Brief: Oryx Petroleum Corp Reports Qtrly Loss Per Share $0.45

Forza Petroleum

22/06/2020 23:06

June 22 (Reuters) - Oryx Petroleum Corporation Ltd  OXC.TO :
    * ORYX PETROLEUM Q1 2020 FINANCIAL AND OPERATIONAL RESULTS
    * ORYX PETROLEUM CORPORATION LTD QTRLY TOTAL REVENUES OF
$31.9
MILLION ON WORKING INTEREST SALES OF 842,800 BARRELS OF OIL
    * ORYX PETROLEUM CORPORATION LTD QTRLY LOSS PER SHARE $0.45
    * ORYX PETROLEUM CORPORATION - SEES 2020 CAPEX TO BE $11
MILLION
VERSUS $53 MILLION PREVIOUS FORECAST
    * ORYX PETROLEUM - REVENUE DECREASED TO $31.9 MILLION IN Q1
2020
VERSUS $34.0 MILLION IN Q1 2019
    * ORYX PETROLEUM - AVERAGE OIL SALES PRICE REALISED IN Q1
2020 WAS
$34.03 PER BARREL VERSUS $48.35 FOR Q1 2019
    * ORYX PETROLEUM - EXPECTS CASH ON HAND, CASH RECEIPTS FROM
NET
REVENUES FROM EXPORT SALES WILL ALLOW CO TO FUND 2020 CAPEX
    * ORYX PETROLEUM - EXPECTS CASH ON HAND, CASH RECEIPTS WILL
ALLOW
CO TO FUND OPERATING, ADMINISTRATIVE COSTS INTO H2 2021

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

 (Reuters.Briefs@thomsonreuters.com)