Member Info for Risendshine

on this one so if it doesn't happen for me I am out!! gla

Coincidence? I don't think so ;)

16 January 2019

Clontarf Energy plc

("Clontarf" or "the Company")

Change of Nominated Adviser

The Directors of Clontarf (AIM: CLON) are pleased to announce that the Company has appointed, with immediate effect, Strand Hanson Limited as the Company's Nominated & Financial Adviser.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014

Coincidence? I don't think so ;)

"Petrel Resources is pleased to announce that it has appointed Beaumont Cornish Limited as Nominated Adviser to the Company with immediate effect.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS"

Could you elaborate please? so were you not doing anything else, except not having your portfolio in here, that might cause you to lose sleep? I mean did you make a point of not being in here, and if so, could you please say why?

As at today's date there are two open amendments; the response to the first, which can be prepared by Ascent and its partners will be submitted by 17 August 2018. Â The response to the second, which is reliant on information from a third party, should be submitted at the beginning of September. (was submitted Sept. 4th).

Based on the assurances received by ARSO this week, the Company believes that the permit should finally be awarded in September 2018, although there can be no guarantee of this.

I don't agree that it's a good post!! Stokedale, I realise that being negative doesn't help, but neither does being naive. You are obviously seeing what you want to see and it comes across in a very one-sided way. I would expect a more balanced view to be honest :)

Yes, I see what you mean bridges, no substance whatsoever from Confu's posts. Maybe some good research or evidence would get my attention. The "insider" accusation seems fairly irrational too.... regaldless, I am holding in hope of good news :)

AST, let's see that elusive penny :)

...offered me 0.91 lol :) .....holding for now

I agree Bridges, & that is why both sides have now, after all this time, been able to push forward and allowing this to go through for the cabinet review required for it to go to parliament after settling disputes and dropping all the legal challenges. i.e. they are tearing down any barriers to progress. Why else would they do this unless they wanted Clon to move forward?

Background

Back in 2008, the Pan Andean consortium in which Petrel now holds a 30% stake agreed an exploration license over block Tano 2A in Ghana, however, the agreement was never ratified by the Ghanaian National Petroleum Company as there was a dispute over a part of the block for which the consortium claimed was its acreage.

Pan Andean is a Ghanaian company, owned 60 percent by Clontarf Energy, 30 percent by Petrel, and 10 percent by local Ghanaian interests. Following delays in negotiations, the consortium then launched a court proceeding regarding the issue, which it says it later won.

However, the consortium then decided to amicably settle the matter out of court and moved to discontinue the court matter in July 2014, and discussions have been held to amend the area for exploration and production. Also, in a separate development, Ghana invited the consortium to apply for acreage in the deeper part of the Tano basin, which Pan Andean accepted.

In September 2016, the consortium was offered revised Tano Basin acreage coordinates by Ghanaian officials, which the partnership accepted in principle. It then took two years for the parties to reach the final agreement, as reported on Monday

that Clon is out of the "dormant" category and going to parliament; just in time, I think!!

https://www.youtube.com/watch?v=l_G8q9gakHg

After ratification, once the exploration is underway if Clon even mentioned the signs of a product this SP would easily go into the £'s me thinks :)

if it drops then some of us will see it as another buying opportunity :)

Licenses*

is the beacon of hope for West Africa at the moment and everyone wants to invest there. The Ghana Investment & Opportunities Summit (GIOS) is in London on 23rd Oct. I would not be surprised if they would want to announce the ratification of silences prior to and at the summit. This summit is all about gaining financial independence from the West:
http://ghios.com/about-us/ :)

I agree bridges, there can be no doubt that the new energy minister was appointed to push exploration forward as the spearhead for growing the Ghanain economy. They will be very keen to get on with things so I feel 99% certain it will happen this year but i'm sure it is imminent....can but hope but don't mind waiting if need be GLA :)

...it's simply CH underestimating the timings and I think deep down we all know that but it is normal to get jittery when your financial future depends on it....I have been here a long time and hoping we are approaching the end game here; if so, I am out asap :)

Don't know the dates fror this article but a link is pasted in below: Parliament on Friday ratified the petroleum agreement between the government of Ghana and five organisations for the exploration of oil in the Expanded Shallow Water Tano Block.

The organisations are the Ghana National Petroleum Corporation (GNPC), CAMAC Energy Ghana Limited, Base Energy Ghana Limited and the GNPC Exploration and Production Company Limited.

http://www.gipcghana.com/press-and-media/379-parliament-ratifies-petroleum-agreement.html

is market wide; US raised their interest rates; maybe a good time to average down, me thinks :)