* Q1 loss/shr C$0.04 vs. loss/shr C$0.12 last year
* Oil and gas revenue down 5 pct
* Sees Q2 production at 8,500 boe/d
* Sees 2010 production of 8,000 to 8,500 boe/d
* Shares up 3 pct
May 13 Canadian oil and gas company Anderson
Energy Ltd AXL.TO reported a narrower quarterly loss on
higher commodity prices.
For the second quarter, the company expects production at
about 8,500 barrel of oil equivalent per day (boe/d), with the
production peaking in the quarter to 9,200 boe/d.
Anderson Energy said it forecast 2010 production of 8,000
to 8,500 boe/d.
For the first quarter, the company reported a net loss of
C$6 million ($5.89 million), or 4 Canadian cents a share,
compared with a net loss of C$10.2 million, or 12 Canadian
cents a share, in the year ago quarter.
Oil and gas revenue, before royalties, for the quarter fell
5 percent to C$23.3 million as production declined 18 percent
to 7,000 boe/d.
Average prices for natural gas liquids surged 61 percent to
C$62.43 per barrel.
Shares of the company were up 3 percent at C$1.23 Thursday
on the Toronto Stock Exchange.
($1=1.018 Canadian Dollar)
(Reporting by R. Manikandan in Bangalore; Editing by Maju