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Parex updates Colombia operations, confirms guidance of 13-14,000bpd by year end

Thursday, October 4th, 2012 Category: Exploration
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Parex updates Colombia operations, confirms guidance of 13-14,000bpd by year end

Source: January-June MinMinas, Hydrocarbons Colombia; September 2012 from Parex
Parex Resources press release says that September production was 11,850bpd versus 10,300bpd in 2Q12. The company expressed confidence in hitting at least 13,000bpd assuming current operating conditions continue, especially the assumption that proven wells get approvals for production and that existing wells decline at the current observed rate.

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