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  3. Clontarf Share Price
  4. Clontarf Share News
  5. Clontarf Energy raises GBP350,000 for Bolivia lithium, other projects

Pin to quick picksClontarf Share News (CLON)

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

Thu, 01st Jun 2023 11:43

(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.

Clontarf Energy shares were down 10% at 0.092p on Thursday morning in London. The company has a market capitalisation of GBP4.4 million.

The lithium and oil & gas exploration and production company focused on South America and Africa said the placing shares represent 8.4% of its enlarged capital.

The firm said the proceeds of the shares placing will be used to advance its lithium projects in Bolivia and its petroleum projects in Ghana and Australia, as well as projects elsewhere.

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 May 2022 19:36

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Clontarf Energy PLC - Dublin-headquartered oil & gas exploration and production company focused on South America and Africa - Preliminary preparations for drilling operations at the Sasanof-1 well, offshore Australia are being conducted, with mud mat, low pressure wellhead housing and conductors prepared for deployment. Drilling operations, including conductor jetting are expected to start during the week start May 23.

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18 May 2022 15:11

Clontarf reports progress towards drilling at Sasanof

(Sharecast News) - Clontarf Energy updated the market on the drilling of the Sasanof-1 exploration well on Wednesday, reporting that the Valaris MS-1 rig had started mobilising to the Sasanof Prospect, 200 kilometres away on the North West Shelf, offshore Western Australia.

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12 May 2022 19:45

TRADING UPDATES: Belluscura to raise GBP5 million; React buys

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9 May 2022 13:42

Clontarf buys 10pc of Western Australia offshore gas prospect

(Sharecast News) - Oil and gas explorer Clontarf Energy announced the acquisition of a 10% interest in the "high-impact" multi-trillion cubic feet Sasanof offshore exploration prospect in Western Australia on Monday, for an initial $4m (£3.23m) cash and 100 million shares.

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9 May 2022 12:08

IN BRIEF: Clontarf Energy acquires 10% interest in Sasanof prospect

Clontarf Energy PLC - Dublin-headquartered oil & gas exploration and production company focused on South America and Africa - Acquires a 10% interest in the Sasanof exploration prospect, offshore Australia, through its 10% interest in Western Gas Pty Ltd which wholly-owns the prospect. Acquisition comprised of a USD4.0 million cash consideration and 100 million shares of GBP0.25 each. The shares were valued at GBP480,000 as of May 6. In the event of a discovery declared at the Sasanof-1 well, this consideration will be increased by 150 million shares.

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27 Apr 2022 13:54

IN BRIEF: Clontarf Energy raises GBP3.5 million for gas exploration

Clontarf Energy PLC - oil & gas exploration and production company focused on South America and Africa - Raises GBP3.5 million from placing of 1.40 billion shares at 0.25 pence each.

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15 Sep 2021 17:32

TRADING UPDATES: Strong interim results from Epwin, Bridgepoint

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23 Jun 2021 21:28

IN BRIEF: Clontarf Chair Teeling becomes non-exec, Horgan replaces

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Clontarf raises £0.5m for Bolivian lithium negotiations

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14 Sep 2020 14:33

IN BRIEF: Clontarf Energy Interim Loss Widens As Expenses Climb

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26 May 2020 14:45

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UK TRADING UPDATE SUMMARY: Bagir Says Cash Insufficient To Carry On

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