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Pin to quick picksClontarf Share News (CLON)

Share Price Information for Clontarf (CLON)

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Share Price: 0.0365
Bid: 0.035
Ask: 0.038
Change: 0.0005 (1.39%)
Spread: 0.003 (8.571%)
Open: 0.036
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Low: 0.036
Prev. Close: 0.036
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Clontarf And Petrel Shares Spike As Legal Issues In Ghana Are Resolved

Mon, 17th Sep 2018 08:48

LONDON (Alliance News) - Shares in Clontarf Energy PLC and Petrel Resources PLC jumped on Monday as the companies said they resolved legacy issues with the Ghana National Petroleum Corp regarding a contract for the development of the Tano 2A Block.

Clontarf shares more than doubled following the news, to 0.43 pence each, while Petrel shares were up 22% at 2.37p.

The legacy issues at the Tano 2A go back about 10 years and involve co-ordinates of an area covered by a petroleum agreement that was not approved by the Ghanaian cabinet or parliament.

As a result of the resolution, all legal proceedings have been withdrawn, and the companies expect the petroleum agreement to be sent to cabinet for review.

Petrel owns a 30% in Pan Andean Resources (Ghana) Ltd, the private Ghanaian company which holds the Tano 2A Block, while Clontarf has a 60% interest. The remaining 10% is held by local Ghanaian interests.

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AIM WINNERS & LOSERS: Clontarf raises GBP400,000; Faron jumps

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6 Mar 2024 15:35

IN BRIEF: Clontarf notes "substantial" lithium progress in Bolivia

Clontarf Energy PLC - Oil, gas and minerals explorer with projects in Bolivia, Ghana and Chad - Says it has recently made "substantial" progress in its Bolivian activities. On Monday, Clontarf submitted qualification materials to the Bolivian State Lithium Co in relation to a call for bids for seven priority salt pans in southern Bolivia. Assessment by the Bolivian State Lithium Co is expected in March, Clontarf says, with negotiations regarding licencing terms for successful applications in early April. The company also notes recent in-principle commitments by the EU to finance infrastructure for Lithium extraction in Bolivia. Bolivian officials accept that such investment would qualify for contractual offtake rights, Clontarf says, strengthening the development of Europe's green technology sector.

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5 Feb 2024 20:23

TRADING UPDATES: ReNeuron warns; Gama Aviation pledges cash return

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25 Sep 2023 14:04

Clontarf Energy interim loss narrows and touts importance of LNG

(Alliance News) - Clontarf Energy PLC on Monday reported a narrowed interim loss, after a large one-off cost a year ago wasn't repeated.

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13 Jul 2023 18:20

Clontarf says lithium extraction technology success lifts confidence

(Alliance News) - Clontarf Energy PLC on Thursday updated investors on its lithium projects in South America as well as on petroleum projects in Ghana, Australia and elsewhere.

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20 Jun 2023 10:53

Petrel Resources shares fall and bemoans "hostile" policies in Europe

(Alliance News) - Petrel Resources PLC on Tuesday posted another annual loss for 2022, while noting "a shortage of institutional investor finance in London for several years now", and expressed concern for its future.

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8 Jun 2023 14:28

Clontarf Energy annual loss widens as it abandons Australian mine

(Alliance News) - Clontarf Energy PLC said on Thursday that its annual loss widened following the decision to abandon the Australian Sasanof-1 well.

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1 Jun 2023 11:43

Clontarf Energy raises GBP350,000 for Bolivia lithium, other projects

(Alliance News) - Clontarf Energy PLC on Thursday said it has raised GBP350,000 via a placing and subscription of 437.5 million new shares at 0.08 pence per share.

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5 May 2023 17:19

Clontarf Energy and NEXT-ChemX joint venture advances

(Alliance News) - Clontarf Energy PLC on Friday said all conditions for its joint venture agreement with NEXT-ChemX Corp have now been satisfied.

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5 May 2023 11:35

Clontarf joint venture with NEXT-ChemX comes into effect

(Sharecast News) - Clontarf Energy announced on Friday that it had completed all necessary conditions for the joint venture with NEXT-ChemX to come into effect.

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28 Mar 2023 14:30

TRADING UPDATES: Clontarf Energy agrees joint venture with NEXT-ChemX

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15 Feb 2023 16:54

LONDON MARKET CLOSE: FTSE 100 breaches 8,000 point mark as pound falls

(Alliance News) - The FTSE 100 climbed past the 8,000 point mark for the first time on Wednesday, as confident afternoon trade in London defied a slow start from equities in New York.

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15 Feb 2023 16:44

Clontarf proposes joint venture to test lithium extraction tech

(Sharecast News) - UK-based oil and gas explorer Clontarf Energy announced a potential 50-50 joint venture with US-based technology company NEXT-ChemX (NCX) on Wednesday.

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15 Feb 2023 10:37

Clontarf Energy shares surge on NEXT-ChemX JV heads of agreement

(Alliance News) - Clontarf Energy PLC on Wednesday announced the heads of agreement for a potential 50:50 joint venture with NEXT-ChemX Corp.

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