Parex Resources Announces Llanos Foothills Strategic Alliance, Operational Strength, and Timing of 2026 Guidance [Canadian Business Journal (Canada)]
Ecopetrol S.A. American Depositary Shares (EC)
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ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
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Source: Canadian Business Journal
CALGARY, Alberta, Dec. 05, 05 GLOBE NEWSWIRE — Parex Resources Inc. “Parex” or the “Company” TSX: PXT and its strategic partner Ecopetrol S.A. “Ecopetrol”, are pleased to announce an update on their Llanos Foothills exploration program, where a full strategic alliance has effectively been achieved. Additionally, the Company provides an update on its corporate production and announces plans to release its 06 guidance on January 9, 06.Key Highlights“Parex has long maintained a Colombia-focused gas strategy, and today’s announcement underscores our commitment to expanding meaningful gas development in the country. With effectively all Foothills agreements and regulatory approvals complete, Parex and Ecopetrol have laid the foundation for a 50/50 strategic partnership across the Foothills basin – stretching from Gibraltar in the north, to Farallones in the south – with Parex as operator,” commented Imad Mohsen, President & Chief Executive Officer.“Through this partnership, we will leverag
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