Today Burren Energy the independent oil and gas exploration and production company, announced in a statement its interim results for the six months ended June 2006. The results show an increase of 69% in net profit to $140.2million.
Operating cash flow after tax went up 87% to $191.4million. Discount to Brent improved 23% to $5.29 per barrel: Earnings per share increased by 67% to 100 cents, and the interim dividend per share increased by 60% to 4 pence. US$215.7million was the cash balance at June 2006.
The statement also made a number of other announcements including news of exploration success in Turkmenistan and Congo. Finian Oâ€™Sullivan has now been appointed president of the company according to the statement and Atul Gupta will take up the position of Chief Executive Officer.