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WEBCAST ALERT: Parallel Petroleum Announces Management Presentation at IPAA Oil & Gas Investment Symposium Small Cap.


MIDLAND, Texas Midland is the county seat of Midland CountyGR6 located on the Southern Plains of the western area of the U.S. State of Texas. As of the 2006 U.S. Census estimate, the city had a total population of 102,073.  -- Parallel Petroleum Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:PLLL) today announced that its President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Larry C. Oldham, will present at the IPAA IPAA International Psychoanalytical Association.  Oil & Gas Investment Symposium (OGIS OGIS Open Geodata Interoperability Specification (now OpenGIS)
OGIS Office of Government Information Services
OGIS Office of Government Information Services (US)
OGIS Open Geographic Information System
) Small Cap on Wednesday, February 8, 2006, at 11:20 a.m. Eastern Time. The conference will be held at The Westin Diplomat Resort located in Hollywood, Florida Hollywood is a city in Broward County, Florida, United States. As of 1 July 2006, the population estimated by the U.S. Census Bureau is 145,879.[3] Founded in 1925, the city grew rapidly in the 1950s and 1960s, and is now the ninth largest city in Florida.  on Tuesday through Thursday, February 7-9, 2006.

Parallel's OGIS West presentation will be webcast, complete with slide show. The webcast and slide show may be accessed live on Wednesday, February 8, 2006, at 11:20 a.m. Eastern Time (10:20 a.m. Central Time), at Parallel's web site, http://www.plll.com, or at http://www.investorcalendar.com/CEPage.asp?ID=100495.

About the 2006 Oil and Gas Investment Symposium Small Cap

The Independent Petroleum Association of America (IPAA), the national trade association for the independent oil and gas industry, is hosting the 2006 Oil and Gas Investment Symposium. IPAA describes the conference as follows: OGIS Small Cap is an outlet for publicly traded U.S. independent producers and service and supply companies with market caps of up to $1 billion to present their corporate profiles to the investment community. Don't miss this opportunity to learn the latest trends in the industry from some of the most successful U.S. independent oil and gas companies.

Attendees will hear 20-minute presentations from over forty (40) corporate executives followed by 30-minute breakout sessions. Additional time will be set aside for companies to hold one-on-one sessions with analysts. This event also provides analysts and investors with excellent opportunities to network with corporate executives during luncheons, receptions, and dinners.

OGIS Small Cap is patterned after IPAA's highly successful OGIS New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and OGIS West conferences, which attracted close to 2,000 attendees last year. To learn more about the conference, visit IPAA's web site at http://www.ipaa.org.

About Parallel Petroleum Corporation

Parallel Petroleum is an independent energy company headquartered in Midland, Texas, engaged in the acquisition, exploration, development and production of oil and gas using 3-D seismic technology and advanced drilling, completion and recovery techniques. Parallel's primary areas of operation are the Permian Basin The Permian Basin is a sedimentary basin largely contained in the western part of the U.S. state of Texas. It reaches from just south of Lubbock, Texas, to just south of Midland & Odessa, extending westward into the southeastern part of the adjacent state of New Mexico.  of West Texas and New Mexico, North Texas Barnett Shale, Onshore Gulf Coast of South Texas, East Texas and Utah/Colorado. Additional information on Parallel Petroleum Corporation is available at http://www.plll.com.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 1, 2006
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