Circle Oil says considering debt restructuring or equity raising

The exploration group said trading remains very challenging

14th December, 2015
Circle Oil said trading remains very challenging

Circle Oil said it is considering a number of options, including a debt restructuring and an equity raising, to ensure it has sufficient cash flow to fund its operations.

The exploration group said it was working toward making such a move by the end of the first quarter of 2016 after making slower-than-expected progress in discussions with International Finance Corporation on extending its lending facility while trading remained "very challenging" due to a further weakening...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 10 months ago

The Daily Briefing

The Daily Briefing