Parex Resources Announces Current Oil Production of 11,000 bopd

- October 25th, 2011

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

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