Parex Resources reports Q3 average production 44,000 boe/d

Q3 2025 Production Update: Estimated Q3 2025 average production was 44,000 boe/d, with production in the quarter supported by strong base asset performance, growth at LLA-32, and positive exploration results, offset by lower production at Capachos. The prior quarter’s average production was 42,542 boe/d. With new wells recently brought onstream at LLA-32, current field production has increased by over 40% since the tuck-in acquisition. In addition, with the fourth near-field exploration success of 2025 coming online in late September, current average production has increased to approximately 46,500 boe/d. Over the remainder of 2025, the Company expects to bring onstream four to six production-adding wells across LLA-32, Capachos, and Putumayo, along with continued near-field exploration. Together, these are expected to support Q4 2025 production and set up a strong entry into 2026.