Proposed Work Programme at Tano Acreage in Ghana

RNS Number : 3697M

Clontarf Energy PLC

12 October 2016

 

12^th October 2016

Clontarf Energy plc

("Clontarf" or "the Company")

Proposed Work Programme at Tano Acreage in Ghana

The Directors of Clontarf (AIM: CLON) are pleased to announce that, further to the announcement of 19th September 2016, a proposed work programme on the Tano acreage offshore Ghana has been submitted to the Ghanaian authorities in Accra.  The new work programme will form part of the ongoing negotiations regarding the terms of acquiring an exploration licence for the Tano Basin acreage.

The Company's directors look forward to providing shareholders with further updates, including specific geological information relating to the new acreage co-ordinates (which are also subject to final agreement) and the subsequent exploration plans, as negotiations progress.

At present, no assurances can be given that the ongoing negotiations will lead to a successful outcome for the Company.

Clontarf's Ghanaian affiliated company, Pan Andean Resources (Ghana) Limited, is a private Ghanaian company held 60% by Clontarf, 30% by Petrel Resources and 10% by local Ghana interests.

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

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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 (Corporate Finance)                      [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]

 

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