BRIEF-Pacific Exploration and Production Corporation says has 30 day period from scheduled payment date to cure failure to make such payment

Mon Mar 21, 2016 6:25am EDT
 
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March 21 (Reuters) - Pacific Exploration And Production Corporation

* Company has a 30 day period from scheduled payment date to cure failure to make such payment

* Normal operations continue in Colombia and other jurisdictions within which company operates

* Pacific elects to utilize grace period in respect of March interest payment

* Failure to make interest payment on scheduled date does not constitute event of default Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)