Parallel Energy Trust reported unaudited earnings results for the third quarter ended September 30, 2013. For the quarter, the company reported revenue, net of royalties was CAD 24,483,000 against CAD 16,759,000 a year ago. Funds from operations were CAD 10,788,000 against CAD 8,433,000 a year ago. Distributions were CAD 7,983,000 against CAD 12,264,000 a year ago. Capital expenditures including workovers were CAD 1,126,000 against CAD 10,637,000 a year ago.

For the quarter, the company reported production of Natural gas of 13,931 mcf per day against 10,630 mcf per day a year ago. Condensate was 1,594 bbls per day against 1,336 bbls per day a year ago. Natural Gas Liquids of 3,185 bbls per day against 2,689 bbls per day a year ago. Total production was 7,100 boe per day against 5,797 boe per day a year ago.

Based on field data, Parallel's average daily production to date in the fourth quarter is approximately 7,400 boe/day.

Based on these results, the Trust maintains its full year average daily production guidance of 7,000 boe/day and its previously increased exit rate production guidance of 7,300 boe/day.