Clontarf Negotiates for Ghanaian Acreage

Sunday, September 11, 2016

Clontarf Energy reported that it has met with authorities in Ghana regarding the Tano 2A Block. The company said negotiations are underway in relation to possible award of acreage in respect to its prior application.

The negotiations could result in an award of the deep-water Tano Basin acreage as well as replacement acreage for its signed Petroleum Agreement on Tano 2A Block.

Clontarf did say that no assurances could be given that such negotiations would lead to a successful outcome for the company and its partners.

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

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