RNS - Ghana on? clon - 60% stake?22 Sep 2017 08:20
Looks like Ghana is a goer? "The Ghana's new NPP Government is reviewing historic Petroleum Agreements, with stated focus on early development. The Ghanaian Ministry of Energy and the Ghanaian National Petroleum Commission are actively considering the current re-application by Pan Andean Resources Ltd (30% Petrel, 60% Clontarf, 10% local interests) over a licence block in the prospective Tano Basin, West Africa.
During 2017 Petrel has had constructive discussions with the Ghanaian Ministry of Energy, with a mutual desire to resolve all outstanding issues and complete the ratification process. Our strong preference is to honour as far as possible the terms of the existing signed Petroleum Agreement, adjusting the revised coordinates and any other fine-tuning necessary."