Brief: Parex Resources Announces Appointment To The Board Of Directors, Production Update And Acceleration Of Share Buybacks

Parex Resources

13/07/2022 22:02

July 13 (Reuters) - Parex Resources Inc  PXT.TO :
    * PAREX RESOURCES ANNOUNCES APPOINTMENT TO THE BOARD OF
DIRECTORS,
PRODUCTION UPDATE AND ACCELERATION OF SHARE BUYBACKS
    * PAREX RESOURCES INC- AVERAGE PRODUCTION IS ESTIMATED TO BE
APPROXIMATELY 51,143 BOE/D FOR Q2 2022
    * PAREX RESOURCES INC- EXPECTS 2022 FULL-YEAR PRODUCTION TO
AVERAGE 54,000 TO 56,000 BOE/D
    * PAREX RESOURCES INC- EXPECTS BY Q4 OF 2022 TO ACHIEVE
RECORD
PRODUCTION WITH AN EXPECTED EXIT RATE IN EXCESS OF 60,000 BOE/D
    * PAREX RESOURCES INC- AS OF JUNE 23, 2022, PAREX
ACCELERATED PACE
OF SHARE BUYBACKS UNDER ITS CURRENT NORMAL COURSE ISSUER BID

Source text for Eikon:  ID:nGNX2plQZ8 
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