Brief: Oryx Petroleum posts Q3 loss per share $0.04

Forza Petroleum

09/11/2016 21:30

Nov 9 (Reuters) - Oryx Petroleum Corporation Ltd  OXC.TO  
    * Oryx Petroleum third quarter 2016 financial and 
operational results and 2017 capital budget 
    * Oryx Petroleum Corporation Ltd - average production and 
sales of 2,900 bbl/d during q3 2016 
    * Oryx Petroleum Corporation Ltd - sees 2017 budgeted 
capital expenditures of $94 million 
    * Q3 loss per share $0.04 
    * Oryx Petroleum Corporation Ltd - expects cash on hand as 
of September 30, 2016 and cash receipts from net revenues to 
fund forecasted cash expenditures into Q2 of 2017 
    * Oryx Petroleum - will require $20-$25 million of 
additional liquidity to achieve production and cash flow levels 
to fulfil its committed obligations in 2017 
    * Oryx Petroleum Corporation -co expects gross (100 pct) oil 
production from hawler license area to be approximately 4,000 to 
5,000 bbl/d by end of 2016 
    * Oryx Petroleum Corporation Ltd - will require a further 
$50-$60 million of liquidity to fund its full 2017 budgeted 
expenditures 
    * Oryx Petroleum Corporation Ltd says revenue increased to 
$6.7 million in q3 2016 versus $4.2 million in q3 2015 
    * Q3 earnings per share view $-0.03, revenue view $5.2 
million -- Thomson Reuters I/B/E/S 
 
Source text for Eikon:  ID:nCNWLGC7Xa  
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