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Parex discovers oil and gas at La Casona-1 and announces 3Q12 results

Wednesday, November 14th, 2012 Category: Company News
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The big news was what appears to be a significant find at La Casona-1 in partnership with Petroamerica. The company reports “1,300 bopd of 36 degree API light oil and 4.0 million cubic feet per day (“MMCFD”) of natural gas” from the La Casona-1 well. Third quarter results were flat with respect to 2Q12 but significantly higher than the same quarter last year.

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