Source - RNS
RNS Number : 3697M
Clontarf Energy PLC
12 October 2016



12th October 2016



Clontarf Energy plc

("Clontarf" or "the Company")


Proposed Work Programme at Tano Acreage in Ghana



The Directors of Clontarf (AIM: CLON) are pleased to announce that, further to the announcement of 19th September 2016, a proposed work programme on the Tano acreage offshore Ghana has been submitted to the Ghanaian authorities in Accra.  The new work programme will form part of the ongoing negotiations regarding the terms of acquiring an exploration licence for the Tano Basin acreage.


The Company's directors look forward to providing shareholders with further updates, including specific geological information relating to the new acreage co-ordinates (which are also subject to final agreement) and the subsequent exploration plans, as negotiations progress.


At present, no assurances can be given that the ongoing negotiations will lead to a successful outcome for the Company.


Clontarf's Ghanaian affiliated company, Pan Andean Resources (Ghana) Limited, is a private Ghanaian company held 60% by Clontarf, 30% by Petrel Resources and 10% by local Ghana interests.


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






For further information please visit or contact:


Clontarf Energy plc

John Teeling, Chairman                                                               +353 (0) 1 833 2833

David Horgan, Director


Nominated Adviser and Broker

Northland Capital Partners Limited

David Hignell / Gerry Beaney (Corporate Finance)                      +44 (0)20 3861 6625

John Howes (Broking)


Public Relations

Blytheweigh                                                                                +44 (0)20 7138 3204

Tim Blythe                                                                                    +44 (0) 7816 924 626

Camilla Horsfall                                                                            +44 (0) 7871 841 793

Nick Elwes                                                                                    +44 (0) 7831 851 855

Rachael Brooks

Jonathan Garfield


PSG Plus

Colm Heatley                                                                                +353 (0) 1 661 4055

Alan Tyrrell                                                                                   +353 (0) 1 661 4055

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