Energy
Judge green lights Barryroe’s examinership bid
Beef baron Larry Goodman proposed Kieran Wallace be appointed with a view to formulating a recovery plan for the embattled oil firm
A judge has made the order to appoint an examiner to Barryroe Offshore Energy, the Larry Goodman-backed oil exploration firm.
The examinership application was first proposed on July 21 by Vevan Unlimited, a vehicle controlled by beef baron Goodman, in a bid to shield Barryroe from its creditors and give it time to seek new investment.
Goodman holds a 20 per cent stake in Barryroe, formerly known as Providence Resources.
Goodman had proposed that Kieran ...