Analysis: Larry Goodman backing could finally be the key to unlock major Cork oil field

Barryroe Offshore Energy has struggled for years to develop the prospective site

Billionaire Larry Goodman. Picture:

Barryroe Offshore Energy has endured many bad times over the course of its chequered history.

Today though its long-suffering shareholders are enjoying one of their better days after the company secured the long-term finance many thought it stood little chance of landing.

Larry Goodman, the beef magnate, has agreed to underwrite the entire €40 million cost associated with developing the Barryroe oil and gas field off the Cork cost.

The exploration company, known until recently ...