Japex To Book C$750 Mln Impairment Loss On Its Shale Gas Project For Q3
Source: Reuters 1/26/2018, Location: North America
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.
