November 18, 2013 / 1:17 PM / in 4 years

BRIEF-Parex Resources says 2014 guidance highlighted by cash flow funded 15 pct production growth

Nov 18 (Reuters) - Parex Resources Inc : * Announces 2014 guidance highlighted by cash flow funded 15% production growth * Says plans a self funding 2014 capital investment program of approximately

$250 million * Sees 2014 average production range of 17,500-18,500 bopd as compared to the

2013 average of approximately 15,700 bopd * Sees 2014 base capital budget is $250 million, an increase of 10% compared to

an expected full year 2013 range of $225-$235 million * Says may increase the 2014 capital budget by up to $30 million as contingent

capital * Source text for Eikon * Further company coverage

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below