Calgary-based Parex Resources (TSX-V: PXT) could increase 2011 capex plans following a successful drilling campaign in Colombia and Trinidad this year, according to company CEO Wayne Foo.
Parex this year plans to drill eight wells in Colombia and three in Trinidad.
"We're obviously pleased by what we've seen to date and if we were going to go either up or down, I think our bias would be towards up in order to incorporate development capital," said Foo, when asked about next year's capex plans.
Parex this year plans to drill eight wells in Colombia and three in Trinidad.
"We're obviously pleased by what we've seen to date and if we were going to go either up or down, I think our bias would be towards up in order to incorporate development capital," said Foo, when asked about next year's capex plans.
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