Clontarf Energy Share Discussion Threads

[ein4] 07/11/2018 23:44

I expect to make a lot of money here, already well up, that’s what buying shares is all about. It’s all about the Money, a few posters here don’t get it, are they fans of Westworld?

[fenners66] 07/11/2018 22:42

Anything over $25 could go wrong.... thats about enough to buy a round of coffee - not the fantasy $25m that even they and all the quoted companies together have not managed to burn through in 10 years...

[emilio] 07/11/2018 18:47

pppipppipppi

[lippe] 07/11/2018 18:43

Dave, Johno and agreed contracts, what could possibly go wrong ...

£25 million lolz #delusionalpeeps

[flyhi] 07/11/2018 16:07

Petrel and Clontarf said they had last month agreed

a contract

for the development of Tano 2A
with an initial work programme spanning three years from ratification and a minimum work programme of $25 million.

[currypasty] 07/11/2018 16:04

Delivered by Deputy Minister Amin Adam, the opening of the 2018/19 Ghana bidding round is an exclusive opportunity at Africa Oil Week bought to you by the Ghanaian Ministry of Energy and PGS.

Host: Hon Minister Adam Amin, Deputy Minister of Energy - Republic of Ghana
Partner: PGS
Time: 15.30 – 17.30, Thursday 8 November
Location: Prospect Forum

This hotly anticipated round will focus on six blocks ranging in size from 1,000 square kilometres which are in the highly prospective Western Basin. Two of the blocks are ultra-deep-water, at 3,000m+ and they carry 2D and 3D seismic data from the period of 2000–2013. AOW, PGS and the Ministry of Ghana welcome all delegates to attend the session.

[cashandcard] 07/11/2018 15:26

Others have been involved in Ghana and gotten on with their licenses. This is a specific issue with PA and its owners. Others have been active for years. The introduction of Exxon or anyone else has little relevance to the ratification of license for PA.


Cash

[flyhi] 07/11/2018 13:39

Ghana to launch first exploration licensing round
upon launch the only shallow water/onshore transition acreage formally offered under the six-block round is

apparently already under negotiation

with Irish explorers Petrel Resources and Clontarf !!!

[ein4] 07/11/2018 13:00

Exxon are now involved , they don't get involved if there are going to be long delays. To remove any possible legal threat in the U S against the Government was the first step for Clontarf , next is to get a stake, next a farm out, which will not be hard?Long wait but I am expecting a big payout?

[cashandcard] 07/11/2018 12:47

NR,


That is the entire reason and point though, which is why this is where it is. There is only so long anyone will wait.


Cash

[nick rubens] 07/11/2018 12:44

CandC we've already been waiting several years. The point being they have to sign and ratify formally and let the explore and drills begin.

ratification
/ratɪfɪ12;keɪʃ(ə)n/
noun: ratification; plural noun: ratifications

the action of signing or giving formal consent to a treaty, contract, or agreement, making it officially valid.

[cashandcard] 07/11/2018 12:36

NR,

Even if they realise it, the problem is one may yet have to wait years for that ratification to come through. They certainly take their time in Ghana.


Cash

[nick rubens] 07/11/2018 12:30

The Ghanaian authorities need to finally ratify some licenses as it's in their interests also. Maybe they are coming to that realisation themselves?

[currypasty] 07/11/2018 12:08

copy of post from LSE..

Ghana acreage under negotiation with Irish explorers Petrel Resources and Clontarf Energy

Ghana to launch first exploration licensing round
upon launch the only shallow water/onshore transition acreage formally offered under the six-block round is apparently already under negotiation with Irish explorers Petrel Resources and Clontarf Energy,writes Barry Morgan.

Petrel has been in talks with the authorities since 2008, including the Ghana National Petroleum Corporation, the Energy Ministry and Petroleum Commission.

The company finally signed a revamped petroleum agreement for the Tano 2A block after earlier disputes over coordinates were resolved.

Chief executive David Horgan told financial media earlier this month that the initial deal was signed with the current government before it went into opposition, and now that the pro-business New Patriotic Party has returned, so have prospects for ratification.

It is understood that a revised version of that agreement has been approved by the Commission but has yet to be presented to the Cabinet and parliament.

Petrel claims to have invested some $1 million in acquisition of well reports and seismic, moving to re-interpret data and “analyse structural and stratigraphic traps to identify a high number of potential targets” — essentially completing all the first-phase seismic work.

Once the administrative process is complete, Petrel will move into the reprocessing stage, collecting oil seep data before launching fresh seismic to finalise drilling targets.

Last month Petrel raised $526,500 in placement shares, planning to deploy proceeds “to fund costs related to the Ghanaian assets”, formally held by private local entity Pan Andean which in turn is owned 60% by Clontarf, 30% by Petrel, with 10% retained by indigenous Ghanaians.

Petrel and Clontarf said they had last month agreed a contract for the development of Tano 2A with an initial work programme spanning three years from ratification and a minimum work programme of $25 million.

The two companies are targeting the Cenomanian-Turonian sequences of the deeper Tano basin.

Also uncertain is the fate of the neighbouring Expanded Shallow Water Tano block abutting the Ivorian maritime boundary, held by Houston-based Erin Energy, which earlier this year went into liquidation.

[nick rubens] 07/11/2018 11:57

Big Buying today. News expected?

[the sage] 07/11/2018 11:05

Pet moving up too.

[elmfield] 07/11/2018 10:51

More or less last placing price, a way to the next one! Will we ever make a turn? Tick tock

[bigbudda] 07/11/2018 10:45

Lets hope so cant take much more

[elmfield] 07/11/2018 10:37

Is it coming home at last, over ten yearsWaiting, needs to be a good one.

[the sage] 07/11/2018 10:36

Just had a last top up. Fully loaded now.

[oilbuy] 07/11/2018 09:55

Bid dropped