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Parex Resources Inc. (TSX:PXT) reported that recent oil production has reached 11,000 barrels of oil per day.
Parex Resources Inc. (TSX:PXT) reported that recent oil production has reached 11,000 barrels of oil per day.
As quoted in the press release:
Recent Highlights (post September 12, 2011 press release):
- Signed a farm-in agreement to acquire 35 percent working interest on the El Eden Block in the Llanos Basin;
- Continued successful delineation of the Kona field with Kona-3 and Kona-10 brought on-stream at a total production rate of approximately 2,500 bopd;
- Signed a contract to import two modern and efficient drilling rigs to Trinidad, with anticipated drilling to begin prior to year end 2011; and
- Increased current production up to approximately 11,000 bopd.
Click here to read the Parex Resources Inc. (TSX:PXT) press release
