Parex (TSE:PXT) has released an update.
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Parex Resources Inc. has reported strong first quarter 2024 results, including a significant operational milestone with the start of production at the high-performing Arauca-8 well in Colombia and a robust funds flow from operations. The company is on track with its 2024 production guidance and has declared an increased Q2 dividend, reflecting confidence in its financial health and commitment to shareholder value. Parex has also strategically expanded its exploration portfolio with new agreements in Colombia’s Llanos Foothills, indicating potential for future growth.
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