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

Mon Nov 18, 2013 8:15am EST
 
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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