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 O'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.

Energy