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BRIEF-Pacific Exploration reports Q3 net loss of $1.97 per share

Published 2015-11-05, 06:11 a/m
© Reuters.  BRIEF-Pacific Exploration reports Q3 net loss of $1.97 per share
FEC
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Nov 5 (Reuters) - Pacific Exploration and Production Corporation PRE.TO :
* Pacific announces third quarter 2015 results: successful oil price hedging
and sustainable cost cutting strengthen balance sheet and mitigate weak
pricing
* Q3 revenue $670 million versus I/B/E/S view $699 million
* Pacific exploration and production corp says production continues to be on
track with internal plans and within guidance of 150 to 156 mboe/d for 2015
* Intention to hedge as much as 40% of production in H1 2016 to protect against
further oil price weakness
* Q3 net production after royalties totaled 152,915 boe/d versus 152,428 boe/d
in previous quarter
* Qtrly net loss per share $1.97

* Source text for Eikon ID:nCNWnBmjya
* Further company coverage PRE.TO

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