KrisEnergy, which holds working interests in three producing oil and or gas fields in the Gulf of Thailand and offshore Cambodia, and one onshore Bangladesh, has faced problems servicing its debts after the oil market slumped a few years ago.
Two substantial shareholders of KrisEnergy, which is in the midst of a long-drawn debt restructuring process, have called for an extra-ordinary general meeting after the company said on March 31 that there’s “material uncertainty” to its ability to complete the restructuring.
This was because of lower-than-expected production levels at one of the three oil and gas fields in which KrisEnergy holds stakes in.
