Clontarf Energy Share Discussion Threads

[flyhi] 02/8/2017 16:26

Parliament of Ghana - 2nd August 2017

PRESENTATION OF PAPERS
The following Papers to be presented:

By the Chairman of the Committee
Report of the Committee on Mines and Energy on the
2017 Work Programme of the Ghana National Petroleum Corporation

the motion for the adoption of the
Report of the Committee on Mines and Energy on the 2017 Work Programme of the Ghana National Petroleum Corporation may be moved today

(Chairman of the Committee)
8
.
MOTION
That this Honourable House adopts the Report of the Committee on
Mines and Energy on the 2017 Work Programme of the Ghana
National Petroleum Corporation
.
(Chairman of the Committee

[flyhi] 02/8/2017 14:16

pippe - you are hopping mad - get a life

[lordz] 02/8/2017 14:13

Next pr should be interesting enough to see, how much more acerage they are given in what area of Tano basin too is the key interest for Clontarf . It would be more favourable if it's on the Ivory Coast claim.

[h2owater] 02/8/2017 14:13

From AGMHighlights of Comments Made at the AGM of Clontarf Energy, London, 21st June 2017 · Progress has been made in Ghana, over the past year, as updated by RNS dated 8th June, where Clontarf holds a 60% interest in the Tano 2A concession. There is a resolve on both sides to reach a conclusion. Discussions are ongoing. · Advances have been made in Peru where Clontarf holds a 3% revenue royalty on offshore Block 183. Union Oil, the block operator, is working through the environmental permits and other issues required prior to a drilling decision. The area has seen discoveries in recent times while there is a deficit in energy supplies to local cities. · The recent award of Block 18 offshore Equatorial Guinea offers an entry into the rapidly evolving offshore West Africa oil province. Detailed discussions on terms will begin shortly. · The directors have ongoing discussions with parties interested in bringing projects and finance to Clontarf Energy.

[lippe] 02/8/2017 14:07

strictly speaking that should be "you are the men", given the number of lying, cheating, deceiving no marks that have ramped under that bb guise.

Good lolz to all. BJ

[flyhi] 02/8/2017 13:57

maureen - you are the man!

[bean02] 02/8/2017 13:47

Lots of interest today.

[fenners66] 02/8/2017 13:33

“Clontarf has long been interested in Equatorial Guinea"

Only we never mentioned it before because we were holding another story up our sleeve in case the latest one went pear shaped , given our experience everything goes pear shaped so we have to have a plan Z its the only way to persuade the shareholders for the next placing......


"take the guy at his word" - of course why not - how is the 100,000's of Barrels of oil a day flowing from your Iraq Block 6? All good?

[emilio] 02/8/2017 12:32

PIPPE you little LOOOOOOOSSSAAA

[bokbok] 02/8/2017 12:00

At last, a bit of communication from the C suite brigade. Keeps us investors in the loop even if the news is not definitive & we need to take the guy at his word.
Bon chance mon ami et a demain

[lordz] 02/8/2017 11:57

Link to the above from einnews

[lordz] 02/8/2017 11:56

From ein news. Clontarf Energy (CLON:LSE) confident about final agreement with Ghana governmentBY AIM NEWS FLASHAug 1, 2017 1:32:17 PM PDT | No Comment(s) - Post a CommentIrish explorers Clontarf Energy and Petrel Resources are confident of finally reaching a lasting agreement with Ghana's government over the replacement of lost acreage in the west African country.handshake2_large.jpg?width=648&s=ie-452038In 2014 the sister companies - both chaired by John Teeling – had reached agreement for land compensation, after a rival US/Nigerian company (Erin Energy, formerly known as CAMAC Energy) was wrongly awarded part of their existing Tano 2A onshore block, but that was never formally approved by Ghana's authorities.The saga has been ongoing for nine years, but Ghana's pro-business party is back in power and Clontarf and Petrel have reopened talks over a solution.David Horgan, a chief director of both firms, said those discussions are constructive with both sides seeking a positive solution. He added there is "no reason" why a solution cannot be found . Following that, Clontarf and Petrel will likely seek development partners for the prospect.Clontarf Energy was recently awarded offshore acreage of roughly 5,052km sq by the government of Equatorial Guinea.The undrilled water acreage, known as block 18, is licensed to Clontarf Energy for an initial period of three years while the second sub-period is for two years. Both periods may be subject to an extension of a year each.According to the company's recent 2016 annual report, Equatorial Guinea has "some of the most neglected and prospective exploration potential in offshore West Africa". The company's accounts to the end of 2016 show it had no revenue and made a loss for the year just shy of £200,000 (€229,500).The terms of the bid round give Clontarf Energy an 80 per cent production interest to begin with, as well as 65 per cent oil cost recovery and a $150,000 (€133,369) signature bonus.The production royalty associated with block 18 is a standard 13 per cent, rising to 16 per cent on production exceeding 100,000 barrels of oil per day. The 80 per cent production interest falls after the first 40 million barrels are produced, and drops until output reaches 200 million barrels."Clontarf has long been interested in Equatorial Guinea's deep-water potential, which is among some of the most prospective in West Africa, " said David Horgan, managing director of Clontarf Energy."Until the 2017 bid round, Equatorial Guinea was largely perceived as the bailiwick of US majors and Chinese national oil corporations. For the first time, the 2017 bid round sought new ideas and fresh approaches from the diverse community of oil independents," he added.

[fenners66] 02/8/2017 10:23

If they had lined up partners already that would speed things up - this gravy train works best at a crawl .

Alternatively they have tried and no-one is interested , but would they report that? I think not.

DEEP WATER experience?

[ajj2003] 02/8/2017 10:12

Would have thought potential development partners would have been sounded out years ago and kept updated. Long road but hopefully moving towards a positive conclusion. Good luck to all. AJ

[currypasty] 02/8/2017 10:02

"David Horgan, a chief director of both firms, said those discussions are constructive with both sides seeking a positive solution. He added there is “no reason” why a solution cannot be found . Following that, Clontarf and Petrel will likely seek development partners for the prospect."

[fenners66] 02/8/2017 09:35

"positive" talks - what they know someone with HIV?

[fenners66] 01/8/2017 22:51

And your point is?

It says it all really 7 July 2016 that's over a year ago and they are still negotiating .........

They never kill a story - until they have another one.

DEEP WATER - this lot would string out the possibilities if they were offered a block in the Marianas Trench

Their experience of deep water?

[lordz] 01/8/2017 18:09

https://archive.crossborderinformation.com/Article/Ghana+Pan+Andean+offered+new+block.aspx?date=20160707#Article length: 263 wordsGhana: Pan Andean offered new blockThe Pan Andean Resources joint venture has been offered a new block in deeper water following a dispute over its Tano Block 2A application. Pan Andean is 60% owned by Clontarf Energy, 30% by Petrel Resources and 10% by Ghana's Abbey Oil & Gas. The Ministry of Energy invited the JV to submit a new application last year, following a dispute over the reallocation of some of the licence area to Camac Energy, now known as Erin Energy.

[lordz] 01/8/2017 18:08

Issue 327, 7 July, 2016Article length: 263 wordsGhana: Pan Andean offered new blockThe Pan Andean Resources joint venture has been offered a new block in deeper water following a dispute over its Tano Block 2A application. Pan Andean is 60% owned by Clontarf Energy, 30% by Petrel Resources and 10% by Ghana's Abbey Oil & Gas. The Ministry of Energy invited the JV to submit a new application last year, following a dispute over the reallocation of some of the licence area to Camac Energy, now known as Erin Energy.AE, African Energy, Upstream, West Africa, Ghana, Pan Andean Resources, Camac Energy

[lippe] 31/7/2017 14:54

The human brain is a complex organ with the wonderful power of enabling man to find reasons for continuing to believe whatever it is that he wants to believe ...

[lippe] 31/7/2017 11:12

The liar's punishment is, not in the least that he is not believed, but that he cannot believe anyone else ...

[flyhi] 31/7/2017 10:08

pippe - get a life


“Progress has been made in Ghana,” it said. “The newly elected government is pursuing reforms to improve governance and expedite exploration. The Ghanaian ministry of energy has shown goodwill and renewed commitment to conclude an agreement.” (july 2017)