Larry Goodman commits up to €6.35m to rescue Barryroe from examinership
Rescue plan would see billionaire take full control of oil and gas explorer
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Rescue plan would see billionaire take full control of oil and gas explorer
Bid is centred on possibility that the oil and gas explorer could move its focus to green energy
Barryroe decided to immediately adjourn its EGM this morning after a petition was submitted to the High Court last week by one of the company’s main shareholders, Mr Goodman’s Vevan, to appoint an examiner to the oil firm.
No coordinated discussions taking place between major shareholders to provide fresh funding for company
Oil explorer had been seeking to raise fresh funds from major shareholders before a planned extraordinary general meeting on Monday aimed at putting the company into liquidation