Inside the Petroceltic boardroom battle

Despite a legal case on the horizon and oil price instability, the Petroceltic boss seems confident, writes Barry J Whyte and Fearghal O’Connor

31st December, 2014
Oil industry instability may present takeover opportunities Picture: Feargal Ward

Earlier this month, Brian O’Cathain bought a chunk of shares in Petroceltic, the €359 million oil exploration company that he founded and runs as chief executive.

There’s nothing unusual in a chief executive buying shares in his own company, but in this instance O’Cathain was making a pretty strong statement.

It was no small amount either – O’Cathain just about increased his shareholding by half, splashing out £123,500....

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