Oslo-listed Axxis Geo Solutions is expecting a crucial vote on its restructuring next month.
And the seismic survey vessel operator is warning unsecured creditors could end up with nothing if the plan is not approved.
"Axxis will, after a successful reconstruction in line with the proposed plan, have a balanced financial position and good liquidity reserves to support continued operations," said board member Nina Skage, who is part of the company's reconstruction team.
