Parex Resources Announces Current Oil Production of 11,000 bopd

Parex Resources Inc. (TSX:PXT) reported that recent oil production has reached 11,000 barrels of oil per day.

As quoted in the press release:

Recent Highlights (post September 12, 2011 press release):

• Signed a farm-in agreement to acquire 35 percent working interest on the El Eden Block in the Llanos Basin;

• Continued successful delineation of the Kona field with Kona-3 and Kona-10 brought on-stream at a total production rate of approximately 2,500 bopd;

• Signed a contract to import two modern and efficient drilling rigs to Trinidad, with anticipated drilling to begin prior to year end 2011; and

• Increased current production up to approximately 11,000 bopd.

Click here to read the Parex Resources Inc. (TSX:PXT) press release