REG - Clontarf Energy PLC - Death of David Horgan

Clontarf EnergyAnnouncement

29/10/2025 11:00

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RNS Number : 3420F  Clontarf Energy PLC  29 October 2025

 

 

29(th) October 2025

 

Clontarf Energy plc

("Clontarf" or "the Company")

 

Death of David Horgan

 

 

It is with the deepest sadness that we announce the passing of David Horgan.
David was a cofounder and chairman of Clontarf Energy Plc, cofounder and
chairman of Petrel Resources Plc a cofounder and director of Botswana Diamonds
Plc and founder chairman of Greenore Gold Plc.

 

David, aged 66 at the time of his death, was born in Belfast, had his Primary
Education in Dublin, his High School in British Colombia, received a
first-class honours law graduate from Cambridge in England and obtained a
Master's in Business Administration from Harvard Business School.

 

His early professional career was overseas with the Boston Consulting Group.
He returned to Ireland in 1991 to pursue his interest in Natural Resources.
After a short period with Goffs, he joined Kenmare Resources where he became
Commercial Director until 1992 when he joined John Teeling and Jim Finn with
their stable of resource companies based in Clontarf, in Dublin.

 

John Teeling and Jim Finn, in a joint comment, "The death of David Horgan is a
deep personal loss to each of us. In over three decades together we have
created, financed, managed and listed a series of early-stage exploration
ventures in a variety of natural resources. He revelled in high stakes, high
risk resources exploration. He was fearless travelling in dangerous
territories, traipsing across swamps or exploring long abandoned mines. He
spoke eight languages. After ten days or so in a new country could converse
with locals in their own language and actively participate in local culture
and traditions.

 

Early-stage exploration is very high risk. Our small group had some successes
operating gold mines in Zimbabwe, selling off oil licences in Peru and
discovering a diamond mine in Botswana. The last decade has been hard on
explorers. Little or no investor interest in our activities. David had a
simple message - no exploration, no mines, no transition to green energy. His
passing, just as the message seems to be getting traction, is ironic. He is a
huge loss for his friends, family, colleagues, shareholders and the wider
Irish Resource sector.

 

Ar dheis de go raibh a ainm".

 

Following the loss of David, the Board will consider how it is best structured
going forward and will update as and when appropriate.

 

 

ENDS

 

 

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

 

 Clontarf Energy                    +353 (0) 1 833 2833

 Jim Finn, Director

 Peter O'Toole, Director

 Nominated & Financial Adviser      +44 (0) 20 7409 3494

 Strand Hanson Limited

 Rory Murphy

 Ritchie Balmer
 Broker                             +44 (0) 207 399 9400

 Novum Securities Limited

 Colin Rowbury

 Public Relations                   +44 (0) 207 138 3204

 BlytheRay

 Megan Ray
 Teneo                              +353 (0) 1 661 4055

 Luke Hogg

 Molly Mooney

 Ciara McNamee

 

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