Tuesday, 02 January 2024 12:17 GMT

Parex Resources Inc.


(MENAFN- Baystreet) 09:39 AM EST - Parex Resources Inc.: Announced that it has halted discussions with GeoPark Limited regarding the acquisition of GeoPark by Parex. Based on Parex's review of information provided by GeoPark since November 14, 2025, as well as virtual and in-person discussions with GeoPark management, Parex has determined that there is no basis to increase its view on the value of GeoPark common shares relative to the proposal to acquire all GeoPark shares for US$9.00 per share in cash, which Parex submitted to the GeoPark board of directors on September 4, 2025. Parex Resources Inc. shares T are trading down $0.96 at $18.21.

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