May 3 (Reuters) - Pacific Exploration And Production
Corporation PRE.TO
* Announces that it has filed for recognition proceeding
under Law 1116 in connection with previously announced
comprehensive restructuring involving Catalyst Capital and
Pacific's noteholders and lenders
* All operations of subsidiaries including Colombian
branches, are expected to continue normal throughout process
* Employees will continue to be paid throughout this
process, without disruption
* Expects regular payments to be made to all suppliers,
trade partners, contractors
* Restructuring transaction has received support from
creditors
Source text for Eikon: ID:nCNWBlr0Wa
Further company coverage: PRE.TO
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