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Bullboard - Stock Discussion Forum Candax Energy Inc CXEYF

Energy Oil & Gas E&P

GREY:CXEYF - Post Discussion

Candax Energy Inc > of course Afren is in trouble
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Post by pwade0821 on Jan 27, 2015 9:51am

of course Afren is in trouble

Afren plc (“Afren” or the “Company”) provides an update regarding the review of its capital structure, liquidity and funding requirements announced on 20 January 2015.

In light of the significant dislocation in the industry and related financing markets resulting from the rapid decline in oil prices, the Board has been reviewing the funding and liquidity requirements of the business and seeking to address how it manages the overall leverage position of the Company.

we can't win!

Hope everyone is doing well!

Pat

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