June 25 (Reuters) - Parex Resources Inc PXT.TO :
* PAREX DELIVERS THE 24TH CONSECUTIVE QUARTER OF GROWTH
* ESTIMATE THAT Q2 2018 PRODUCTION TO AVERAGE 42,500 BARRELS OF OIL EQUIVALENT PER DAY
* EXPECT AVERAGE Q3 2018 PRODUCTION TO EXCEED 44,000 BOE/D.
* PAREX -EXPECTS TO COMPLETE VOLUNTARY COLOMBIA TAX RESTRUCTURING PRIOR TO JUNE 30, 2018 THAT WOULD INCREASE Q2 CURRENT TAX EXPENSE TO ABOUT $175 MILLION
* STRATEGIC RATIONALE FOR COLOMBIA TAX RESTRUCTURING IS TO MAKE COMPANY'S TAX STRUCTURE MORE EFFICIENT
* EXPECTS TO FUND TAX RESTRUCTURING WITH EXISTING WORKING CAPITAL SURPLUS, WHICH WAS $205 MILLION AS OF MARCH 31, 2018