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



Reuters

TOKYO, Jan 26 (Reuters) - 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.

($1 = 1.2338 Canadian dollars) ($1 = 109.1700 yen) (Reporting by Yuka Obayashi; Editing by Tom Hogue)



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