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BRIEF-Oryx Petroleum Q3 loss per share $2.56 per share

Published 2015-11-11, 05:44 p/m
© Reuters.  BRIEF-Oryx Petroleum Q3 loss per share $2.56 per share
FORZ
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Nov 11 (Reuters) - Oryx Petroleum Corporation Ltd OXC.TO :
* Third quarter 2015 financial and operational results and 2016 capital budget
* Sees 2016 cash capital expenditure budget of $90 million
* Qtrly total revenues of $4.2 million on working interest sales of 170,000
barrels of oil
* Q3 loss per share $2.56 per share
* Q3 results including a $310.8 impairment charge related to the hawler, wasit
and oml 141 license areas
* Says $50-$75 million of additional capital is required to fund all budgeted
cash expenditures in 2016
* Sees cash on hand,credit facility,net revenues assuming a $55/barrel brent
price to fund operations into Q2
* In advanced discussions with several parties" for additional capital to fund
2016 plans

* Source text for Eikon ID:nCNWBcgyna

* Further company coverage OXC.TO

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