The cash-strapped UK independent warned there is “significant uncertainty at this stage” regarding the outcome of a review of the business, which has been hit by a fraud scandal and high-profile management and board departures.
“As part of an ongoing review of the business plan, it has become clear that the expected level of near-term production is likely to be materially lower as compared to the assumptions announced alongside the proposed restructuring on 13 March,” Afren said on Wednesday.
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