March 22, 2010 / 1:53 PM / 8 years ago

UPDATE 1-Anderson Energy Q4 loss in line; says 2010 uncertain

* Q4 loss/shr C$0.04 vs est C$0.04

* Rev down 32 pct

* Sees production of 8,000-8,500 boed in 2010

* Shares down 3 pct

March 22 (Reuters) - Canada’s Anderson Energy Ltd AXL.TO reported a fourth-quarter loss that was in line with market estimates, and said it expects uncertainty in the natural gas market in 2010.

The developer of oil and gas properties expects to produce 8,000 to 8,500 barrels of oil equivalent per day (boed) in 2010, and said production in the first quarter of 2010 would be similar to that in the fourth quarter.

Net loss for the quarter was C$6.5 million, or 4 Canadian cents a share, compared with a loss of C$41.2 million, or 47 Canadian cents a share, a year ago.

The company reported funds from operations of 6 Canadian cents a share, compared with 15 Canadian cents, a year ago.

Oil and gas revenue before royalties fell 32 percent to C$20.4 million, and production was down at 7,603 boed, hurt by a decline in commodity prices.

Analysts on average were expecting a loss of about 4 Canadian cents a share, on revenue of C$20.2 million, according to Thomson Reuters I/B/E/S.

Shares of the Calgary, Alberta-based company were down 3 percent at C$1.27 Monday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Maju Samuel)

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