New Board Appointment Enhances Parex Resources' Leadership

New Leadership Addition at Parex Resources

Parex Resources Inc. is thrilled to share a significant development within its leadership team with the recent appointment of Alberto Consuegra to the Board of Directors. This decision, effective as of June 1, 2025, marks an exciting turn for the company as it continues to strengthen its strategic direction in the energy sector.

Experience That Matters

Alberto Consuegra is not just any addition to the Board. With over 30 years of robust experience in the energy industry, his extensive background is poised to enhance Parex’s governance considerably. Mr. Consuegra has previously held notable positions such as Chief Operating Officer at Ecopetrol, which is recognized as Colombia's national oil company. His time at Ecopetrol also included a pivotal role as the interim Chief Executive Officer, where he guided the company through critical initiatives.

A Proven Track Record

Moreover, Mr. Consuegra's experience extends to other key positions within the energy sector, including serving as President of Cenit Transporte y Logística de Hidrocarburos S.A.S. and Vice President of Supply and Services at Ecopetrol. His career journey also includes significant roles with Equion Energia Ltd. and BP Exploration, further showcasing his comprehensive expertise and leadership capabilities.

Educational Credentials

In addition to his impressive experience, Mr. Consuegra holds a civil engineering degree from Universidad de Cartagena, complemented by a master’s degree in civil engineering from Texas A&M University. This strong educational background, combined with his expansive professional history, brings a wealth of knowledge to the Board.

Company Insights

The excitement surrounding Mr. Consuegra’s appointment is echoed by Wayne Foo, Chair of Parex’s Board of Directors, who voiced confidence in his contributions to the company’s success. “We are excited to welcome Alberto to our Board of Directors and believe his Colombia-focused energy expertise will contribute to the ongoing success of Parex,” stated Foo. This sentiment highlights the strategic importance of Mr. Consuegra's role in shaping the future of Parex Resources.

About Parex Resources Inc.

Parex Resources is recognized as one of the largest independent oil and gas companies operating in Colombia. The firm is dedicated to sustainable conventional production, establishing itself as a leader in environmentally responsible energy practices. With corporate headquarters located in Calgary, Canada, and an operational office in Bogotá, Colombia, Parex is well-positioned in the market. Shares of Parex are actively traded under the symbol PXT on the Toronto Stock Exchange.

Contact Information

For further inquiries or information about Parex Resources, please reach out to:

Mike Kruchten
Senior Vice President, Capital Markets & Corporate Planning
Parex Resources Inc.
403-517-1733
investor.relations@parexresources.com

Steven Eirich
Senior Investor Relations & Communications Advisor
Parex Resources Inc.
587-293-3286
investor.relations@parexresources.com

Frequently Asked Questions

Who is the newly appointed director at Parex Resources?

Alberto Consuegra has been appointed to the Board of Directors at Parex Resources.

What experience does Alberto Consuegra bring?

He brings over 30 years of experience in the energy sector, including roles at Ecopetrol and BP Exploration.

What is Parex Resources focused on?

Parex Resources is focused on sustainable conventional production within the oil and gas industry.

Where are Parex Resources' headquarters located?

The company is headquartered in Calgary, Canada, with an operational office in Bogotá, Colombia.

What stock exchange is Parex Resources listed on?

Parex Resources trades on the Toronto Stock Exchange under the ticker symbol PXT.

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