Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 7 Key Information 7 Company Overview 7 Parex Resources Inc., Valuation and Financial Data 8 Parex Resources Inc., Share Price Performance 8 Share Price Performance, Q1, 2015-Q1, 2016 8 Parex Resources Inc., Key Valuation Metrics 9 Key Valuation Metrics, Q1, 2015-Q1, 2016 9 Parex Resources Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 10 Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 10 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 11 Parex Resources Inc., Quarterly E&P Costs Trends 12 Upstream Capital Expenditure, Q1, 2015-Q1, 2016 12 Parex Resources Inc., Quarterly Production Trends 13 Parex Resources Inc., Total Oil and Gas Production 13 Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 13 Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 14 Parex Resources Inc., Crude Oil Production 15 Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 15 Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 16 Parex Resources Inc., Natural Gas Production 17 Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 17 Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 18 Parex Resources Inc., Valuation and Financial Data, 2011-2015 19 Parex Resources Inc., Share Price Performance, 2011-2015 19 Share Price Performance, 2011-2015 19 Key Valuation Metrics, 2011-2015 20 Parex Resources Inc., Production and Reserves Trends 21 Total Oil and Gas, Reserves and Production 21 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 21 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 22 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 24 Crude Oil/Liquids Production and Reserve 25 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 25 Crude Oil Production and Reserves By Country/Region, 2011-2015 26 Crude Oil/Liquids Reserve Changes, 2011-2015 28 Natural Gas Production and Reserve 29 Natural Gas Production and Reserve Trend, 2011-2015 29 Natural Gas Production and Reserves, By Country/Region, 2011-2015 30 Natural Gas Reserve Changes, 2011-2015 31 Total Crude Oil and Natural Gas Reserves Life Index 32 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 32 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 33 Parex Resources Inc., E&P Costs Trends 35 Allocation of the Upstream Capital Expenditure 35 Upstream Capital Expenditure, 2011-2015 35 Acquisition Costs By Country/Region, 2011-2015 36 Exploration and Development Costs, By Country/Region, 2011-2015 38 Oil and Gas Cost Per boe, US$/boe 40 Oil and Gas Cost Per boe, US$/boe, 2011-2015 40 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 41 Parex Resources Inc., Reserve Replacement Ratio 43 Oil and Gas Production Replacement Ratio 43 Oil and Gas Production Replacement Ratio, 2011-2015 43 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 45 Parex Resources Inc., Results of Oil & Gas Operations Trend 49 Oil and Gas Revenue and Expenses 49 Oil and Gas Revenue and Expenses, 2011-2015 49 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 50 Oil and Gas Revenue and Expenses, Per boe 54 Oil and Gas Revenue and Expenses, By boe, 2011-2015 54 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 55 Oil and Gas Performance Metrics 58 Parex Resources Inc., Land Holdings and Well Data 59 Developed and Undeveloped Acreage 59 Gross and Net Developed and Undeveloped Acreage, 2011-2015 59 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 60 Well Statistics 63 Producible Oil and Gas Well, 2011-2015 63 Producible Oil and Gas Well, By Country/Region, 2011-2015 64 Exploration and Development Wells Drilled, 2011-2015 67 Recent Developments 68 Parex Resources Inc. - Recent Developments 68 Oct 04, 2016: Parex Announces Appointments To The Board Of Directors 68 Sep 08, 2016: Parex Provides Operational Update & Upcoming Drilling Program 68 Aug 10, 2016: Parex reports 2016 second quarter results 69 Jul 07, 2016: Parex Provides Operational Update Highlighted By Jacana Field Extension 70 May 10, 2016: Parex Resources Announces 2016 First Quarter Results And Initiates 13 Well Drilling Program 71 Mar 08, 2016: Parex Resources Announces 2015 Fourth Quarter And Full Year 2015 Results 71 Feb 08, 2016: Parex Resources Increases 2P Reserves To 82 MMboe, Achieves 232% 2P Reserves Replacement, And Delivers 2P F&D Of USD$0.99/boe 74 Nov 05, 2015: Parex Announces Executive Management Changes 75 Nov 02, 2015: Parex Announces 2015 Third Quarter Results Highlighted By Record Production And Balance Sheet Strength 76 Nov 02, 2015: Parex 2016 Guidance: 10% Growth To 30,200 bopd 77 Appendix 80 Methodology 80 Coverage 80 Secondary Research 80 Primary Research 80 Data Information Sources 81 Company Source 81 SEC/Other Regulatory Filings 81 Other Sources 81 Expert Panel Validation 81 Data Definition 81 Oil and Gas Reserves 81 Units of Measure 82 About GlobalData 82 Disclosure 82 Disclaimer 82

List of Tables Table 1: Parex Resources Inc., Key Facts 7 Table 2: Parex Resources Inc., Share Price Performance, Q1, 2015-Q1, 2016 8 Table 3: Parex Resources Inc., Key Valuation Metrics, Q1, 2015-Q1, 2016 9 Table 4: Parex Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 10 Table 5: Parex Resources Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 11 Table 6: Parex Resources Inc., Upstream Capital Expenditure, Q1, 2015-Q1, 2016 12 Table 7: Parex Resources Inc., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 13 Table 8: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 14 Table 9: Parex Resources Inc., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 15 Table 10: Parex Resources Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 16 Table 11: Parex Resources Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 17 Table 12: Parex Resources Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 18 Table 13: Parex Resources Inc., Share Price Performance, 2011-2015 19 Table 14: Parex Resources Inc., Key Valuation Metrics, 2011-2015 20 Table 15: Parex Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21 Table 16: Parex Resources Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 23 Table 17: Parex Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 24 Table 18: Parex Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25 Table 19: Parex Resources Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 27 Table 20: Parex Resources Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 28 Table 21: Parex Resources Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29 Table 22: Parex Resources Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 30 Table 23: Parex Resources Inc., Natural Gas Reserve Changes, bcf, 2011-2015 31 Table 24: Parex Resources Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 32 Table 25: Parex Resources Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 34 Table 26: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 35 Table 27: Parex Resources Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 37 Table 28: Parex Resources Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 39 Table 29: Parex Resources Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 40 Table 30: Parex Resources Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 42 Table 31: Parex Resources Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 44 Table 32: Parex Resources Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 48 Table 33: Parex Resources Inc., Revenue and Expenses, US$ mil, 2011-2015 49 Table 34: Parex Resources Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 53 Table 35: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 54 Table 36: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 57 Table 37: Parex Resources Inc., Oil and Gas Performance Metrics, 2011-2015 58 Table 38: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 59 Table 39: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 62 Table 40: Parex Resources Inc., Producible Oil and Gas Wells, 2011-2015 63 Table 41: Parex Resources Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 66 Table 42: Parex Resources Inc., Exploratory and Developed Wells, 2011-2015 67 List of Figures Figure 1: Parex Resources Inc., Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 8 Figure 2: Parex Resources Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 9 Figure 3: Parex Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 10 Figure 4: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 12 Figure 5: Parex Resources Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 13 Figure 6: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 14 Figure 7: Parex Resources Inc., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 15 Figure 8: Parex Resources Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 16 Figure 9: Parex Resources Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 17 Figure 10: Parex Resources Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 18 Figure 11: Parex Resources Inc., Share Price Performance, CAD/Share, 2011-2015 19 Figure 12: Parex Resources Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 20 Figure 13: Parex Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21 Figure 14: Parex Resources Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 22 Figure 15: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 22 Figure 16: Parex Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 24 Figure 17: Parex Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25 Figure 18: Parex Resources Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 26 Figure 19: Parex Resources Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 26 Figure 20: Parex Resources Inc., Crude Oil Reserve Changes, mmbbl, 2015 28 Figure 21: Parex Resources Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29 Figure 22: Parex Resources Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 30 Figure 23: Parex Resources Inc., Natural Gas Reserve Changes, bcf, 2015 31 Figure 24: Parex Resources Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 32 Figure 25: Parex Resources Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 33 Figure 26: Parex Resources Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 33 Figure 27: Parex Resources Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 34 Figure 28: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 35 Figure 29: Parex Resources Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 36 Figure 30: Parex Resources Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 36 Figure 31: Parex Resources Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 32: Parex Resources Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 33: Parex Resources Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 40 Figure 34: Parex Resources Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 41 Figure 35: Parex Resources Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 41 Figure 36: Parex Resources Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 42 Figure 37: Parex Resources Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 43 Figure 38: Parex Resources Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 45 Figure 39: Parex Resources Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 45 Figure 40: Parex Resources Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 46 Figure 41: Parex Resources Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 46 Figure 42: Parex Resources Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 47 Figure 43: Parex Resources Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 47 Figure 44: Parex Resources Inc., Revenue and Expenses, US$ mil, 2011-2015 49 Figure 45: Parex Resources Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 50 Figure 46: Parex Resources Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 50 Figure 47: Parex Resources Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 51 Figure 48: Parex Resources Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 51 Figure 49: Parex Resources Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 52 Figure 50: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 54 Figure 51: Parex Resources Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 55 Figure 52: Parex Resources Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 55 Figure 53: Parex Resources Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 56 Figure 54: Parex Resources Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 56 Figure 55: Parex Resources Inc., Oil and Gas Performance Metrics, 2011-2015 58 Figure 56: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 59 Figure 57: Parex Resources Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 60 Figure 58: Parex Resources Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 60 Figure 59: Parex Resources Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 61 Figure 60: Parex Resources Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 61 Figure 61: Parex Resources Inc., Producible Oil and Gas Wells, 2011-2015 63 Figure 62: Parex Resources Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 64 Figure 63: Parex Resources Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 64 Figure 64: Parex Resources Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 65 Figure 65: Parex Resources Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 65 Figure 66: Parex Resources Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 66 Figure 67: Parex Resources Inc., Exploratory and Developed Wells, 2011-2015 67