Shares tumble 34 per cent in London as explorer reports cash level of $1.45 million

Irish exploration company sets August 2nd deadline for receipt of funding

Exploration firm is awaiting the receipt of $10m in funding Chinese company Apec

Exploration company says transfer is expected to be completed shortly

Efforts to find a major partner with deep pockets to back the project have been tortuous

No bonuses for executives but O’Reilly package rises 18% to €470,000

Move could hit group’s plans to exploit oil discovery off the south coast

Apec purchased 50% of southwest coast field thought to hold over 300 million oil barrels

Analysts at Cenkos estimate that Barryroe drilling programme could cost $100m

Chinese group Apec will take 80% of Barryroe’s proceeds until debt is repaid

Members to advance structural reforms in order to unleash new sources of growthR