Pacific announces an extension to the minimum Liquidity Deadline under the Waivers to its credit agreements and formation of an Independent Committee of the Board of Directors

Pacific Exploration and Production Corporation (CNW Group/Pacific Exploration and Production Corporation)TORONTO, Jan. 21, 2016 /CNW/ – Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced on December 28, 2015, that it obtained certain waivers (the “Waivers”) in respect of the: (i) U.S.$1 billion revolving credit and guaranty agreement with a syndicate of lenders…