Parex Resources Provides Exploration Update and Releases First Quarter Results

Parex Resources Inc. (TSX VENTURE:PXT) provided an exploration update for Colombia and Trinidad and announces its operating and financial results for the three months ended March 31, 2010.

The press release is quoted as saying:

Parex, through its direct and indirect subsidiaries, is engaged in oil and natural gas exploration, development and production in South America and the Caribbean region. Parex is conducting exploration activities on its 489,000 acre holdings in the Llanos Basin of Colombia and 223,500 acre holdings onshore Trinidad.

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