Highlights of comments made at AGM 21 June 2017

RNS Number : 7447I

Clontarf Energy PLC

21 June 2017

 

21^st June 2017

Clontarf Energy plc

("Clontarf" or "the Company")

Highlights of Comments Made at the AGM of Clontarf Energy, London, 21^st June 2017

·        Progress has been made in Ghana, over the past year, as updated by RNS dated 8^th June, where Clontarf holds a 60% interest in the Tano 2A concession.  There is a resolve on both sides to reach a conclusion.  Discussions are ongoing.

·        Advances have been made in Peru where Clontarf holds a 3% revenue royalty on offshore Block 183.  Union Oil, the block operator, is working through the environmental permits and other issues required prior to a drilling decision.  The area has seen discoveries in recent times while there is a deficit in energy supplies to local cities.

·        The recent award of Block 18 offshore Equatorial Guinea offers an entry into the rapidly evolving offshore West Africa oil province.  Detailed discussions on terms will begin shortly.

·        The directors have ongoing discussions with parties interested in bringing projects and finance to Clontarf Energy.

All resolutions were passed at the meeting.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

For further information please visit http://clontarfenergy.com or contact:

Clontarf Energy plc

John Teeling, Chairman                                                               [phone]

David Horgan, Director

Nominated Adviser and Broker

Northland Capital Partners Limited

Tom Price / Gerry Beaney (Corporate Finance)                           [phone]

John Howes (Broking)

Public Relations

Blytheweigh                                                                                 [phone]

Nick Elwes                                                                                     [phone]

Camilla Horsfall                                                                            [phone]

Teneo PSG

Ciaran Flynn                                                                                  [phone]

Alan Tyrrell                                                                                   [phone]

 

END

 

 

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