February 9, 2015 / 7:12 AM / 3 years ago

BRIEF-Max Petroleum says to be insolvent without debt restructuring

Feb 9 (Reuters) - Max Petroleum Plc

* Recent material fall in oil price means group will be insolvent without debt restructuring and additional financing

* Subscription by AGR Energy will not proceed

* Discussions with AGR Energy continue with respect to an investment in group

* Negotiations continue with Sberbank to restructure debt facility Source text for Eikon: Further company coverage:

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