Skip to main content

Clontarf Energy provides update on negotiations for deepwater Tano Basin acreage

Published by
Oilfield Technology,

The directors of Clontarf (AIM: CLON) have advised shareholders that, further to an announcement of 22nd June 2016, Clontarf and its partners have now met for discussions with Ghanaian officials. Negotiations are now underway in relation to possible award of acreage in respect of the company's prior application on deepwater Tano Basin acreage as well as replacement acreage for the signed Petroleum Agreement on Tano 2A Block.

No assurances can be given that such negotiations will lead to a successful outcome for the company.

The 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.

For more information, please visit:

Adapted from a press release by Louise Mulhall

Read the article online at:

You might also like

Professor Andrew Woods reports on oil & gas industry safety risks

A report on the safety risk of working in confined spaces, developed by Professor Andrew Woods of the BP Institute at Cambridge University, indicates that many organisations in the oil & gas industries have been operating below the generally tolerable levels of safety risk.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Oil & gas news