Analyst Research Report Snapshot

Title:

PAREX RESOURCES - YEAR-END WELLS PROVIDE A BOOST

Price:

$10.00

Provider:

Edison Investment Research

Date:

16 Dec 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

PXT.TO

Available for Immediate Download
Summary:

Production updates for the fourth quarter point to a revised average of c 17,000b/d (as of 6 December), above previous guidance of 16,800b/d, and provide a likely boost to the confidence levels surrounding 2014e guidance of 17,500-18,500b/d. Revisions to Q413e come as the result of exploration wells Tigana-1 and La Casona, both of which have delivered promising results in the quarter, with more positive news likely to follow.

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