Clontarf Energy was formed following the sale of Pan Andean Resources PLC’s Colombian and Peruvian assets for $30 million to Petrominerales (now Pacific Rubiales). A merger of the remaining assets including Bolivia and Ghana formed the basis for Clontarf Energy. The team applied for a number of blocks in the country.
- Clontarf Energy was awarded two exploration blocks in Peru in the October 2010 bid round.
- Following the completion of the Peruvian work programme in 2013, Clontarf brought in a partner on the highly prospective Block 183, close to recent finds.
- The company also has 60% of the Ghana Tano 2A Block - a 1,532km2 Block, close to four recent discoveries by Tullow Oil plc and Kosmos. We await ratification of the amended Petroleum Agreement by Cabinet and Parliament, in accordance with the law.
- There are ongoing discussions for additional oil and gas exploration opportunities in other prospective countries.
* NOTE: The rights of shareholders are in accordance with UK company law.