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Oct 30 (Reuters) - Penn Virginia Corp: * Provides oil and gas operational update * Says increased production guidance for 2009 and preliminary 2010 guidance * Says resumed drilling in the granite wash and lower bossier (haynesville) shale plays * Says plans to exit gulf coast in fourth quarter of 2009 * Says quarterly oil and gas production of 134.9 million cubic feet of natural gas equivalent per day * Initiated process of selling gulf coast properties, sees to complete deal during the fourth quarter of 2009 * In connection with divestiture, incurred charge on proved properties held for sale of $87.9 million in Q3 * Says 2009 production guidance of approximately 136 to 140 mmcfe per day * Says 2009 oil and gas capital expenditures guidance of $216.0 to $228.7 million * 2010 production view, reflecting divestiture of gulf coast assets, is about 5 to 14 percent higher than 2009 view ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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