The State has received only around €104m in royalty payments from the operator of the Kinsale and Ballycotton gas fields off the coast of Cork since 1998, new figures show.
Fri, 26 Jan, 2018
An amended survival scheme for Petroceltic International and two related companies which sees the troubled explorer taken over by Cayman-Islands-based fund Worldview has been approved by the High Court.
Fri, 17 Jun, 2016
A hearing aimed at getting High Court approval for a survival scheme for exploration company Petroceltic has been adjourned after day-long talks over employees concerns about the survival proposals failed to end in agreement.
Thu, 16 Jun, 2016
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
Troubled Irish exploration firm Lansdowne Oil and Gas is seeking shareholder permission to issue new shares in the company in a bid to raise fresh equity to pay off debt and remain afloat.
Tue, 24 May, 2016
Shares in Circle Oil slumped after the Irish-based North African energy firm, which has a large band of small Irish shareholders, issued a grim warning about its debt pile.
Sat, 21 May, 2016
Yesterday’s Doha summit of the major oil producing nations is the latest attempt to bring order to a chaotic oil market.
Mon, 18 Apr, 2016
A £6.4m (€8.1m) takeover bid for Irish exploration company Petroceltic from a firm owned by the company’s largest shareholder Worldview Economic Recovery Fund has lapsed.
Sat, 16 Apr, 2016
The High Court has confirmed examinership for troubled exploration company Petroceltic and two related companies.
Sat, 09 Apr, 2016
Activist investor Natlata Partners has reiterated its call for an overhaul of Irish exploration firm PetroNeft Resources’ board of directors.
Thu, 07 Apr, 2016
Latest drilling at the flagship Algerian asset of troubled Irish exploration firm Petroceltic has indicated further potentially significant gas reserves.
Wed, 06 Apr, 2016
HSBC Holdings is discovering that the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas, and the shale fields of North Dakota. Even Petroceltic, the small energy company in Dublin, can inflict pain.
Wed, 23 Mar, 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
An interim examiner has been appointed by the High Court to exploration company Petroceltic and two related companies.
Wed, 09 Mar, 2016
Worldview, a dissident shareholder in exploration firm Petroceltic, has brought a High Court petition aimed at securing court protection for Petroceltic and the appointment of an examiner.
Sat, 05 Mar, 2016
Fri, 19 Feb, 2016
Petroceltic’s main independent shareholder is considering a takeover offer for the troubled Irish exploration firm.
Sat, 23 Jan, 2016
Low prices pose major challenge for sector, writes Geoff Percival.
Sat, 02 Jan, 2016
The activist investor challenging boardroom control at Irish exploration firm, Petroceltic has claimed support is growing for its endeavours.
Wed, 07 Oct, 2015
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 oil and gas exploration firm Petroceltic was yesterday granted an injunction preventing an extraordinary general meeting that had been called by its largest shareholder, Worldview, from going ahead.
Tue, 29 Sep, 2015
The bid by Irish oil and gas exploration firm Petroceltic to prevent one of its shareholders from convening an extraordinary general meeting will be opposed, the High Court was told yesterday.
Thu, 17 Sep, 2015
Irish oil and gas exploration firm Petroceltic is to seek a High Court injunction preventing one of its shareholders from convening an extraordinary general meeting.
Tue, 15 Sep, 2015
Irish exploration firm, Petroceltic is expected to begin drilling next year at one of its prospects located close to a recent huge gas discovery off the coast of Egypt.
Mon, 14 Sep, 2015
The author of allegedly defamatory material posted about the Irish-based exploration company, Petroceltic International, and two of its executives on a blog, is a “malicious mischief maker,” a High Court judge has said.
Wed, 09 Sep, 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
Good morning. Here’s everything you need to know before you start your day.
Tue, 01 Sep, 2015
Under-fire Irish exploration firm, Petroceltic is being viewed as one of the potential long-term beneficiaries of Italian energy group, Eni’s apparent super-find off the coast of Egypt.
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
Irish exploration firm Petroceltic has put the blame for its recent share price slide squarely at the door of activist investor Worldview Capital Management, accusing it of trying to force a sale of the company.
Sat, 25 Jul, 2015
Petroceltic has ruled out holding a shareholder vote on its proposed debt financing round, which is expected to raise around $175m (€160m) by the end of this month.
Tue, 21 Jul, 2015
The board of Irish exploration firm Petroceltic has 21 days to decide to call an EGM as requested by activist investor Worldview Capital Management.
Fri, 17 Jul, 2015
Activist investor Worldview Capital Management has ignited a fresh war with Irish exploration firm Petroceltic, claiming the latter’s debt-raising plans put control of its chief asset at stake.
Fri, 03 Jul, 2015
Irish exploration firm Petroceltic is set to raise $175m (€157m) in debt financing next month.
Tue, 30 Jun, 2015
Irish exploration firm Petroceltic is expected to directly benefit from an anticipated increase of Europe’s importation of Algerian gas, being sought in a bid to counter Russia’s supply dominance.
Fri, 26 Jun, 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. Here’s this morning’s irishexaminer.com catch-up.
Emirates National Oil Company has a 50% chance of succeeding in its bid to take full control of Irish-listed explorer Dragon Oil, according to UK analysts.
Mon, 25 May, 2015
Irish exploration firm Petroceltic has pulled out of Kurdistan, citing disappointing drilling results and the continuing low oil price environment among its reasons.
Thu, 26 Mar, 2015
Worldview Capital Management is set to formally challenge the result of yesterday’s shareholder vote that saw investors side with Dublin explorer Petroceltic in the stand-off between the two parties.
Thu, 26 Feb, 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
Here’s a run down of today’s business headlines.
Wed, 18 Feb, 2015
The three largest global share advisory firms have come out in support of the Petroceltic board in its battle for control of the company.
Petroceltic is confident a bid by its main shareholder to unseat its chief executive and overhaul its board will be rejected at an investor vote later this month.
Thu, 12 Feb, 2015
Tue, 10 Feb, 2015
Petroceltic’s largest independent shareholder has vowed not to back any further capital raising efforts by the Dublin-based explorer until its board is shaken up and CEO Brian O’Cathain removed.
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
Irish exploration firm T5 Oil & Gas is understood to be sizing up a number of targets for a potential reverse takeover.
Wed, 21 Jan, 2015
Tullow Oil is to take a $2.3bn (€1.97bn) hit as a result of plummeting world oil prices.
Fri, 16 Jan, 2015
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