March 7, 2017 / 11:18 PM / in 8 months

BRIEF-Parex Resources announces 2016 Q4, full year results

March 8 (Reuters) - Parex Resources Inc

* Parex Resources announces 2016 fourth quarter and full year results

* Parex Resources Inc - funds flow from operations in q4 of 2016 was $51.8 million or $0.33 per share

* Parex Resources Inc - expect q1 2017 production to average 32,000 boe/d compared to 31,049 boe/d in q4 2016

* Parex Resources Inc - at current oil prices, expect 2017 planned capital expenditures to be fully funded by funds flow from operations

* Parex Resources Inc - sees fy total capital expenditures $200-$225 million

* Parex Resources -qtrly average quarterly oil and natural gas production of 31,049 boe per day, an increase of 8.6% over prior year comparative period

* Parex Resources Inc - sees fy average annual production 34,000-36,000 boe/d

* Parex Resources Inc - developed a plan to drill 9 to 14 additional wells in 2017 Source text for Eikon: Further company coverage:

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