Worldview talks with examiner over Petroceltic’s future

Worldview owns 29 per cent of Petroceltic

Brian O'Cathain - CEO Petroceltic. Pic: Feargal Ward

Russian hedge fund Worldview has been in contact with the interim examiner to oil and gas explorer Petroceltic but has yet to disclose its plans to deal with the ailing company.

Worldview owns 29 per cent of Petroceltic and last week bought about 70 per cent of the company’s €233 million senior debt. As the biggest debtholder in Petroceltic, to which the High Court granted interim protection last week, it will effectively dictate ...