The High Court has approved a Larry Goodman-led rescue plan for the company behind the Barryroe oil and gas explorer.
Lorsden is the parent company of Mr Goodman’s Vevan Unlimited vehicle, which last July petitioned for the appointment of an examiner to Barryroe, in which it has a 20 per cent stake. However, the shareholders would receive a 5 per cent return on any potential future proceeds from the Barryroe oilfield, either through a sale or development.
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