REG - Clontarf Energy PLC - Tano 2A Block Update
RNS Number : 8797AClontarf Energy PLC17 September 2018
17th September 2018
Clontarf Energy plc
("Clontarf" or "the Company")
Update regarding contract for the Tano 2A Block
Clontarf Energy, the oil and gas exploration company with an interest in Ghana, is pleased to announce that the Company's Directors believe they have resolved the outstanding issues with the Ghana National Petroleum Corporation (GNPC) regarding a contract for the development of the Tano 2A Block (the 'Petroleum Agreement'). As such, all legal proceedings have been withdrawn and the Company looks forward to making further announcements regarding the Petroleum Agreement in due course.
David Horgan, Director, commented:
"We are delighted to report that all outstanding issues have now been resolved with GNPC regarding our Tano 2A Block. All legal proceedings have been withdrawn so, after normal consultations, the next stage is for the Petroleum Agreement to be sent to Cabinet for review. I look forward to providing further announcements as appropriate."
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
ENDS
For further information please visit http://www.clontarfenergy.com/ or contact:
Enquiries:
Clontarf Energy
John Teeling, Chairman
+353 (0) 1 833 2833
David Horgan, Director
Nominated Adviser and Broker
Northland Capital Partners Limited
Tom Price and Dugald Carlean
(Corporate Finance)
+44 (0) 20 3861 6625
Rob Rees / Isabella Pierre
Public Relations
Blytheweigh
+44 (0) 207 138 3206
Simon Woods
+44 (0) 746 643 9633
Camilla Horsfall
+44 (0) 787 184 1793
Teneo PSG
Luke Hogg
+353 (0) 1 661 4055
Alan Tyrrell
+353 (0) 1 661 4055
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