Brief: Postrock Q2 loss per share $7.90

Postrock Energy

06/08/2015 02:00

Aug 5 (Reuters) - PostRock Energy Corp  PSTR.O : 
 * Reports second quarter results 
 * Q2 revenue fell 48 percent to $11.2 million 
 * Qtrly oil production averaged 649 barrels per day, down 5% from the 
   prior-year period 
 * Qtrly loss per share $7.90 
 * Says expects following delisting, its common stock will trade on the 
   over-the-counter (otc) pink market 
 * Says company's financial statements have been prepared assuming that it will 
   continue as a going concern 
 * Substantial drop in oil and natural gas prices since June 30, 2014 has 
   significantly affected revenue, profitability and cash flow 
 * $10.4 million borrowing base deficiency at June 30, 2015 and anticipated 
   further reductions are having additional impact on co's liquidity" 
 * Evercore is currently engaged in a process of determining interest in the 
   company as a whole as well as its individual assets" 
 
 * Source text for Eikon  ID:nGNXVEEIBa  
 
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