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Japex To Book C$750 Mln Impairment Loss On Its Shale Gas Project For Q3

Source: Reuters 1/26/2018, Location: North America

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Japan Petroleum Exploration Co Ltd (Japex) said on Friday it would book an impairment loss of C$750 million ($608 million) on its shale gas project in Canada in the October-December quarter. The loss will hurt its net income in the April-December period by 34 billion yen ($311 million), but the company is still assessing an impact on its full-year earnings, Japex said in a statement.

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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

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