REG - Clontarf Energy PLC - Result of AGM <Origin Href="QuoteRef">CLON.L</Origin>
RNS Number : 8211QClontarf Energy PLC22 June 2015
22nd June 2015
Clontarf Energy plc
("Clontarf" or "the Company")
Highlights of Chairman's comments made at the Annual General Meeting,
Newry, June 22nd - 11:00 am
Ghana: Tano 2A Licence (Clontarf 60% Interest)
Clontarf and partners continue to engage in discussions with the relevant authorities in Ghana. Proposals have been made but not agreed as they do not provide certainty. Progress, though very slow, is being made.
Peru: Block 183 (Clontarf 3% Production Royalty)
Union Oil and Gas Group ("UOGG"), a subsidiary of Union Group, a US$1 billion privately held company that invests in natural resources and infrastructure in Latin America, has acquired control of 80% of Hydrocarbon Exploration Peru Ltd ("HEPL"), a British company which owns 100% of Peruvian onshore oil and gas Block 183 in the Maraon Basin. UOGG is now the operator.
Other Activities:
An investing group has been examining an investment proposal for the Company. Negotiations have been very slow but continue. Should it happen it would involve the investors taking a strategic stake as well as providing some management. It is early stage.
All resolutions were passed at the meeting.
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 7382 1100
John Howes / Mark Treharne (Broking)
Public Relations
Blytheweigh +44 (0)20 7138 3204
Tim Blythe +44 (0) 7816 924 626
Halimah Hussain +44 (0) 7725 978 141
Camilla Horsfall +44 (0) 7871 841 793
PSG Plus
Aoife Ross +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
This information is provided by RNSThe company news service from the London Stock ExchangeENDRAGPKBDQKBKDQAB
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