Parex Resources Inc. provided production guidance for the second quarter and full year of 2023. Parex’s average production guidance of 57,000 to 63,000 boe/d for full year 2023 had been widened relative to previous years in order to better account for above ground factors that can at times impact Colombian operations.

Parex's 2023 activity plan continues to progress strongly and thus the Company expects to be within its 2023 annual average production guidance range in second quarter of 2023 and for the full year of 2023, assuming a timely resolution at Northern Llanos.