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CALGARY, Alberta, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announced an operational update inclusive...

Parex Resources has announced an operational update inclusive of crude oil discoveries. Also announced is the completion of purchases under its current normal course issuer bid (NCIB) and an update on its balance sheet.

Parex Operational Update & Industry Leading Share Buy-Back Program Parex Resources Inc. is a company headquartered in Calgary, Alberta that focuses on sustainable, profitable, conventional oil and gas production. All currency amounts are in United States dollars, unless otherwise stated. Operational Update Production: Q4 2020 average production is estimated at 46,550 boed compared to Parex’ guidance of 45,500-47,500 boed. We expect Q1 2021 production to average 46,500-47,500 … Parex Resourc...