The Parex Advantage

VIM-1: Steppingstone that Diversifies the Portfolio Basin: Magdalena Operator: PXT A W.I.: 50% Growing long-term liquids recovery through reinjecting gas Liquids-rich gas condensate reservoir Successfully started gas reinjection in Q1 2023, growing liquids production to roughly 3,000-4,000 bbl/d gross VIM-1 ILLUSTRATIVE GAS REINJECTION GRAPHIC Gas Treatment Facilities Gas Compressor Reinjection 13 Gas Sales Compressed Gas Condensate Tanks Condensate Sales The first PXT installation of a gas cycling project that is expected to become a template for future expansions at VIM-1 & 43, plus Northern Llanos and the Llanos Foothills 35

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