Barryroe examiner to conclude investment agreement shortly if no other proposals are received
According to its most recent set of accounts the business has less than €350,000 remaining in cash and contingent liabilities, which include costs for clean up of existing sites, of over €6 million.
The examiner of Barryroe Offshore Energy, the Larry Goodman-backed oil exploration firm, said he intends to shortly conclude an investment agreement if no further proposals are received in the coming days.
It is understood the investment proposal is from Goodman, who holds a 20 per cent stake in Barryroe.
In a report filed in the High Court, Kieran Wallace of Interpath said that he was in receipt of one investment proposal which meets the funding ...