parex Resources Inc revenues decreased 11% to $1.17B. Net income decreased 25% to $459.3M. Revenues reflect Crude Oil segment decrease of 14% to $1.4B, Natural Gas Production, Total decrease of 51% to 1.7B cubic feet. Net income also reflects Average Production Costs per unit, Total increase of 51% to $10.42 per barrel, Exploration Costs increase of 41% to $164.6M.
Employees: 449 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,444M as of Dec 31, 2023
Annual revenue (TTM): $1,597M as of Dec 31, 2023
EBITDA (TTM): $1,090M as of Dec 31, 2023
Net annual income (TTM): $627.19M as of Dec 31, 2023
Free cash flow (TTM): -$361.83M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 103,273,986 as of Mar 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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