Algeria: Worldview takes over management of Petroceltic

Petroceltic International’s new management – which is replacing the board that resigned following the takeover by activist shareholder Worldview Capital Management – faces an urgent task of re-establishing the company’s relationship with the Algerian authorities. The Dublin-based company’s most important asset is its stake in the Ain Tsila gas field, which is in development and expected to produce first gas in 2018.