CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is a company headquartered in Calgary, Alberta that focuses on sustainable, profitable, conventional oil and gas production. The Company is pleased to announce its financial and operating results for the year and the three months ended (“Fourth Quarter” or “Q4”) December 31, 2020. All amounts herein are in United States dollars (“USD”) unless otherwise stated. Please note that Parex will hold a conference call on Thursday, March 4, 2021 beginning at 9:30 AM Mountain Time to discuss the 2020 year-end and Q4 results. 2020 Financial and Operational Highlights Annual oil and natural gas production in 2020 averaged 46,518 barrels of oil equivalent per day (