RE: RNS19 Mar 2026 22:08
It was a deferral at the time of their RNS of 07/05/25, reflected in the share price prior to its suspension on 19/05/25.
It is so far from being a "complete default on all debts" that they released this morning's RNS:
"The Company is pleased to announce that it has reached agreement on the key terms to restructure its debt obligations with its three principal creditor groups, namely Trafigura, the Overriding Royalty Interest ("ORRI") holders, and Forum Energy Services Ltd ("Forum"). This comprehensive restructuring, when completed, will represent a major milestone for the business, demonstrating strong stakeholder support and providing a clear, sustainable financial platform for the Company's next phase of development".