Reuters logo
Max Petroleum says needs investment, debt restructuring to stay afloat
February 9, 2015 / 7:36 AM / 3 years ago

Max Petroleum says needs investment, debt restructuring to stay afloat

Feb 9 (Reuters) - Oil and gas company Max Petroleum Plc said the slump in crude oil prices would render its business insolvent unless it restructured its debt and secured a significant investment.

The company, which has most of its assets in Kazakhstan, said it was continuing talks with Sberbank to restructure its debt. (Reporting by Abhiram Nandakumar in Bengaluru; Editing by Gopakumar Warrier)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below