Canada's Pacific Exploration delays interest payment

(Reuters) - Canada's Pacific Exploration & Production Corp said on Monday it chose not to make an interest payment due March 28, making it the first Toronto-listed oil and gas company in the last one year to delay a payment. The company, due to make a $25.6 million interest payment next Monday, said it was working with debtholders to restructure debt. The decision on interest payment follows a Wall Street Journal report last week that Pacific Exploration was evaluating six buyout offers to a