Parex Resources Announces Production Update and Timing of Q3 2025 Results

Core Viewpoint - Parex Resources Inc. has announced a production update for Q3 2025, with an expected average production of 44,000 barrels of oil equivalent per day (boe/d), supported by strong asset performance and exploration results [1][7]. Production Update - For the three months ended September 30, 2025, the production breakdown is as follows: - Block LLA-34: 20,800 boe/d - Southern Llanos: 16,950 boe/d - Northern Llanos: 2,750 boe/d - Magdalena Basin: 2,100 boe/d - Natural Gas Production: 1,400 mcf/d - Average Production: 44,000 boe/d [3][7]. - Monthly production for July and August 2025 was 44,400 boe/d and 43,500 boe/d respectively, leading to an average of 44,050 boe/d for the quarter [4][7]. Future Expectations - The company anticipates bringing onstream four to six production-adding wells across LLA-32, Capachos, and Putumayo by the end of 2025, which is expected to support Q4 2025 production and set a strong entry into 2026 [7][12]. - Current field production has increased by over 40% since the tuck-in acquisition at LLA-32, with recent exploration success contributing to an increase in average production to approximately 46,500 boe/d [7][12]. Company Overview - Parex Resources Inc. is one of the largest independent oil and gas companies in Colombia, focusing on sustainable and conventional production. The company is headquartered in Calgary, Canada, with an operating office in Bogotá, Colombia [6]. - Parex shares are traded on the Toronto Stock Exchange under the symbol PXT [6].