Clontarf Energy Share Discussion Threads

[elmfield] 05/6/2017 21:29

People getting to over excited, IMv.

[dice1950] 05/6/2017 21:02

Equatorial Guinea Ronda Winners Announced at AOP
…
• H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, announced the winners at the second annual Africa Oil & Power conference on Monday.

• Winners included companies that currently operate in the country, such as Ophir Energy, as well as new entrants, including Clontarf Energy and Offshore Equator Plc.

• Negotiations on contracts are set to begin June 19, 2017

Cape Town, June 05, 2017 — The seven winners of the EG Rhonda 2016 Licensing Round were announced Monday by H.E. Gabriel Mbaga Obiang Lima, the Minister of Mines and Hydrocarbons of Equatorial Guinea at Africa Oil & Power, one year after the Ronda was initially launched. Out of a total of 23 companies expressing interest in the licensing round since the EG Ronda opened in June 2016 at the inaugural Africa Oil & Power event, 12 companies submitted official bids for the EG Ronda.

Of those, just seven companies have advanced to negotiations, which are set to begin June 19, 2017.

“Some of the companies are majors, some are minors, but the important thing is that they are companies dedicated and willing to do exploration and that is the thing that needs to be done,” said H.E. Gabriel Mbaga Obiang Lima at the conference.

Winners are:

• Ophir Energy for Block EG-24

• Offshore Equator PLC for Block EG-23

• Clontarf Energy for Block EG-18

• Elenilto for Block EG-09

• Taleveras for Block EG-07

• Atlas Petroleum and Strategic Fuel Fund for Block EG-10

• ExxonMobil for Block EG-11 (Direct Negotiation)

Also Monday, the Minister announced that the government has already signed a new production sharing agreement with ExxonMobil for Block EG-11, which is contiguous to their Zafiro oil field.

The closing of the licensing round was extended to April 28, 2017, due to heightened interest from investors. Production Sharing Contracts should be signed by Sept. 15 and ratified before the end of the year. The round included 17 blocks, both offshore and onshore blocks, as well as unexplored acreages.

The results come after Equatorial Guinea took the Ronda on a global roadshow to attract international investments, with government officials making stops in London, Singapore and Abu Dhabi.

The Ministry also provided extensions of one month to Total and Lukoil to complete discussions on awarding potential licenses.

Equatorial Guinea first started producing in 1991, when the Alba field came online, quickly followed by the Zafiro oil field in 1995. Now, the country produces an average of 342,000 barrels of oil equivalent per day. Production Sharing Contracts in Equatorial Guinea can either be awarded via competitive international tender or direct negotiation, with exploration periods set at two initial sub-periods of four or five years, plus a maximum of two one-year extensions. The state is entitled to a 20 percent carried interest participation.

Media Inquiries: Caty Hirst | Producer |[e-mail] | [phone]

[currypasty] 05/6/2017 19:44

Clontarf Energy for Block EG-18

[flyhi] 05/6/2017 18:57

what are they saying on twitter?

[n902] 05/6/2017 18:47

block 18awarded to clonmultiple sources confirmrns in the morning

[elmfield] 05/6/2017 17:32

Something on twitter worth a look but is it right?
On the move today it may be.

[elmfield] 05/6/2017 17:25

Looks
Like something is coming our way, I wonder?

[n902] 05/6/2017 16:48

.

:)

[elmfield] 05/6/2017 16:21

.
Who knows?

[ajj2003] 02/6/2017 13:28

That linked article is Guyana!

[lippe] 01/6/2017 12:59

Oil and Chinese investment to bring record revenue to Guyana

Could dice1950 and our very own Daithi Hat be related, after all Ghana and Guyana both sound similar, and that would be an honest, lolz mistake ...

[dice1950] 01/6/2017 08:21

CLON guys this runs through our new licence that will be announced around the 5th June - Exxon Mobile discovers

[lippe] 31/5/2017 13:14

Sack The Hat and derail the gravy train, no more honest, lolz mistakes ...

[lippe] 31/5/2017 13:13

"we need to reinvigorate the Company"

the deeply ironic words of a geriatric old fart ...

[fenners66] 30/5/2017 18:42

Wow that sounds very brave..... and do you expect that will tip the balance?

[currypasty] 30/5/2017 17:26

as per John's statement in the results RNS


"we need to reinvigorate the Company. We continue to examine proposals for new projects, new directions and new personnel. We are well financed for our current activities. "



I would agree with him there, perhaps this should have been actioned years ago?

To this end I shall vote AGAINST the re-election of Horgan at the agm resolutions

[dice1950] 26/5/2017 13:54

Clontarf at the double Marathon Oil And ExxonMobil
26 May 2017 11:44 GMT🔥💥;😉


Marathon Oil's Alba gas condensate field


ExxonMobil unit extends FPSO contract for Zafiro field off Equatorial Guinea
HOUSTON, May 12
05/12/2017

[lippe] 21/5/2017 21:52

"We need to reinvigorate the company.” lolz - sack The Hat ...

“ensured survival by maintaining their exploration interests and by raising new funds when available”. beyond lolz ...




Clarity is not something that can always be taken for granted when working through the financial results of companies – listed or otherwise. Credit, then, to serial entrepreneur John Teeling.

Publishing figures for London AIM-listed Clontarf Energy showing another year with no revenues to say nothing of profits, Teeling noted that “investors in junior exploration shares have had a tough time in recent years”.

Indeed. He goes on to concede that the lack of buying interest in AIM-listed exploration ventures such as Clontarf has now extended to nine years – since the financial crash.

Still, the irrepressible Teeling is confident the cycle will turn and asserts Clontarf’s focus to be in a position to benefit when that happens. “Investors good enough, or lucky enough, to select the right vehicles will profit handsomely,” he predicts.

Lucky is right. The fortunes of exploration minnows in delivering investor returns in recent years is underwhelming, despite the continuing enthusiasm by Teeling and others for myriad oil, gas and commodity plays in far-flung places.

Clontarf’s main focus is on Ghana. Over the past seven years, progress has been interrupted by “disputes, discussions and resolutions” on a range of issues. Teeling notes that recent elections returned to power the party with which Clontarf has reached accord.

“We have good working relationships with politicians in this party,” he says. He better hope they last the distance.

In Peru, successive delays mean test drilling is unlikely before 2019, while three blocks it inherited in Bolivia have been nationalised and even the ebullient Teeling struggles to provide any grounds for optimism in the medium term.

Clontarf, says Teeling, has “ensured survival by maintaining their exploration interests and by raising new funds when available”.

To date that has worked but the share price is struggling for air. As a result, investors at Clontarf and other industry minnows will heartily endorse Teeling’s conclusion: “We need to reinvigorate the company.”

[fenners66] 20/5/2017 01:10

"We have not relied totally on our legacy ventures" - that's convenient because non have worked - the problem is they have been selling the same unreliable legacy ventures to new investors for 9 years so surely that signals now is the time to stop?

[lippe] 19/5/2017 16:52

Clontarf Energy has ensured survival by maintaining their exploration interests and by raising new funds when available. We have active interests and are well funded for the present. We have not relied totally on our legacy ventures and in recent years have examined numerous new ventures and directions. I report below on one such venture.

Set in the fictional realm of Daithi Horgans headspace, a fantasy world of magic, mythical beasts, and talking animals, the series narrates the adventures of various Clontarfinnian's who play central roles in the unfolding history of that world. Except in Daithi Half Hat's Adventures the protagonists are all world class explorer's from the real world, magically transported to Narnia, where they are called upon by the lion Aslan to protect Narnia from evil and restore the throne to its rightful line.

[fenners66] 19/5/2017 10:19

Jungle Jim - LOL