Companies
Barryroe blames Eamon Ryan for cancellation of plans to raise up to €20 million
The firm had announced plans to raise the capital in April, but said a move by Minister for the Environment has stymied it
Barryroe Offshore Energy has cancelled its plans to raise working capital of up to €20 million. The company, previously known as Providence Resources, had announced plans to raise the capital in April.
However in a statement, the company said that as a “direct consequence” of “the surprising and extremely disappointing decision” by Eamon Ryan, Minister for the Environment, Climate and Communications, to refuse to grant a lease undertaking to explore an area in the Barryroe ...
