Wednesday April 8, 2020

Irish oil stocks hit all-time highs

Two Irish oil industry executives have seen the value of their shareholdings rise to €177 million following a rebuffed takeover approach for London-based Burren Energy.

13th October, 2007

Two Irish oil industry executives have seen the value of their shareholdings rise to €177 million following a rebuffed takeover approach for London-based Burren Energy.

Shares in Burren Energy, which was founded by Irish businessman Finian O’Sullivan, shot up after it emerged last week that the company had turned down a £1.5 billion (€2.1 billion) takeover approach from oil giant ENI.

The shares reached an all-time high last Tuesday and by Friday evening,...

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