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KrisEnergy explores recapitalisation options

Firm swings to a first-quarter loss of US$18.3m, citing deepest oil downturn in three decades

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Oil-and-gas exploration firm KrisEnergy is looking at various options of recapitalising the company in the next few months to meet its debt obligations.

Singapore

OIL-and-gas exploration firm KrisEnergy is looking at various options of recapitalising the company in the next few months to meet its debt obligations.

It said on Friday, as it reported a US$18.3-million loss for the first quarter, that it remains severely affected by "