REFILE-Penn West posts smaller loss on asset sale gain

Thu Feb 14, 2013 8:03am EST

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Feb 14 (Reuters) - Penn West Petroleum Ltd, one of western Canada's largest conventional oil and gas producers, posted a smaller fourth-quarter loss on gains from asset sales.

Net loss for the quarter was C$53 million ($52.87 million), or 11 Canadian cents per share, compared with a loss of C$62 million, or 13 Canadian cents per share, a year earlier.

Gross revenue fell 18 percent to C$799 million.

Production for the quarter was 153,931 barrels of oil equivalent per day (boe/d), down from 168,801 boe/d a year earlier.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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