Senior staff at Petroceltic International are expected to voice concerns about the alleged writing-down of their employment rights, in opposing a survival scheme for the company due to be put before the High Court for approval next week.
Sat, 11 Jun, 2016
Petroceltic has received unsolicited expressions of interest in certain assets it holds in Egypt. The Irish exploration firm’s management noted the approaches in its interim results presentation yesterday, but didn’t identify which of the production and/or exploration assets were the subject of the takeover interest. Furthermore, regarding a potential disposal, the company said while it would consider offers, it does not generally see itself as a seller in terms of its Egypt-related portfolio.
Thu, 01 Oct, 2015
Irish exploration firm Petroceltic has criticised calls for yet more company EGMs and has reiterated its view that activist investor Worldview Capital Management’s sole interest lies in eroding the company’s value to a point where it can gain control of the business for less than fair value.
Tue, 08 Sep, 2015