The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

An investor analyzing a stock chart.
An investor analyzing a stock chart.
(B Szewczyk/Getty Images/iStockphoto)

Parex surges as Colombian reserves beat expectations

Parex Resources Inc. is making a habit of reporting hefty jumps in Colombian oil reserves each July.

The Calgary-based company beat expectations for the second time in as many years with data showing an 80 per cent increase in proved plus probable reserves in six months to 58 million barrels of oil equivalent.