Parex reported a 3Q15 production result of 27,375 bbl/d, which was in line with our estimate of 27,400 bbl/d. The Company will release full 3Q15 financial results on November 2, 2015. The Company’s 4Q15e production forecast of 28,500 bbl/d remains unchanged. Our go-forward production and financial estimates for 4Q15e and 2016e also remain unchanged. Parex announced continued drilling success, including the successful production testing of the Jacana-2 appraisal well and the Tilo-2 appra

16 Oct 2015
Parex Resources’ 3Q15 Operational Update Includes Three Successful Well Tests

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Parex Resources’ 3Q15 Operational Update Includes Three Successful Well Tests
Parex Resources Inc. (PXT:TSE) | 0 0 1.1% | Mkt Cap: 2,763m
- Published:
16 Oct 2015 -
Author:
Darren B. Engels -
Pages:
6 -
Parex reported a 3Q15 production result of 27,375 bbl/d, which was in line with our estimate of 27,400 bbl/d. The Company will release full 3Q15 financial results on November 2, 2015. The Company’s 4Q15e production forecast of 28,500 bbl/d remains unchanged. Our go-forward production and financial estimates for 4Q15e and 2016e also remain unchanged. Parex announced continued drilling success, including the successful production testing of the Jacana-2 appraisal well and the Tilo-2 appra