Clontarf Energy PLC - Corporate Update
("Clontarf" or "the Company")
The board of
In terms of providing shareholders with an update on the Company's projects in
We are ready to initiate the Tano 2A work programme, as soon as the signed Petroleum Agreement is ratified, and subject to securing the necessary funding.
Despite lower oil prices, in the Board's view, the Tano (and Cretaceous oil play generally in
Recent high-level official meetings have been productive. The Company understands that new shareholders in
Clontarf also notes the passing of insolvency legislation that may assist in the recovery of all of our original Tano 2A coordinates. There now appears to be a legal structure enabling the authorities to recover 529km2 of the original acreage Tano 2A acreage over which Clontarf signed, with partners, a Petroleum Agreement, and which is now awaiting ratification.
Clontarf submitted a proposal on medium-sized salt-lakes (including at least one with good Lithium grade & low Magnesium impurity) shortly before the end-2019 Bolivian General Election.
Following the resignation of the outgoing Bolivian government, we have been in discussions with the heads of the
In summary, Clontarf continues to progress its interests in
Shareholders are referred to the Company's website and the Company's Interim Statement for the period ended
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please visit http://clontarfenergy.com or contact:
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+353 (0) 1 833 2833
Nominated & Financial Adviser
+44 (0) 20 7409 3494
+44 (0) 207 399 9400
+44 (0) 207 138 3206
+44 (0) 207 138 3204
+44 (0) 207 138 3208
+353 (0) 1 661 4055
+353 (0) 1 661 4055
This information is provided by RNS, the news service of the
Quick facts: Clontarf Energy
Market Cap: £3.41 m
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