Brief: Oryx Petroleum Q3 loss per share $2.56 per share

Forza Petroleum

11/11/2015 21:30

Nov 11 (Reuters) - Oryx Petroleum Corporation Ltd  OXC.TO : 
 * Third quarter 2015 financial and operational results and 2016 capital budget 
 * Sees 2016 cash capital expenditure budget of $90 million 
 * Qtrly total revenues of $4.2 million on working interest sales of 170,000 
   barrels of oil 
 * Q3 loss per share $2.56 per share 
 * Q3 results including a $310.8 impairment charge related to the hawler, wasit 
   and oml 141 license areas 
 * Says $50-$75 million of additional capital is required to fund all budgeted 
   cash expenditures in 2016 
 * Sees cash on hand,credit facility,net revenues assuming a $55/barrel brent 
   price to fund operations into Q2 
 * In advanced discussions with several parties" for additional capital to fund 
   2016 plans 
 
* Source text for Eikon  ID:nCNWBcgyna  
 
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