June 24 (Reuters) - Parex Resources Inc PXT.TO :
* PAREX PLANS TO INCREASE PRODUCTION AND RE-START CAPEX PROGRAMS
* PAREX RESOURCES INC - Q2 2020 AVERAGE SALES VOLUMES ARE ESTIMATED AT 42,700 BARRELS OF OIL EQUIVALENT PER DAY
* PAREX RESOURCES INC - VOLUNTARILY CURTAILED Q2 PRODUCTION VOLUMES
* PAREX RESOURCES INC - EXPECT TO GRADUALLY INCREASE PRODUCTION INTO Q4 WITH A TARGETED RANGE OF 44,000-48,000 BOE/D
* PAREX RESOURCES INC - PRODUCTION IS CURRENTLY ABOVE 40,000 BOE/D
* PAREX RESOURCES INC - ESTIMATES Q3 2020 PRODUCTION TO AVERAGE 42,000-44,000 BOE/D.
* PAREX RESOURCES INC - WILL BE BUILDING CONTINGENT PLANS TO ADD A DIVERSE EXPLORATION PROGRAM FOR Q4 2020
* PAREX RESOURCES INC - COMPANY IS DEBT-FREE
* PAREX RESOURCES INC - ESTIMATED POTENTIAL H2 2020 CAPITAL PROGRAM OF $65-$70 MILLION FOR A TOTAL FULL-YEAR 2020 CAPITAL OF $145-$155 MILLION
* PAREX RESOURCES INC - AS AT MARCH 31, 2020, COMPANY'S WORKING CAPITAL WAS $330 MILLION
* PAREX RESOURCES INC SEES Q2 CAPITAL EXPENDITURES $10-$12 MILLION