MARKETS

More Red Gully trouble

RED Gully has turned from an irritation to a millstone around Empire Oil and Gas’ neck, as a Deloitte duo have been appointed as receivers and managers of assets relating to the field over a $15 million working capital loan from Mineral Resources.

Red Gully.

Red Gully.

Empire has been suspended from trading since August 30 pending an announcement about its sole production well Red Gully-1, and asked for an extension of its voluntary suspension yesterday as it continued...

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