Examiner appointed to troubled exploration company Petroceltic

The High Court has confirmed examinership for troubled exploration company Petroceltic and two related companies.

There was no opposition to the application, brought by minority shareholder Worldview which earlier this week acquired further debts of Petroceltic.

Rossa Fanning BL, for Petroceltic, said the petition was presented last month in “somewhat unusual circumstances” but his client, which acted appropriately at all times, was supporting examinership.