Gulf Oil and Gas accountACCOUNT

Clontarf Energy Provides Update on Ghana Legal Proceedings

Source: www.gulfoilandgas.com 7/17/2014, Location: Africa

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.

For more information about related Opportunities and Key Players visit West Africa Projects

Acquisitions and Divestitures News in Ghana >>

South Africa >>  10/28/2020 - Impact Oil & Gas Limited, a privately-owned, African-focused, exploration company, is pleased to announce that its wholly-owned subsidiary, Impact Afr...
Nigeria >>  10/26/2020 - Canadian Overseas Petroleum Limited, an international oil and gas exploration and development company focused on sub-Sahara Africa, is pleased to ann...

United States >>  10/26/2020 - Mosman Oil and Gas Limited, the oil exploration, development, and production company, announces it has today executed contracts to acquire an addition...
Egypt >>  10/25/2020 - Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (“IPR”) for the sale of its onshor...

Australia >>  10/23/2020 - Terra Nova Resources Inc. has received notice from Armour Energy Limited that Armour intends to exercise its option right (the “Option Right”) to acqu...
Brazil >>  10/23/2020 - Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of a set of eleven onshore production field concessions, with i...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Ghana Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Ghana >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.