Max warns it faces debt trouble

London-listed Max Petroleum has warned it will struggle to keep up its debt payments as soon as March if oil prices stick at recent lows and it cannot complete its recent £37.1 million ($58 million) equity investment from AGR Energy.

Material uncertainty: Max Petroleum short of cash despite higher output and revenues
Material uncertainty: Max Petroleum short of cash despite higher output and revenues
Published 3 December 2014, 09:15Updated 3 December 2014, 09:22
Eastern Europe