Worldview on cusp of Petroceltic takeover

Worldview on cusp of Petroceltic takeover

Move set to end bitter boardroom battle

Worldview, the Russian hedge fund, looks poised to finally take control of Petroceltic, the cash-strapped Irish oil explorer that it has been battling for several years.

Worldview, majority-owned and led by Bulgarian-born investor Angelo Moskov, has emerged as the clear frontrunner to buy Petroceltic, which had its shares on the stock exchange suspended following a process run by the company’s court-appointed examiner.

Dragon Oil, a cash-rich explorer with production assets off the coast of...

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