Clontarf Energy Share Discussion Threads

[bigbudda] 22/10/2018 14:48

As a long time suffering shareholder one hopes they finally get their act together and give us some good news

[janestone] 22/10/2018 14:45

And erin to replace springfield imo.

[bigbudda] 22/10/2018 14:20

BLOCK 1 in the Bag let's hope so ha ha

[flyhi] 22/10/2018 12:37

when you compare block one with our area you´ll see that it is one and the same...

[the sage] 22/10/2018 10:50

Thanks Jane. Sounds good. Here's hoping.

[janestone] 22/10/2018 10:42

I.E. discoveries have been made.

[janestone] 22/10/2018 10:41

A legacy field is one where known hydrocarbons exist.

[the sage] 22/10/2018 10:37

Hi Jane. How would you define a legacy field? Would that be a field that is further down the line to development? On Tano 2a, we already have existing seismic which has been re-processed and re-analysed.

[flyhi] 22/10/2018 10:36

When Pet/Clon is the strategic partner of the GNPC then we will hear the good news soon

[janestone] 22/10/2018 10:06

The question is, what happens to a licence of a bankrupt company, (erin energy) does it get automatically handed back to be given out again, or split?

[ein4] 22/10/2018 09:53

Janestone, very good post and sums it up well,I agree the upside is potentially huge.Just a question of waiting and of course Hoping ?

[janestone] 22/10/2018 09:28

You can lead a horse to water...

[janestone] 22/10/2018 09:26

Their licence was never ratified, without ratification then they couldn't legally begin work. They had an agreement, but it didn't go through parliament and it wasn't ratified. That's why they couldn't begin work. The disputes afterwards were because other companies were given coordinates that matched the coordinates that they had been given.

The new situation is that the coordinates have now been agreed. It might be that the coordinates have changed slightly, to an adjacent site, but I don't know until the news is released. Only then once the licence is approved in parliament is when they have three years to spud a well, and two years more to spud a second well, and two further years to spud a third well.

Only when ratification is passed can they enter into JVs, or raise funds to drill. If, as I think, they've been given a licence with legacy fields then I predict a huge re-rate.

[flyhi] 22/10/2018 09:22

pippi, penner wrong again

The Minister said blocks numbered two, three and four were what would be bided for, while blocks five and six were in deep waters and

!! block one would be reserved for the Ghana National Petroleum Corporation (GNPC)."!!

...to explore in partnership with its chosen strategic partner with the view to developing its technical capacity and becoming an Operator."

...and now guess who this partner is...

As I said: exciting times ahead.

[lippe] 22/10/2018 09:10

First winning bid announce Q4 2019, why does the arch deceiver attempt to bury this fact ...

[fenners66] 22/10/2018 08:52

You think that helps ?

"“The Ministry of Energy will engage with the operators, after the review, on the adoption of best methods for increasing oil recovery rate. For petroleum agreements that are dormant, the ministry will encourage the operators to consider inviting stronger partners to join them or risk the termination of these petroleum agreements should they persist in failing to meet their minimum work obligations,”


Clon/PET have done nothing with their "agreements" in years so they already are in the frame for termination....

Does that not sound fair ?

Welcome to the real world - it is not fair....

Even if not already terminated - they have no money to activate the exploration so ... termination would follow anyway....

[janestone] 22/10/2018 08:04

This might be of interest too.

[janestone] 22/10/2018 08:00

Flyhi

I found that too

[flyhi] 21/10/2018 21:40

Ghana Will Auction Three Blocks in 2018

we are gratified that the government yesterday opened a competitive tendering process to auction six out of nine prepared oil blocks in the Tano Basin, offshore Cape Three Points in the Western Region.

[flyhi] 21/10/2018 21:36

pippi - wrong again!

Presenting an overview of the licensing rounds, the Chief Director of the Ministry of Energy, Mr Lawrence Apalse, said ...

blocks numbered two, three and four were what would be bided for, while blocks five and six were in deep waters and

!! block one would be reserved for the Ghana National Petroleum Corporation (GNPC).!!

Graphic Online; Oct.16th, 2018)

[firmor] 21/10/2018 17:19

yeah lippe 66 foot high dung

[eddieohare1] 21/10/2018 15:47

This board is full of dung!

[emilio] 21/10/2018 15:17

PIPIPPPPIPIPIPIPI ?

[lippe] 21/10/2018 14:38

First winning bid awarded Q4 2019, means another twelve months lolzing on the deckchairs working up the next ripping yarn ...