Sept 29 (Reuters) - Pacific Exploration and Production Corporation PRE.TO :
* Obtained waivers in respect of covenant that requires co to maintain
consolidated net worth above u.s.$1 billion
* Says waivers are effective immediately and will terminate on December 28,
2015
* During this period, co will be in discussions with lenders to address
concerns during low oil price environment
* Source text for Eikon ID:nPnbljsW5
* Further company coverage PRE.TO