Clontarf Energy Share Discussion Threads

[leader11] 23/1/2019 11:41

The block shouldn't be up for bids. .they are awaiting for ratification they already bud for the block years ago.

[urigem] 23/1/2019 11:24

I think as this circles buyers will start to realise what is happening and this will go nuts.

Happy for it to be quiet for now

[urigem] 23/1/2019 11:18

know one looking - company should issue an update., but perhaps need to stay tight lipped for now. inside , but freely available on google

[nicky21] 23/1/2019 11:15

THIS IS GOT INSIDE INFORMATION ALL ALONG AND ITS NOT MOVING.

[nicky21] 23/1/2019 11:05

if there was anybody looking for inside information on a share then this is it...
once in a life opportuntity for small Private Investors.

[urigem] 23/1/2019 10:40

NEWS FROM GHANA 1 HOUR AGO

We are not part of the 16, Which must mead we are still part of the GNPC BLOCK

SEE BELOW

Fourteen out of the sixteen companies that applied to explore oil blocks put on offer by the government, have qualified for the next stage of the bidding process.

According to the Ministry of Energy, the fourteen companies will now have up until May 21, 2019 to submit their bids for three (3) out of the five (5) available oil blocks.

The competitive tendering process, according to the government, is part of efforts aimed at ensuring transparency, value for money and getting companies with the requisite financial and technical expertise to exploit the Oil and Gas resource.

The process, which was ushered in by President Nana Akufo-Addo on October 15, 2018, begun with sixteen (16) companies putting in Sixty (60) applications in connection for the different oil blocks.

Out of the 6 oil blocks up for exploration, Block 1 has been reserved for the Ghana National Petroleum Corporation (GNPC). Blocks 2, 3 and 4 are up for competitive bidding, while Blocks 5 and 6 will be awarded by government after Direct Negotiation with some select oil companies.

All prospective bidders submitted their applications on the 20th of December, 2018.

Head of Communications at the Ministry of Energy, Nana Damoah explained to Citi Business News that transparent processes were used to arrive at the number.

“The objective of prequalification is to ensure that we only allow companies that have the financial muscle, technical competence and are willing to give us the best in terms of local content to move on to the next level. Out of the two companies that failed to make it, one applied for a block reserved for the Ghana National Petroleum Corporation (GNPC) making their bid invalid. The second company did not meet our prequalification requirements. The remaining 14 have been prequalified and have been sent the bidding document together with the evaluation criteria and a scorecard,” he said.

According to Nana Damoah government is on track to awarding the 3 oil blocks up for bidding to the best companies out of the remaining 14 in August this year.

“We are very much on schedule. At the launch event we put out a timeline and you will realize we have met the deadlines so far. Moving forward the next critical date is May 21, 2018. And we are sure we will meet this deadline which will lead to the ultimate conclusion of the award of block in August this year.”

The original pool of companies that put in a bid for the 3 oil blocks include China National Offshore Oil Corporation (CNOOC), Cairn Energy, Qatar Petroleum, Global Petroleum Group, First E&P, Sasol, Equinor and Harmony Oil and Gas Corporation. The rest include ExxonMobil, British Petroleum, Tullow Ghana Limited, Total, ENI Ghana, Vitol, Kosmos Energy And Aker Energy.Fourteen out of the sixteen companies that applied to explore oil blocks put on offer by the government, have qualified for the next stage of the bidding process.

According to the Ministry of Energy, the fourteen companies will now have up until May 21, 2019 to submit their bids for three (3) out of the five (5) available oil blocks.

The competitive tendering process, according to the government, is part of efforts aimed at ensuring transparency, value for money and getting companies with the requisite financial and technical expertise to exploit the Oil and Gas resource.

The process, which was ushered in by President Nana Akufo-Addo on October 15, 2018, begun with sixteen (16) companies putting in Sixty (60) applications in connection for the different oil blocks.

Out of the 6 oil blocks up for exploration, Block 1 has been reserved for the Ghana National Petroleum Corporation (GNPC). Blocks 2, 3 and 4 are up for competitive bidding, while Blocks 5 and 6 will be awarded by government after Direct Negotiation with some select oil companies.

All prospective bidders submitted their applications on the 20th of December, 2018.

Head of Communications at the Ministry of Energy, Nana Damoah explained to Citi Business News that transparent processes were used to arrive at the number.

“The objective of prequalification is to ensure that we only allow companies that have the financial muscle, technical competence and are willing to give us the best in terms of local content to move on to the next level. Out of the two companies that failed to make it, one applied for a block reserved for the Ghana National Petroleum Corporation (GNPC) making their bid invalid. The second company did not meet our prequalification requirements. The remaining 14 have been prequalified and have been sent the bidding document together with the evaluation criteria and a scorecard,” he said.

According to Nana Damoah government is on track to awarding the 3 oil blocks up for bidding to the best companies out of the remaining 14 in August this year.

“We are very much on schedule. At the launch event we put out a timeline and you will realize we have met the deadlines so far. Moving forward the next critical date is May 21, 2018. And we are sure we will meet this deadline which will lead to the ultimate conclusion of the award of block in August this year.”

The original pool of companies that put in a bid for the 3 oil blocks include China National Offshore Oil Corporation (CNOOC), Cairn Energy, Qatar Petroleum, Global Petroleum Group, First E&P, Sasol, Equinor and Harmony Oil and Gas Corporation. The rest include ExxonMobil, British Petroleum, Tullow Ghana Limited, Total, ENI Ghana, Vitol, Kosmos Energy And Aker Energy.

[urigem] 23/1/2019 09:00

Pages are being worked on and removed from site map, google clontarf

Clontarf Energy
www.clontarfenergy.com/
No information is available for this page.
Learn why
You've visited this page 3 times. Last visit: 21/01/19

It means that the website prevented Google from creating a page description, but didn't actually hide the page from Google.

If you own this page you can improve this result either by letting Google read the page to create a good description, or hiding the page entirely from Google Search results. Read below to learn how.

[urigem] 23/1/2019 08:27

from lse

Why would CLON PA be the only one not to be evaluated and left in legal limbo - either way, it will be resolved according to law, in an accountable and transparent manner.

•The combined group controls 60% Working Interest "

If that statement - which is new text just written - is taken off the site tomorrow or edited back to CLON 60%, Pet 30%, local 10% then not sure what to think - if its left then not sure what to think!

"Group" sounds bigger than just Clon and Pet

However - this is new aswell

"The amended area for exploration and production rights for the Tano 2A Petroleum Agreement for the block are set out as below. "

"below" is supposed to be a map - as deleted, so new maps are being developed - block 1 shape probable?

the term block is new aswell, before it was just licence area - block is new from this round of licence spin out terminology

The maps should show some of detail of the petroleum agreement sent to cabinet to ratify - they must have got word this is given, or confidence is high it will be - otherwise why disturb the slumber of recent years in litigation and no activity at all, why commence this web update, create a whole new company ethics and accountability charter, ten points in detail - its one of the most comprehensive ive seen on any company site frankly, new financial advisor last week...

[urigem] 23/1/2019 08:06

read the full text - PAN ANDrean - the combined group hold 60% or that is what the new page has just stated - the combines group used to say 100% - it maybe an error, but no wish to deceive, and these pages were change very recently

The concession was awarded to a Ghanian company ‘Pan Andean Resources Limited’ which is owned by:

60% Clontarf Energy plc

30% Petrel Resources plc

10% Ghanaian interests (Abbey Oil & Gas Limited)

• Pan Andean and the Ghana National Petroleum Corporation (GNPC) executed a valid agreement in 2008 in respect of exploration of the Tano 2A area;

• A revised petroleum Agreement was signed between the parties and the Ghana National Petroleum Company (GNPC) in March 2010;

• Pan Andean, following protracted negotiations with the GNPC, instituted a lawsuit in March 2014 seeking equitable reliefs to protect its lawful rights under the signed Petroleum Agreement;

• Based on the good faith shown by the Ministry of Energy and Petroleum to amicably settle the matter out of court, Pan Andean moved to discontinue the matter in July 2014, while retaining the right to re-apply to the High Court should this prove necessary;

• The amended area for exploration and production rights for the Tano 2A Petroleum Agreement for the block are set out as below. We now await the Ministry to implement the agreed settlement and process the same expeditiously.

We await ratification of the amended Petroleum Agreement by Cabinet and Parliament, in accordance with law.

Click on map below to enlarge



The combined group controls 60% Working Interest and is the operator of the Offshore/Onshore Tano Block
Held via Ghanaian vehicle (‘Pan Andean Resources Limited’) in accordance with law
Block size: c. 1,500 km2 (150k hectares)
Basin: Tano
Geological Target: Cretaceous
Potential : multi-billion barrel recoverable

[lippe] 23/1/2019 07:59

Semantics to those who would dearly like to believe, or deceive, delete where applicable.

60% Clontarf Energy plc
30% Petrel Resources plc
10% Ghanaian interests (Abbey Oil & Gas Limited)

[urigem] 22/1/2019 22:51

Posts on LSE uncovering a lot ..

[urigem] 22/1/2019 20:40

Maybe a typo, but combined group held 100%

[urigem] 22/1/2019 20:37

From the Clontarf website — 60%?!?!

Has a deal been done? It was 100%

See below

The combined group controls 60% Working Interest and is the operator of the Offshore/Onshore Tano Block
Held via Ghanaian vehicle (‘Pan Andean Resources Limited’) in accordance with law
Block size: c. 1,500 km2 (150k hectares)
Basin: Tano
Geological Target: Cretaceous
Potential : multi-billion barrel recoverable
Fiscal terms in Ghana are competitive, particularly after recent exploration success

[lippe] 22/1/2019 20:14

Notable by their absence, the arch deceivers, unable and unwilling to substantiate spurious claims of partnerships with the GNPC, hiding behind the penny scalping curtain silently encouraging others...

Absolute filth, a Clontarfinnians tale ...

[nicky21] 22/1/2019 16:23

news tomorrow maybe???


7 mins to buy.

[nicky21] 22/1/2019 16:21

whats happened all of a sudden blue.???

[nicky21] 22/1/2019 16:15

you mean BPC...
Clon will farmout on cash and carry.
expenditure covered.

[leader11] 22/1/2019 15:31

They've only £610,000 not enough for a rig ...but to pay exec board members salary. Ha ha .

[nicky21] 22/1/2019 14:50

not by me

i only posted on 4 bbs thats it..

anyway tidy 2 how is your BPC doing...you were ramping that bigtime last year.
BIGTIME

[tidy 2] 22/1/2019 14:44

This is being spammed on all the bbs

[nicky21] 22/1/2019 14:28

worth a listen.

[nicky21] 22/1/2019 14:21

IRA...

just wished they had blown up the London Stock exchange instead of Brighton or Manchester.

[ajj2003] 22/1/2019 14:13

Oil in Ukraine as well