Energy

Larry Goodman-owned firm to invest €6.3m in Barryroe rescue deal

It comes as Colin Christie has stepped down as chief financial officer of the embattled oil exploration firm

Larry Goodman: Lorsden Limited, a Jersey-based firm and the parent company of the beef barron’s Vevan Unlimites - which holds a 20 per cent stake in Barryroe - has agreed to invest over €6 million to save the troubled firm

A company controlled by beef barron Larry Goodman has pledged to make over €6 million available to Barryroe Offshore Energy, in a bid to save the firm currently in examinership.

In a statement to the stock exchange outlining the proposed rescue deal, the firm also said that Colin Christie, Barryroe chief financial officer, has left the company, while the remaining members on the board of directors will step down if the agreement is ratified.

Barryroe’s ...