Last checked at 22 Jun 2016 14:00
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