It’s been a stressful year for Brian O’Cathain, chief executive of the publicly quoted oil exploration company Petroceltic.
For starters, last December, Petroceltic’s shareholders missed out on a major payday by a whisker: after nearly six months running the rule over the company, Dubai-based oil and gas company Dragon Oil decided to drop its bid.
O’Cathain thought the deal had been a good one for all parties.
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