May 8 (Reuters) - Parex Resources Inc PXT.TO :
* PAREX RESOURCES ANNOUNCES 2018 FIRST QUARTER RESULTS
* Q1 EARNINGS PER SHARE $0.46
* QTRLY PRODUCTION WAS 40,586 BOE/D , REPRESENTING AN INCREASE OF 25 PERCENT OVER THREE MONTHS ENDED MARCH 31, 2017
* EXPECT Q2 2018 PRODUCTION TO AVERAGE 42,000 BOE/D
* QTRLY FUNDS FLOW FROM OPERATIONS $0.65 PER BASIC SHARE
* FY PRODUCTION EXPECTED TO AVERAGE 43,000 BOE/D, WHICH IS TOP-END OF 2018 PRODUCTION GUIDANCE RANGE OF 41,000-43,000 BOE/D