Ghanaian Negotiations

RNS Number : 2346J

Clontarf Energy PLC

07 September 2016

 

07^th September 2016

Clontarf Energy plc

("Clontarf" or "the Company")

Ghanaian Negotiations

The directors of Clontarf (AIM: CLON) wish to advise shareholders that, further to our announcement of 22^nd June 2016, Clontarf and its partners have now met for discussions with Ghanaian officials.  Negotiations are now underway in relation to possible award of acreage in respect of our prior application on deep-water Tano Basin acreage as well as replacement acreage for our signed Petroleum Agreement on Tano 2A Block.

No assurances can be given that such negotiations will lead to a successful outcome for the Company.

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.

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

Ends

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

Clontarf Energy plc

John Teeling, Chairman                                                                                        [phone]

David Horgan, Director

Nominated Adviser and Broker

Northland Capital Partners Limited

David Hignell / Gerry Beaney                                                                            [phone]

John Howes (Broking)

Public Relations

Blytheweigh                                                                                                             [phone]

Tim Blythe                                                                                                                 [phone]

Camilla Horsfall                                                                                                       [phone]

Nick Elwes                                                                                                                 [phone]

Rachael Brooks

Jonathan Garfield

PSG Plus

Colm Heatley                                                                                                            [phone]

Alan Tyrrell                                                                                                                [phone]

 

END

 

 

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