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Company News

BRIEF-Parex Resources Reports Q1 EPS Of $0.46

May 8 (Reuters) - Parex Resources Inc:

* PAREX RESOURCES ANNOUNCES 2018 FIRST QUARTER RESULTS

* Q1 EARNINGS PER SHARE $0.46

* QTRLY PRODUCTION WAS 40,586 BOE/D , REPRESENTING AN INCREASE OF 25 PERCENT OVER THREE MONTHS ENDED MARCH 31, 2017

* EXPECT Q2 2018 PRODUCTION TO AVERAGE 42,000 BOE/D

* QTRLY FUNDS FLOW FROM OPERATIONS $0.65 PER BASIC SHARE

* FY PRODUCTION EXPECTED TO AVERAGE 43,000 BOE/D, WHICH IS TOP-END OF 2018 PRODUCTION GUIDANCE RANGE OF 41,000-43,000 BOE/D Source text for Eikon: Further company coverage:

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