Clontarf Energy plc is an emerging oil & gas Exploration & Production company focused on Africa and South America. The company’s experienced team has a successful track record in exploration. It recently returned $22 million to its shareholders when it sold off Pan Andean Resources;Clontarf’s predecessor in South America. Clontarf Energy is listed on the london AIM market.
Epic - CLON / Shares in Issue - 200m / Market Capitalisation - £8m
Clontarf is unusual amongst the junior resource sector in that it has bid and won oil & gas blocks on equal terms as oil majors in some of the worlds most resource rich regions. This is testimony to the prudence and due diligance of Clontarf,s management of John Teeling and David Horgan who have over the years been notching up some notable successes. Although John Teeling is probably best known for his accumen in the world of whiskey he has also been quietly making a name for himself in the sometimes congested world of oil & gas exploration. John and David also manage a Clontarf partner company Petrel resources that share a 30% stake on Clontarf,s Tano 2a block in Ghana.
Audio Interview with David Horgan ( MD - Clontarf )
http://www.clontarfenergy.com/investor-centre/further-media_.aspx
ASSETS : Ghana / Peru / Bolivia
*GHANA:
Clontarf have a major interest in the Tano 2A Block in Ghana and is held 60% by Clontarf Energy, 30% Petrel Resources and 10% Ghanaian interests.The block covers 1,532km2 with extensive raw data available, 676km of 2d seismic is now being reviewed. The block is onshore/offshore close to four recent major discoveries by Tullow and Kosmos.The block has numerous seeps and shows onshore which are fed from offshore oil kitchens. Clontarf Energy has reprocessed and analysed the available data and have identified eight potential targets.2011 was a very successful year for oil discoveries in Ghana with a number of large and notable finds and 2012 has started with a bang with a discovery by Anadarko Petroleum on Jan 18th.
The block is awaiting ratification of the ammended petroleum agreement and is expected during Q1 2012.
*PERU:
Clontarf were awarded two exploration blocks in Peru in the October 2010 bid round. The two exploration…
