Impact: Positive. The Andina-2 well, a 400-meter offset to the Andina-1 location, was tested in two zones (Lower and Upper Guadalupe) for a combined rate of ~3,800 bbl/d. Significantly de-risks company’s growth profile ahead and still has Andina Norte-1 exploration well as near-term catalyst. NCIB update showing aggressive participation.
11 Jan 2019
FLASH: Andina-2 tests combined 3,800 bbl/d
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FLASH: Andina-2 tests combined 3,800 bbl/d
Parex Resources Inc. (PXT:TSE) | 0 0 1.1% | Mkt Cap: 2,763m
- Published:
11 Jan 2019 -
Author:
Cody R. Kwong -
Pages:
3
Impact: Positive. The Andina-2 well, a 400-meter offset to the Andina-1 location, was tested in two zones (Lower and Upper Guadalupe) for a combined rate of ~3,800 bbl/d. Significantly de-risks company’s growth profile ahead and still has Andina Norte-1 exploration well as near-term catalyst. NCIB update showing aggressive participation.