REG - Clontarf Energy PLC - Update on Ghana Legal Proceedings <Origin Href="QuoteRef">CLON.L</Origin>

Clontarf EnergyAnnouncement

06/09/2014 16:46

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RNS Number : 5764M
Clontarf Energy PLC
17 July 2014 
 
17 July 2014 
 
Clontarf Energy plc 
 
("Clontarf" or the "Company") 
 
Update on Ghana Legal Proceedings 
 
The board of Clontarf are pleased to report that an agreement has been reached
with the Ghanaian authorities which clarifies the co-ordinates of the signed
Petroleum Agreement on a licence Block in the Tano area of Ghana.  It was
agreed that additional, contiguous acreage would be added to preserve the size
of the Block.  The agreement is between Pan Andean Resources Ltd (60%
Clontarf, 30% Petrel, 10% local interests) the Ghana National Petroleum
Corporation and the Government of Ghana.  All parties agreed to seek to
expedite the ratification process which requires Cabinet and Parliamentary
approval. 
 
As a consequence of this, Pan Andean Resources has discontinued its High Court
proceedings with rights to reapply. 
 
ENDS 
 
Enquiries: 
 
Clontarf Energy Plc 
 
John Teeling, Chairman                                                        
                                                        +353 (0)1 833 2833 
 
James Finn Director                                                           
                                                            +353 (0)1 833
2833 
 
Northland Capital Partners Limited 
 
Nominated Adviser and Broker 
 
+ 44 (0)20 7382 1100 
 
Gavin Burnell / Lauren Kettle 
 
John Howes / Alice Lane (Broking) 
 
Blytheweigh                                                                   
                                                                   +44 (0) 207
138 3204 
 
Tim Blythe                                                                    
                                                                      +44 (0)
781 692 4626 
 
Eleanor Parry                                                                 
                                                                   +44 (0) 755
129 3620 
 
Halimah Hussain                                                               
                                                               +44 (0) 772 597
8141 
 
Pembroke Communications 
 
Natalie Tennyson                                                              
                                                              +353 (0) 1 649
6340 
 
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