US EditionParex Resources Announces Proposal to Acquire Frontera Energy’s Colombian E&P Assets
6 Articles
6 Articles
The Hamilton Spectator
Parex Resources Announces Proposal to Acquire Frontera Energy’s Colombian E&P Assets
CALGARY, Alberta, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT), announced today that it has submitted an acquisition proposal (the “Proposal”) to the Board of Directors (the “Frontera Board”) of Frontera Energy Corporation…
Parex's offer is known to total US$500 million and represents a premium of US$125 million compared to the existing acquisition agreement with GeoPark
Imad Mohsen, president and CEO of Parex. Image: artphotostudio through Freepik/Parex The Canadian company Parex, dedicated to the exploitation of oil and gas, reported that it presented to the Board of Directors of Frontier Energy a proposal to acquire its exploration and production business in Colombia. The amounts of that offer amounted to US$500 million, plus the assumption of the debt. In addition, an additional payment of US$25 million woul…
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