Investor Presentaiton
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Colombia Running Room
Net Acreage (MM)
2021 Colombia Bid Round
Increased Position by ~4.3MM
0
2011 2012 2013 2014 2015 2016
2017
2018 2019 2020
2021
Base Net Acreage
YoY Increase
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Conventional, oil-weighted Colombian producer
Largest independent acreage holder in Colombia
Awarded 18 blocks in 2021 Colombia bid round
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16 out of the 18 blocks were nominated by PXT in
areas specifically targeted by the company
Activity commitments are US~$100MM over 3-4
years
Competitive 9% base royalty rate
Commitments are not incremental to current
exploration capital plans
Strategy to unlock deep portfolio by bringing proven
technology to Colombia
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Horizontal and multilateral drilling
Radial drilling and various stimulation technologies
Significantly improved depth and quality of prospect inventory in 2021, which provides long-term resource runway
PAREX RESOURCES INC.
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