Parex Resources (TSX: PXT) is the largest independent oil and gas company in Colombia, focusing on sustainable, conventional production. The Company’s corporate headquarters are in Calgary, Canada, with an operating office in Bogotá, Colombia.

Market Cap $2.3B

• Successfully transformed into Colombia's largest independent oil & gas producer following the acquisition of Frontera's Colombian assets, significantly increasing the company's scale and diversification.

• Updated reserve reports show a substantial increase in reserves, with PDP and 1P reserves up more than 80%and 2P reserves up 71% compared to year-end 2025.

• Building strong operational momentum with July production averaging approximately 83,500 boe/dand reaffirmed H2 2026 production guidance of 82,000–91,000 boe/d.

• Exploration success at LLA-111 continues to support production growth, with current production exceeding 5,000 bbl/d and additional volumes expected in Q4 2026.

• Generated $191 million in adjusted funds flow during Q2 despite one-time acquisition and hedging costs, demonstrating the strength of the underlying business.

• Maintained strong profitability and cash generation with an operating netback of $45.14/boe, while reducing bank debt by $175 million and ending the quarter with substantial liquidity.

• Continues to deliver meaningful shareholder returns through its quarterly dividend, currently C$0.385 per share (annualized at C$1.54 per share).

• Management can discuss the successful Frontera integration, production growth outlook, reserve expansion, exploration catalysts, capital allocation priorities, and the long-term value creation potential of the combined company