* Q2 loss C$3.8 mln vs C$1.4 mln yr ago
* Sees exit production rate of 3,000 boe/d
July 30 (Reuters) - Canadian oil explorer Midway Energy Ltd MEL.TO reported a wider second-quarter net loss, hurt by higher operating expenses. However, it now sees exit production rate of about 3,000 barrels of oil equivalent per day (boe/d), versus its prior forecast of 2,900 to 3,000 boe/d.
Midway Energy reported a net loss of C$3.8 million ($3.7 million), or 6 Canadian cents a share. In the year-ago quarter, when the company was called Trafalgar Energy, it had reported a net loss of C$1.4 million, or 11 Canadian cents a share.
The company has 69.5 million shares outstanding versus 14.7 million in the year-ago quarter.
Trafalgar, which entered into a recapitalization agreement in June 2009, was renamed Midway Energy Ltd in July 2009.
The company said revenue more than tripled to $8.6 million in the second quarter. Analysts on average were expecting the company to break even, on revenue of C$10.4 million, according to Thomson Reuters I/B/E/S.
Operating expenses rose 53 percent to C$14.26 per boe. Shares of the Calgary, Alberta-based company closed at C$3.13 Thursday on the Toronto Stock Exchange.
$1=1.036 Canadian Dollar Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Anne Pallivathuckal