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Parex Resources Inc.

Company Detail

Description

Parex Resources Inc. (Parex) is a Canadian company engaged in the exploration, development and production of hydrocarbons in Colombia, where it has a portfolio of prospects in the Llanos, Middle Magdalena and Lower Magdalena basins. In 2013 the firm added three blocks in the southern portion of the Llanos basin to its properties, following the acquisition of fellow Canadian junior Verano. Founded in 2009 and based in Calgary, Parex held a stake in the Cory Moruga block, in Trinidad and Tobago, which was sold to a subsidiary of Rex International Holding Limited.

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