Another oiler bites the dust

OVER the past two months more three oil and gas explorers and producers have entered into administration, the latest being ASX-listed Indus Energy which appointed administrators in October.

Another oiler bites the dust Another oiler bites the dust Another oiler bites the dust Another oiler bites the dust Another oiler bites the dust

 

Indus joins Gulf Energy, and Northern Oil & Gas Australia, which also entered into administration in October.

The company had been suspended from the ASX after failing to pay listing fees.