March 8 (Reuters) - Parex Resources Inc PXT.TO
* 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: ID:nCCN8x9VMh Further company coverage: PXT.TO