Brief: Oryx Petroleum Announces Steps To Reduce Costs And Secure Operations

Forza Petroleum

27/03/2020 20:37

March 27 (Reuters) - Oryx Petroleum Corporation Ltd
 OXC.TO :
    * ORYX PETROLEUM ANNOUNCES STEPS TO REDUCE COSTS AND SECURE
OPERATIONS
    * ORYX PETROLEUM CORPORATION LTD - IS INDEFINITELY
SUSPENDING ITS
PREVIOUSLY ANNOUNCED 2020 CAPITAL EXPENDITURE PROGRAM
    * ORYX - NOTICES OF TERMINATION ISSUED TO MOST OF GENEVA
OFFICE
STAFF,INCLUDING VANCE QUERIO, CEO, & SCOTT LEWIS, HEAD OF
CORPORATE FINANCE AND PLANNING
    * ORYX PETROLEUM CORPORATION - STEPS WILL ALSO BE TAKEN IN
COMING
WEEKS TO SUSPEND CERTAIN OIL PRODUCTION OPERATIONS
    * ORYX PETROLEUM - QUERIO WILL SERVE OUT HIS EXTENDED NOTICE
PERIOD TO ENSURE A SMOOTH TRANSITION OF RESPONSIBILITIES.
    * ORYX PETROLEUM CORPORATION - JEAN CLAUDE GANDUR WILL
CONTINUE IN
HIS ROLE AS EXECUTIVE CHAIR OF CORPORATION
    * ORYX PETROLEUM - EXPECTS STEPS TO SIGNIFICANTLY IMPACT
CORP'S
PRODUCTION RATES FROM HAWLER LICENSE AREA UNTIL OPERATIONS CAN
BE REESTABLISHED

Source text for Eikon:  ID:nCNWmw32ta 
Further company coverage:  OXC.TO 

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