April 11 (Reuters) - Pacific Exploration And Production
Corporation PRE.TO
* Continues to work with its creditors to formulate a
comprehensive financial restructuring
* Continues to evaluate methods to restructure its balance
sheet, ensure long-term viability of its business
* A number of proposals have been received from third
parties regarding restructuring
* Board formed independent committee of directors to provide
recommendation with respect to potential restructuring
* Company and its creditors are working to finding best
alternative for long-term interests of company
Source text for Eikon: ID:nCNWMCW2Ka
Further company coverage: PRE.TO
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