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Parex Resources Inc (PXT.TO)

PXT.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Parex Resources Q1 earnings per share $0.26
Wednesday, 10 May 2017 05:35pm EDT 

May 10 (Reuters) - Parex Resources Inc ::Parex Resources announces 2017 first quarter results.Q1 earnings per share $0.26.Q1 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Says quarterly production was 32,591 boe/d (99% crude oil), representing an increase of 5 percent over previous quarter.Says Parex still expects to invest $200 - $225 million in capital projects in 2017.Says it is expected that activity levels will increase significantly in second half of 2017.Parex Resources - expect 2017 capital expenditures budget, funds flow from operations to be about $200-$225 million and production of 34,000-36,000 boe/d.Parex Resources Inc says expect q2 2017 production to average 34,000 boe/d for an overall increase of approximately 10% for first half of year.Qtrly funds flow from operations of $0.44 (or c$0.58) per basic share.  Full Article

Parex Resources announces 2016 Q4, full year results
Tuesday, 7 Mar 2017 05:58pm EST 

Parex Resources Inc : Parex Resources announces 2016 fourth quarter and full year results . Parex Resources Inc - funds flow from operations in q4 of 2016 was $51.8 million or $0.33 per share . Parex Resources Inc - expect q1 2017 production to average 32,000 boe/d compared to 31,049 boe/d in q4 2016 . Parex Resources Inc - at current oil prices, expect 2017 planned capital expenditures to be fully funded by funds flow from operations . Parex Resources Inc - sees fy total capital expenditures $200-$225 million . Parex Resources -qtrly average quarterly oil and natural gas production of 31,049 boe per day, an increase of 8.6% over prior year comparative period . Parex Resources Inc - sees fy average annual production 34,000-36,000 boe/d .Parex Resources Inc - developed a plan to drill 9 to 14 additional wells in 2017.  Full Article

Parex Resources Inc says Wayne Foo to retire as CEO
Monday, 6 Feb 2017 05:05pm EST 

Parex Resources Inc : Parex announces executive and board of directors appointments . Parex Resources Inc- Wayne Foo is to retire as chief executive officer of Parex .Parex Resources Inc - Dave Taylor, Parex' current president, will assume role of president and chief executive officer.  Full Article

Parex Resources sees FY production of 34,000-36,000 boe/d
Monday, 9 Jan 2017 05:04pm EST 

Parex Resources Inc - : For Q1 2017, we expect production to average 32,000 boe/d . Parex Resources Inc sees 2017 capital expenditures to be in the range of $200-$225 million fully funded from cash flow, including drilling 39-44 wells . Q4 2016 production was approximately 31,000 boe/d (99% crude oil) compared to 29,754 boed/d in prior quarter .Parex Resources Inc sees FY production of 34,000-36,000 boe/d.  Full Article

Parex reports qtrly FFO $0.30
Thursday, 10 Nov 2016 06:03pm EST 

Parex Resources Inc : Quarterly oil and natural gas production was 29,754 barrels of oil equivalent per day (BOE/D), up nine percent . Parex Resources Inc- qtrly FFO $0.30 .Parex announces 2016 third quarter results highlighted by the Jacana field continued development.  Full Article

Parex sees 2017 full year production: 34,000-36,000 BOPD
Thursday, 10 Nov 2016 05:59pm EST 

Parex Resources Inc : Parex Resources Inc sees 2017 full year production: 34,000-36,000 BOPD . Parex Resources Inc sees 2017 average production of approximately 34,000-36,000 barrels of oil per day . Parex Resources - expect that 2017 capital budget of approximately $200-$225 million will be fully funded from funds flow from operations at current brent strip pricing. . Parex Resources Inc - anticipates production growth of 10 pct-20 pct in 2018 .Parex' 2017 guidance: cash flow funded growth to 34,000-36,000 BOPD.  Full Article

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BRIEF-Parex Resources Q1 earnings per share $0.26

* Q1 earnings per share view $0.19 -- Thomson Reuters I/B/E/S