Banks to determine future of Petroceltic

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Banks to determine future of Petroceltic

Oil Tanker 230x150

Petroceltic, the Irish oil and gas exploration firm, has told shareholders that the company's future rests on the willingness of its lenders to continue to offer waivers on loan repayments.

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