Parallel Petroleum to Present at IPAA Oil & Gas Investment Symposium

Business Wire, Oct 2, 2008

MIDLAND, Texas -- Parallel Petroleum Corporation (NASDAQ: PLLL) announced today that its President & CEO, Larry Oldham, is scheduled to present at the Oil & Gas Investment Symposium (OGIS), hosted by the Independent Petroleum Association of America (IPAA), on October 6-8, 2008, at The Palace Hotel, 2 New Montgomery Street, in San Francisco, California.

Mr. Oldham's conference presentation will be Wednesday, October 8, 2008, at 11:20 a.m. Pacific Time (2:20 p.m. Eastern Time). The presentation will be webcast live and will be available on the Company's web site, http://www.plll.com.

The Company

Parallel Petroleum is an independent energy company headquartered in Midland, Texas, engaged in the exploitation, development, acquisition 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 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 is available via the internet at http://www.plll.com.