Parex Resources Inc. (“Parex”), through its direct and indirect subsidiaries, is actively engaged in crude oil exploration, development and production. The Company strives to grow reserves, production, and cash flow in a way that is sustainable for the business, the environment and surrounding communities.

Focused on South America

Parex is conducting exploration activities in Colombia.

Committed to Social Responsibility

Parex is developing energy resources in a manner that is respectful of the environment and communities surrounding its operations as it builds a portfolio of drilling opportunities and advances its exploration and development program.

From our headquarters in Calgary to all our operating locations, we are committed to an in-depth and organizational-wide Corporate Social Responsibility mandate. We have developed policies and practices that complement our basic responsibilities as a development tool for local communities in jurisdictions in which we operate.

Corporate Social Responsibility Strategy

Our strategy is based on the following principles:

• Creating local employment opportunities in the oil industry as well as in other existing local industries;
• Providing education and training programs to strengthen communities and local authority relationships, while identifying new markets for local goods and services, and reducing dependence on industry support; and
• Engaging communities in studies and processes related to environmental management by combining Parex’ expertise with local knowledge.

Our efforts are well received by local communities and are contributing to maintaining positive relationships in and around our operations.