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Pin to quick picksClontarf Regulatory News (CLON)

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Ghanaian Negotiations

22 Jun 2016 14:00

RNS Number : 9811B
Clontarf Energy PLC
22 June 2016
 

 

22nd June 2016

Clontarf Energy plc

("Clontarf" or "the Company")

 

Ghanaian Negotiations

 

The directors of Clontarf (AIM: CLON) wish to advise shareholders that Clontarf and its partners have been informed by the Ghanaian Ministry of Petroleum (the "Ministry") that the Ministry is available for negotiations on Clontarf's proposals for amended coordinates of the Tano Basin block which we originally applied for in 2008.

 

The Ministry has reviewed our entire proposal and accordingly advised us that the Block named "Lukoil B" is available for negotiations. We will confirm our interest and follow up on this prospective acreage. Further announcements will be made as soon as practicable.

 

This new acreage is an offshore block in deeper water than the Tano 2A block which has been the subject of ongoing discussions for many years. Our Ghanaian affiliated company, Pan Andean Resources (Ghana) Limited, is a private Ghanaian company held 60% Clontarf, 30% by Petrel Resources and 10% local Ghana interests.

 

Ends

 

For further information please visit http://clontarfenergy.com or contact:

 

Clontarf Energy plc

John Teeling, Chairman +353 (0) 1 833 2833

David Horgan, Director

 

Nominated Adviser and Broker

Northland Capital Partners Limited

David Hignell / Gerry Beaney +44 (0)20 3861 6625

John Howes (Broking)

 

Public Relations

Blytheweigh +44 (0)20 7138 3204

Tim Blythe +44 (0) 7816 924 626

Camilla Horsfall +44 (0) 7871 841 793

Rachael Brooks

 

PSG Plus

Colm Heatley +353 (0) 1 661 4055

Alan Tyrrell +353 (0) 1 661 4055

This information is provided by RNS
The company news service from the London Stock Exchange
 
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