Sunday July 5, 2020

Petroceltic meets with lawyers over Worldview move to appoint examiner

Exploration giant owes $230 million and cannot make repayments

5th March, 2016
Petroceltic's Ain Tsila Algerian oil field

Petroceltic International is taking legal advice over an attempt by Worldview Capital to appoint an examiner to the exploration company.

Petroceltic, whose chief executive is Brian O’Cathain, owes about $230 million to its banks and is currently unable to make its repayments.

Worldview wants to appoint high-profile Grant Thornton accountant Michael McAteer as an examiner to the exploration company. The matter is due to come back...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 2 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago