Investor Presentaiton
Long-Term Production Vision
100,000
Illustrative Production Growth (boe/d)(1)
Ambition
80,000
60,000
Exploration plus Magdalena exploitation upside that can
provide a possible step change in the production profile
Low-risk base development can provide ~5% per annum growth
High-risk, high-reward exploration
Longer-term exploitation upside using proven
technology to unlock material original oil in place
40,000
Llanos - Base Development
20,000
Llanos - LLA-34
0
2021A
2022F
2023F
PAREX RESOURCES INC.
2024F
2025F
2026F
2027F
Low-risk, short- and medium-term
production growth
"Parex's bread and butter"
Continue optimizing block to
maximize free cash flow
Ambition to grow to 100,000 boe/d and become multi-field operator
(1) 2023 and beyond provided for illustrative purposes only; budgets and forecast beyond 2022 have not been finalized and are subject to a variety of factors, including prior year result; see advisory.
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