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Clontarf Energy Updates Negotiations for Tano Basin Acreage

Source: www.gulfoilandgas.com 9/7/2016, Location: Africa

The directors of Clontarf wish to advise shareholders that, further to our 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 our prior application on deep-water Tano Basin acreage as well as replacement acreage for our signed Petroleum Agreement on Tano 2A Block.

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

Our 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.

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

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