TSX:PXTOil and Gas
Does Parex Resources (TSX:PXT) 100% Funding Llanos Wells Reframe Its Colombia Risk‑Reward Profile?
Parex Resources Inc. and Ecopetrol S.A. recently reported that their Llanos Foothills exploration alliance is now fully in place, with regulatory approvals secured to drill the Floreña Huron well on the Niscota block and the Farallones prospect, alongside October–November 2025 production averaging just over 50,000 boe/d at its peak.
An interesting angle for investors is that Parex has agreed to fund the Floreña Huron and Farallones exploration wells at 100% of capital costs in exchange for a...