* Q3 loss C$0.06/shr vs EPS C$0.04 last year
* Revenue falls 63 percent
* Funds from operations falls 69 percent
* Sees 2009 production of 7,500-7,600 boed
Nov 16 (Reuters) - Canada’s Anderson Energy Ltd AXL.TO posted a third-quarter loss, hurt by the drop in crude oil and natural gas prices, and forecast a higher 2010 production.
The company said it expects 2010 production between 8,000 barrels of oil equivalent per day (boed) to 8,500 boed, compared with its 2009 forecast of 7,500 boed to 7,600 boed.
The developer of oil and gas properties posted a net loss of C$9.4 million, or 6 Canadian cents a share, compared with earnings of C$4.2 million, or 5 Canadian cents a share, in the year ago quarter.
Oil and gas revenue before royalties fell 63 percent to C$14.6 million.
Funds from operations — an indication of cash available for capital commitments, debt repayments and other expenditures — fell to C$6.6 million, or 4 Canadian cents a share, down from C$21.2 million, or 24 Canadian cents a share, last year.
Analysts on average had expected the company to post a loss of 6 Canadian cents a share on revenue of $16.1 million, according to Thomson Reuters I/B/E/S.
During the quarter, benchmark oil prices averaged $68.24 a barrel, down 42 percent from a year earlier. Natural gas averaged $3.44 per million British thermal units on the New York Mercantile Exchange, down 62 percent.
Anderson Energy shares were up 2 percent at C$1 Monday morning on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Aradhana Aravindan) ((email@example.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: firstname.lastname@example.org))