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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery lost 70 cents to $46.05 on the New York Merc, while Brent for October lost $1.07 to $49.61 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.30 to WTI ($32.75), up from a discount of $14.10. Natural gas for October lost seven cents to $2.655. The TSX energy index lost 1.16 points to close at 171.58.

Wayne Foo's Parex Resources Ltd. (PXT) added 13 cents to $9.51 on 1.45 million shares, after raising its 2015 production guidance to reflect exploration successes in Colombia. This is not unexpected, given that the company previously promised to "revisit" the guidance if it made discoveries and it has now made them at the Tilo, Rumba/Bazar, Chachalaca and Jacana prospects. Some of those were announced by Parex earlier this year and some were announced by one of its joint venturers, Geopark, over the last week. GeoPark works with Parex at the LLA-34 block, the site of all the above-mentioned discoveries except Rumba/Bazar, which is wholly owned by Parex and is on block LLA-26.

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