BRIEF-Pacific exploration continues to work with its creditors

Mon Apr 11, 2016 6:03pm EDT
 
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April 11 (Reuters) - Pacific Exploration And Production Corporation

* Continues to work with its creditors to formulate a comprehensive financial restructuring

* Continues to evaluate methods to restructure its balance sheet, ensure long-term viability of its business

* A number of proposals have been received from third parties regarding restructuring

* Board formed independent committee of directors to provide recommendation with respect to potential restructuring

* Company and its creditors are working to finding best alternative for long-term interests of company Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)