REG - Clontarf Energy PLC - Ghanaian Tano Basin acreage negotiations <Origin Href="QuoteRef">CLON.L</Origin>

Clontarf EnergyAnnouncement

19/09/2016 07:05

RNS Number : 1299K
Clontarf Energy PLC
19 September 2016
 
19th September 2016

Clontarf Energy plc
("Clontarf" or "the Company")
Ghanaian Tano Basin acreagenegotiations
The directors of Clontarf (AIM: CLON) are pleased to advise shareholders that, further to our announcement of 7th September 2016, Clontarf and its partners have been offered revised Tano Basin acreage coordinates by Ghanaian officials, which we have accepted in principle. 
Negotiations to formalise a revised Petroleum Agreement between the Company and Ghanaian officials will continue as agreement has yet to be reached on certain matters. 
The Company's directors look forward to providing shareholders with further updates, including specific geological information relating to the new acreage coordinates, as negotiations progress.
At present no assurances can be given that these negotiations will lead to a successful outcome for the Company or that a formal agreement will be reached. 
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.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Ends


For further information please visit http://clontarfenergy.comor contact:
Clontarf Energy plc
John Teeling, Chairman +353 (0) 1 833 2833
David Horgan, Director
Nominated Adviser and Broker
Northland Capital Partners Limited
David Hignell / Gerry Beaney +44 (0)20 3861 6625
John Howes (Broking)
Public Relations
Blytheweigh+44 (0)20 7138 3204
Tim Blythe +44 (0) 7816 924 626
Camilla Horsfall +44 (0) 7871 841 793
Nick Elwes +44 (0) 7831 851 855
Rachael Brooks
Jonathan Garfield
PSG Plus
Colm Heatley +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055

This information is provided by RNS
The company news service from the London Stock Exchange
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