* Q2 loss/shr C$0.19
* Revenue up 14 pct to C$35.7 mln
* Says increased capex to C$50 mln for 2010
Aug 13 Canada's Equal Energy Ltd EQU.TO,
which converted to a corporate from Enterra Energy Trust
earlier this year, posted a quarterly loss and raised its
capital expenditure for the full year.
The oil and gas explorer now expects capital expenditure of
C$50 million ($47.80 million), up from C$40 million expected
earlier. It expects to drill as many as 16 wells in the second
half of 2010.
For the second quarter ended June 30, Equal Energy posted a
net loss C$4.1 million, or 19 Canadian cents per share.
For the same period last year, Enterra's net loss was
C$14.4 million, or 69 Canadian cents per trust unit.
Revenue at the company rose 14 percent to C$35.7 million.
Two analysts were expecting the company to post a loss of 3
Canadian cents per share on revenue of C$43.6 million,
according to Thomson Reuters I/B/E/S.
Average quarterly production was 9,570 barrels of oil
equivalent per day (boe/d), down from 10,059 boe/d a year ago.
Shares of the Calgary, Alberta-based company were trading
at C$5.72 Friday morning on the Toronto Stock Exchange.
($1=1.046 Canadian Dollar)
(Reporting by Abhiram Nandakumar in Bangalore; Editing by Don