Court appoints examiner to Petroceltic

An interim examiner has been appointed by the High Court to exploration company Petroceltic and two related companies.

Mr Justice Brian McGovern appointed Michael McAteer, of Grant Thornton, as interim examiner yesterday on the application of the company itself and of minority shareholder Worldview.

The move followed discussions between Petroceltic and Worldview after the latter decided last Friday to bring, without notice to Petroceltic, a petition for court protection and examinership.