The High Court has approved a rescue plan for troubled oil and gas explorer Barryroe Offshore Energy that will allow a Larry Goodman company to take control of the business. Under the scheme of arrangement put forward by examiner Kieran Wallace of Interpath Advisory, Lorsden (Jersey) Ltd will invest €6.05 million to keep the business afloat as it diversifies into a more green energy-focused future. Lorsden is the parent company of Barryroe’s largest shareholder Vevan Unlimited, a Goodman vehicle that petitioned for Wallace’s appointment as examiner last July. Formerly Providence Resources, the exploration company, which owns 80 per cent of…

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