Operations

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Investor Presentation

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Operations

Parex holds a significant land base of 1.6 million gross acres over 20 blocks in Colombia's Llanos and Magdalena Basins.

Operations Highlights

Land Position
1.6 Million Gross Acres Over 20 Blocks

Properties

#
Property By Basin
Operated/Non Operated
Working Interest
Gross Acres(1)
  Llanos Basin
1 LLA-10 Operated 50% 189,544
2 LLA-16 Operated 100% 11,736
3 LLA-26 Operated 100% 93,376
4 LLA-29 Operated 100% 69,915
5 LLA-30 Operated 100% 117,322
6 LLA-32 Operated 87.5% 57,040
7 LLA-34 Non-operated 55% 68,382
8 LLA-40 Operated 100% 82,422
9 Balay Non-operated 10% 4,500
10 Cabrestero Operated 100% 7,605
11 Capachos(2) Operated 50% 64,073
12 Los Ocarros Operated 100% 31,066
  Lower Magdalena Basin
13 VIM-1 Operated 100% 223,651
  Middle Magdalena Basin
14 Aguas Blancas(2) Operated 50% 13,386
15 De Mares(2) Operated 50% 174,387
16 Morpho Operated 100% 51,420
17 Playon(2) Operated 50% 43,200
18 Sogamoso Operated 100% 3,695
19 VMM-9 Operated 100% 152,412
20 VMM-11 Operated 100% 116,826

(1) Exploration properties deemed non-commercial will be relinquished in due course. Accordingly, the gross acres described above may decrease as non-commercial lands are relinquished.
(2) Lands are subject to farm-in agreement earning terms and/or regulatory approval.

Production
40,586 Boe/d (Q1 2018)

Annual average daily production

2P Reserves
162 Mmboe (2017YE)

Year End Reserves

December 31
2013
2014
2015
2016
2017
Proved +Probable (“2P”) Reserves (Mmboe)(1) 32 68 82 112 162
2P Reserve Life Index (years)(2) 5 7 8 10 11
After Tax PV10 (USD MM) 832 1,098 928 1,571 2,501

For additional reserves information, read our February 6, 2018 news release.

(1) Per the independent reserve reports prepared by GLJ Petroleum Consultants Ltd. effective December 31 of the reported year.
(2) Based on annualized fourth quarter production of the reported period.

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