TSX:PXTOil and Gas
Parex Resources Acquisition Reshapes Colombia Profile And Investor Risk Reward
Parex Resources (TSX:PXT) agreed to acquire Frontera Petroleum International Holdings B.V.
The transaction is expected to nearly double Parex's production and create the largest independent Colombia focused upstream company.
The deal marks a major expansion of Parex's scale, resource base, and position in Colombia's energy market.
Parex Resources, listed as TSX:PXT, focuses on upstream oil and gas operations in Colombia, so this deal goes right to the core of its business. By bringing...