Irishman Finian O'Sullivan could strike it rich if one of "a number of approaches in relation to possible offers" for Burren Energy ever turns into a takeover bid.
O'Sullivan founded Burren in 1994. On Tuesday, the London- based oil and gas explorer revealed that a number of unsolicited approaches at up to £11 (€16) a share had been received recently. Italian oil company Eni confirmed that it had made an indicative offer for Burren of £10.50 a share.
The takeover speculation has pushed Burren's share price to an all-time high of £11.60.
It traded below £8 a fortnight ago, having originally floated at £1.30 a share in 2003.
O'Sullivan, who stepped down as chief executive last year to become Burren's president, owns 5.3 million shares and has more than 1 million options - a potential windfall of more than €100 million for the UCG graduate.
About a year ago, he revealed that he modelled himself on actor Clint Eastwood. You could say that these Burren offers have made his day.
