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The way I have read it is this......Block 1 is solely in GNPC and choosen partners hands. This leaves two blocks named 4&5 which the government has stated will have direct negotiations for with the interested companies, in my opinion clontarf as per September RNS was given the nod for. So clontarf will be handed block 4 or 5.....
We are delighted to report that all outstanding issues have now been resolved with GNPC regarding our Tano 2A Block. All legal proceedings have been withdrawn so, after normal consultations, the next stage is for the Petroleum Agreement to be sent to Cabinet for review. I look forward to providing further announcements as appropriate."
The Directors of Clontarf (AIM: CLON) are pleased to announce that, further to the announcement of 19th September 2016, a proposed work programme on the Tano acreage offshore Ghana has been submitted to the Ghanaian authorities in Accra. The new work programme will form part of the ongoing negotiations regarding the terms of acquiring an exploration licence for the Tano Basin acreage. The Company's directors look forward to providing shareholders with further updates, including specific geological information relating to the new acreage co-ordinates (which are also subject to final agreement) and the subsequent exploration plans, as negotiations progress.
The Directors of Clontarf (AIM: CLON) are pleased to announce that, further to the announcement of 19th September 2016, a proposed work programme on the Tano acreage offshore Ghana has been submitted to the Ghanaian authorities in Accra. The new work programme will form part of the ongoing negotiations regarding the terms of acquiring an exploration licence for the Tano Basin acreage. The Company's directors look forward to providing shareholders with further updates, including specific geological information relating to the new acreage co-ordinates (which are also subject to final agreement) and the subsequent exploration plans, as negotiations progress.
The company needs to make clear what is happening as the last statement in September was very brief and didn't shed much light on anything in depth. Maybe a few of you can try calling or emailing the company. I have already....
https://www.*************.com/views/40669/expose-nu-oil-appears-to-have-screwed-up-the-vote-on-resolution-7
They've obviously negotiated something which they can't disclose yet as they would of done along with the announcement about clarifying talks in October. The biggest clue in my opinion is both clon and petrels joint rns few days back regarding an advisor.......if you don't buy the coincidence part of it. It definitely shows they are included in some way......
The only aspect then to negotiate is how much ownership % CLON/PET have to give up and still be allowed at the table. Whatever that share may be, its worth $millions.
Clon would get double petrels share as per previous breakdowns.......