Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest.
Singapore-listed KrisEnergy, which appears to be on the verge of collapse, has received a requisition notice from two shareholders requesting an extraordinary general meeting (EGM), over concerns about the restructuring of the troubled upstream player.
Singapore-listed KrisEnergy – widely seen as a zombie company - is finally on the verge of collapse after production from its Apsara oilfield offshore Cambodia failed to meet expectations. Significantly, it should come as no surprise that the frontier basin disappointed.
Sinapore-based KrisEnergy has made a final investment decision on the Apsara oil field, Cambodia’s first hydrocarbon development project.
KrisEnergy's plans for Cambodia's first oil development might not open the floodgates to more upstream investment in the South-East Asian nation, according to an analyst.
KrisEnergy will develop Cambodia’s first oil field development after signing agreements with the South-East Asian nation.