Parex reported that 1P reserves increased 14% to 46 mmboe, 2P reserves increased to 82 mmboe, and 3P reserves increased 20% to 125 mmboe. Parex reported impressive 2015 F&D costs, including changes in FDC, of US$0.99/boe on 2P reserves. The 2015 cash flow recycle ratio is 13.0x. Parex is scheduled to host an analyst day on Thursday, February 11, 2016. Post the reserve report, and our expectation that the analyst community and market will respond positively to the analyst day, we continue to be a ....
09 Feb 2016
Parex Resources Reports Industry Leading FD&A Costs
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Parex Resources Reports Industry Leading FD&A Costs
Parex Resources Inc. (PXT:TSE) | 0 0 1.1% | Mkt Cap: 2,763m
- Published:
09 Feb 2016 -
Author:
Darren B. Engels -
Pages:
10
Parex reported that 1P reserves increased 14% to 46 mmboe, 2P reserves increased to 82 mmboe, and 3P reserves increased 20% to 125 mmboe. Parex reported impressive 2015 F&D costs, including changes in FDC, of US$0.99/boe on 2P reserves. The 2015 cash flow recycle ratio is 13.0x. Parex is scheduled to host an analyst day on Thursday, February 11, 2016. Post the reserve report, and our expectation that the analyst community and market will respond positively to the analyst day, we continue to be a ....