Remora Energy partially divests Llanos Basin portfolio to Parex Resources for US$255 million
Parex Resources is to acquire part of Remora Energy's Colombian portfolio for US$255 million. Following on from Gran Tierra Energy's recent acquisition of Petrolifera Petroleum, this deal represents further consolidation of the junior space in Latin America, particularly in Colombia. Activity amongst international small caps, Canadian juniors in particular, is an important and growing theme in the regional M&A market. Colombia, Argentina, Trinidad & Tobago and Peru are ...