The examiner is said to have received investment approaches from two other parties, but is set to proceed with the investment pitch from Vevan.could move its focus to green energy
The independent expert’s report, which said the company has a reasonable prospect of surviving as a going concern, did not explore the possibility of potential legal action, with its attendant risks. BOE traces its roots back to 1981, when businessman Sir Anthony O’Reilly and a group of investors set up Atlantic Resources to pursue opportunities at a time of heightened speculation about oil and gas resources off Irish shores.
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