Ghanaian Negotiations

RNS Number : 9811B

Clontarf Energy PLC

22 June 2016

 

22^nd 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                                                                                        [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]

Rachael Brooks

PSG Plus

Colm Heatley [phone]

Alan Tyrrell                                                                                                                [phone]

 

END

 

 

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