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IGas Energy Issues Announcement Regarding Press Speculation

Source: www.gulfoilandgas.com 10/31/2016, Location: Europe

IGas Energy confirms, further to last week's announcement of Wednesday 26 October and press reports over the weekend, that as it seeks a capital structure appropriate for the business in the current operating environment it continues to discuss a range of options with a number of key stakeholders. Those include discussions with bondholder Trans European Oil & Gas (TEOG) (whose largest shareholder is understood to be KKR) who has proposed a sale of the company's conventional assets.

The board will continue discussions with its key stakeholders concurrent with a number of strategic investors as it continues to assess options which will allow the Company's capital structure to be sustainable in the current oil price environment and enable the Group to capitalise on value accretive opportunities.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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