Clon6 Jun 2017 16:59
Flag pole formed now we form the flag, then up to 1.40
just wondered are they still applying for these as well?
New Projects
An opportunity has arisen to acquire offshore licences in Equatorial Guinea. Discussions have taken place in the capital and in external locations. The geology is good. There are discoveries and production in the licence block area. Licencing terms are tough. We have applied for Block EG-23 and EG-21. EG-23 is in shallow water and has had a few wells. EG-21 has had a number of unsuccessful wells. Clontarf specialists believe that modern analysis techniques on available data will reveal new targets.
Future
Clontarf will continue to engage with the authorities in Ghana. We are in a strong legal position. We are pleased to note the progress is being made in Peru. But, we need to reinvigorate the Company. We continue to examine proposals for new projects, new directions and new personnel. We are well financed for our current activities.