Parex Resources Inc. · TSX:PXT
Parex Resources — Merger or Acquisition (October 2025)
8 slides from Parex Resources's merger presentation, Oct 29, 2025
Slide 1: Vision to Create Colombia's Premier Energy Company
Parex Resources Vision to Create Colombia’s Premier Energy Company October 29, 2025 On October 29, 2025, Parex announces that it submitted a Proposal (the “Proposal”) to the Board of Directors of GeoPark (NYSE: GPRK) to acquire all outstanding common shares of GeoPark for US$9.00 per share in cash.
Slide 2: Significant, Immediate & Certain Value for GeoPark Shareholders
Significant, Immediate & Certain Value for GeoPark Shareholders Substantial premium to GeoPark’s recent trading levels Proposed transaction provides significant, GeoPark Share Price(1) immediate & certain value for GeoPark US$9.00 Per Share Proposal $9 shareholders, including: ✓ US$9/share All-cash
Slide 3: Proposal Details
Proposal Details Proposal submitted on September 4, 2025 Price and ▪ Parex proposed to acquire all outstanding common shares of GeoPark for US$9.00 per share in Consideration cash ▪ Cash consideration to be funded from cash on hand, committed lines of credit and/or other Source of Funds available so
Slide 4: Disclosure of Proposal and Position Follows Lack of Engagement
Disclosure of Proposal and Position Follows Lack of Engagement Second time in four years that GeoPark has failed to engage on a transaction following a formal approach December 2021 ▪ Parex submits a proposal to acquire GeoPark in a cash and share transaction at a sizable premium, which included a s
Slide 5: Maximizing Value for All Shareholders
Maximizing Value for All Shareholders A successful transaction could provide immediate, compelling and certain value to GeoPark shareholders, while creating significant, long-term value creation for Parex shareholders ✓ Significant premium ✓ Logical combination ✓ Immediate & certain value ✓ Material
Slide 6: Contact Information
Contact Information Mike Kruchten Senior Vice President, Capital Markets & Corporate Planning 403-517-1733 investor.relations@parexresources.com Steven Eirich Senior Investor Relations & Communications Advisor 587-293-3286 investor.relations@parexresources.com Parex Resources Inc. 2700 Eighth Avenue
Slide 7: Cautionary Statements
Cautionary Statements This presentation is provided for informational purposes only as of October 29, 2025, is not complete and may not contain certain material information about Parex Resources Inc. ("Parex" or the "Company"), including important disclosures and risk factors associated with an inve
Slide 8: Cautionary Statements
Cautionary Statements Information Regarding GeoPark This presentation includes information (including forward-looking information) relating to GeoPark, including the GeoPark Share Price Chart, statements regarding GeoPark's net debt value ("GeoPark Net Debt Data") and GeoPark's Colombian year-end 20
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