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PARALLEL PETROLEUM CORP

US:PLLL1
No current share price held for this company.

Past year: ▼ 0%(1.21 – 3.17 USD)

Market cap
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Shares on issue
—
Story beats
6 since 2006
Last event
22 Dec 2009

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

24 Feb 2009resource reserve update▼ BadMajor

Production held up in late 2008 at 7,641 barrels of oil equivalent a day, but reserves did not: proved reserves fell 13% to 33.2 million barrels of oil equivalent after an 8.2 million barrel downward revision driven purely by the price collapse, oil having gone from $96 to $45. The value of those reserves halved, to about $308 million.

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