Feb 23 (Reuters) - Strad Energy Services Ltd SDY.TO :
* Announces fourth quarter results
* Says recorded a non-cash property, plant and equipment impairment of $7.8
million during the fourth quarter of 2015
* Qtrly loss per share $0.23
* Says continued to rationalize cost base and made further headcount reductions
across entire business in Q4
* Qtrly revenue of $22.0 million decreased 61% compared to same periods in 2014
* Low commodity prices during Q4 of 2015 continued to negatively impact
activity levels in North America
* Says expects to realize the full benefit of the most recent cost reductions
in the first quarter of 2016
* Expects maintenance capex requirement in 2016 to be modest and is anticipated
to be managed at or below $5 million
* All figures in c$
* Source text for Eikon
* Further company coverage SDY.TO