The Parex Advantage

Key Takeaways ■ Transitioned from a single asset company to a Colombia-wide operator ☐ Flattening decline, leading to lower maintenance capital requirements Building a sustainable base for production growth while delivering a step change in capital efficiency Providing exposure to outsized returns driven by big 'E' exploration Continuing to return 100% of free funds flow from operations to shareholders through dividends and share buybacks Delivering top-tier ESG performance

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