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
Irish exploration firm, Circle Oil, has effectively placed itself up for sale, by initiating an “all options” strategic review to reduce debt, maintain sufficient cash-flow, and maximise shareholder value.
Wed, 16 Mar, 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
The US owner of blogging site WordPress.com has been directed by the High Court to identify the author of allegedly defamatory material posted about Irish-based exploration company, Petroceltic International, and two of its executives.
Fri, 21 Aug, 2015
Petroceltic said yesterday that it and its partners had drawn up a short list for engineering services to develop its Ain Tsila gas asset in Algeria and said the award of the contract later this year would mark a “a milestone” in plans to export gas for the first time in 2018.
Thu, 20 Aug, 2015
Landlords will be obliged to pass tenant details to Irish Water, dementia could bankrupt us unless action is taken, the District Attorney of Alameda County is to consider a case for involuntary manslaughter in the investigation into the Berkeley balcony collapse and the best way to brew perfect coffee at home.
Fri, 26 Jun, 2015
The activist investor at the centre of the ongoing board battle at Irish explorer Petroceltic is confident its push for a change to the company’s management and operational strategy will succeed this year, even if it loses the vote at next week’s shareholder meeting.
Thu, 19 Feb, 2015
Exploration firm Petroceltic has urged its shareholders to vote against resolutions being tabled by activist investor, Worldview Capital Management, in an upcoming ballot effectively saying its only aim is to gain control of the company without having to buy it out.
Thu, 29 Jan, 2015