BRIEF-Oryx Petroleum Corporation says qtrly revenue fell to $1.5 mln

Wed Mar 16, 2016 6:18pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

March 16 (Reuters) - Oryx Petroleum Corporation Ltd :

* Qtrly revenue $1.5 million versus $7.8 million

* Limited production and oil sales in January and February 2016 due to temporary Turkey - Iraq border closures

* Headcount in Geneva, Switzerland to be reduced from 72 to 15

* Vance querio, previously chief operating officer, appointed to assume Michael Ebsary's responsibilities as CEO

* Expect productive capacity of fields in Hawler license area to exceed 10,000 bbl/d by end of 2016

* Q4 earnings per share view $-0.05, revenue view $1.4 million -- Thomson Reuters I/B/E/S

* Limited production and oil sales in jan and feb 2016 due to temporary turkey - iraq border closures and restrictions on export by trucking

* Expects cash on hand at dec 31, 2015 , cash proceeds, funding related to zeg oil investment, to fund cash expenditures into Q2 2017   Continued...