RE: OH Dear9 Jun 2023 11:22
Barryroe Offshore Energy PLC, down 55% at 0.24p, 12-month range 0.20p-4.13p. Shares slump once again in the wake of the company on Thursday warning it has only three weeks of working capital left. The warning came after Barryroe suffered a blow in May in its quest for a lease in the SEL1/11 licence. Ireland Minister for the Environment, Climate & Communications Eamon Ryan scuppered Barryroe's plans. On Thursday, Barryroe said it is engaging with its substantial shareholders in relation to potential funding going forward. There can be no guarantee that these discussions will be successful, it adds. Shares have slumped 87% since the lease blow.