Fermanagh Woman In Caribbean Oil Legal Battle

A Northern Irish woman has gone to court in the Caribbean to get her share of oil money from a company she helped found.

Sheila McCaffrey from Kinawley, County Fermanagh, said she has been in "living hell" since a company she directed struck oil and struck her off.

She has not had a penny of profit from International Natural Energy, which found oil reserves off the coast of Belize, Central America, in 2006.

McCaffrey has now gone to the Eastern Caribbean Supreme Court seeking an order to force the company to buy her shares.

Another former director, Tony Quinn, stands to earn $23m from the company but this has been blocked until McCaffrey’s case is dealt with.

McCaffrey alleges the company is being mismanaged, with money being diverted to Quinn and fellow Irish founder Susan Morrice.

But the two deny her claims, saying she was removed because she had become impossible to work with and was unsuited to running the business as it grew.

McCaffrey and Morrice met through one of Bill Clinton's drives to promote investment in Northern Ireland. They joined with Paul Marriott, an English drilling contractor, and more than 300 people each invested at least €40,000 in the venture.

It had a lucky rare find of oil in Belize but INE has been embroiled in legal battles.

Last year Marriott sued the company and reached a settlement, and another director, Jean Cornec, is bringing a case next year over €11.7m he believes he is owed for shares.

But McCaffrey has received nothing for her shareholding and struggled for years to get her case into court.

She said her evidence to court was just "a snapshot of the living hell" she went through over the past five years.

Judgment is expected by September.


Related Northern Ireland News Stories
Click here for the latest headlines.

14 September 2015
Police Renew Appeal One Year After Man's Death
Police have renewed their appeal on the first anniversary of the death of Sean Corrigan, 31, in west Belfast. Mr Corrigan was found at a flat in the St Mary's Gardens area on Saturday 13 September, 2014. He later died in hospital, however post mortem results found he may have died in suspicious circumstances.
08 July 2015
Man In Court Over Attempted Robberies And Firearm Offences
A man is expected to appear in court today, 08 July, charged with carrying a firearm and a number of other offences in north Belfast. The man has been charged with two counts of attempted robbery, two counts of going equipped for theft and two counts of carrying a firearm with intent to commit an indictable offence.
07 July 2015
Two Men To Appear In Court Charged With Interface Trouble
Two men are due to appear in court today, 07 July, charged with interface trouble in east Belfast. The men, aged 17 and 21, have been accused of a number of public order offences including riotous behaviour. The charges relate to recent incidents of disorder at interface areas, according to the police.
17 July 2008
Homeowners Warned About 'Oil Theft'
Rising fuel prices could spark off oil theft, a PSNI crime prevention officer has said. People across Northern Ireland are being warned to be on "high alert" with regards to possible oil-theft in their homes. Derek Ewing said that while the thefts are occuring "across the board" he assumes "it hits the elderly much more".
23 October 2015
First Female High Court Judges Appointed
Northern Ireland's first female high court judges have been appointed. Denise McBride QC and Siobhan Keegan QC were both sworn in by the Lord Chief Justice on Friday, 23 October, in the Royal Courts of Justice, Belfast. Gerry McAlinden QC, Chairman of the Bar Council, welcomed the appointments.
19 November 2015
Schlumberger To Axe 37 Jobs In Newtownabbey
Engineering firm Schlumberger is to axe 37 jobs at its site in Newtownabbey, Co Antrim. The firm said the cuts were due to the downturn in the oil and gas sector.
10 January 2002
High Court ban for local company directors
Three local people have been disqualified from being company directors following appearances in the High Court. Margaret Sinclair Allen from Lisburn was disqualified from being a company director for five years as a result of her conduct as a director of Mayfayre Fine Foods Limited, Lisburn.
16 March 2012
Other News In Brief
Man Dies Unnoticed On Hospital Trolley Belfast's Royal Victoria Hospital has come under fire after an elderly patient died unnoticed on a trolley at its A&E. According to The Irish News the man was only discovered by ambulance staff who were to transfer him to another unit. It is not clear how long the man was dead before he was found.
15 March 2012
First Commerically Viable Irish Oil Well Discovered
It has been reported that the first viable oil well in Ireland has been discovered just off the coast of County Cork. According to the Irish company, Providence Resources,its exploratory Barryroe oil well delivered double the amount of oil needed for future full-scale extraction to make commercial sense.
28 July 2011
Major Export Contract For Carrickfergus Firm
The Stormont Enterprise Minister Arlene Foster has announced a US$7.5million (GBP£4.7million) order secured by Advanced Sensors for its new product in the Middle East. The Carrickfergus-based company designs, develops and markets high-tech monitoring equipment for the oil and gas industry worldwide.
16 February 2004
Co Down firm secures major Saudi contract
A Co Down based company has secured a contract worth £500,000 with a Saudi Arabian firm. Newry-based McAllister Brothers, a specialist in pipeline technology, has opened a depot in Saudi Arabia to service the contract won in the Arabian Gulf state.
07 December 2001
NI software company scoops ‘Product of the Year’ award
MINEit Software, the leading e-business effectiveness company, is celebrating after their Easyminer product scooped the prestigious ‘Product of the Year’ category at the Information Management Awards in London.
01 August 2003
Antrim company receives share of £1m research funding
Antrim–based, Randox Technologies is set to share nearly £1m in government research funding.
13 September 2001
Consumer outrage at oil price hike
Northern Ireland's General Consumer Council has heavily criticised the oil industry for “hiking” up oil prices following Tuesday’s horrific terrorist attacks in America. Chairman of the General Consumer Council Joan Whiteside said oil providers in the province had raised prices on their existing stocks just 24 hours after the attacks in the US.
10 July 2015
Belfast International Prepares For One Of Its Busiest Weeks Of The Year
Belfast International Airport is preparing for one of its busiest weeks of the year as it is expected to handle more than 152,000 passengers. Passenger numbers have risen by eight percent and the busiest day will be Saturday 11 July, when around 21,000 passengers are expected to come through the Terminal.