Result of AGM

RNS Number : 8211Q

Clontarf Energy PLC

22 June 2015

 

22^nd June 2015

Clontarf Energy plc

("Clontarf" or "the Company")

Highlights of Chairman's comments made at the Annual General Meeting,

Newry, June 22^nd - 11:00 am

Ghana:              Tano 2A Licence (Clontarf 60% Interest)

Clontarf and partners continue to engage in discussions with the relevant authorities in Ghana.  Proposals have been made but not agreed as they do not provide certainty.  Progress, though very slow, is being made.

Peru:                 Block 183 (Clontarf 3% Production Royalty)

Union Oil and Gas Group ("UOGG"), a subsidiary of Union Group, a US$1 billion privately held company that invests in natural resources and infrastructure in Latin America, has acquired control of 80% of Hydrocarbon Exploration Peru Ltd ("HEPL"), a British company which owns 100% of Peruvian onshore oil and gas Block 183 in the Marañon Basin.  UOGG is now the operator.

Other Activities:

An investing group has been examining an investment proposal for the Company.  Negotiations have been very slow but continue.  Should it happen it would involve the investors taking a strategic stake as well as providing some management.  It is early stage.

All resolutions were passed at the meeting.

For further information please visit http://clontarfenergy.comor 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 / Mark Treharne (Broking)

Public Relations

Blytheweigh                                                                                                             [phone]

Tim Blythe                                                                                                                 [phone]

Halimah Hussain                                                                                                     [phone]

Camilla Horsfall                                                                                                       [phone]

PSG Plus

Aoife Ross                                                                                                                  [phone]

Alan Tyrrell                                                                                                                [phone]

 

END

 

 

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