Clontarf Energy Share Discussion Threads

[lippe] 22/9/2017 16:32

and still the liars, cheats and deceivers ramp on ...

shameless behaviour, highlighted by the truth tellers ..

[fenners66] 22/9/2017 16:05

Share price near the end of 2006 > 40p with 55,802,800 shares issued.

Today's share price c 0.41p with 581,844,829 shares issued


Is this one of your better investments?


So arguably a stake from 2006 has shares worth 1% of what they were in cash terms but diminished in stake control size by 90.4%.....

Unless I have missed a distribution somewhere?

[fenners66] 22/9/2017 15:53

From the Interim's

"Clontarf has long been interested in Equatorial Guinea's deep-water potential"

but coincidentally never mentioned it until recently because ...?

Just to qualify that 20 September 2016 just about a year ago.......


"Following the announcement of a £400,000 (before expenses) equity fundraising on 20th
September 2016, we have adequate funding for current activities."

An interim report that referred to Ghana and Peru but no mention whatsoever of Equatorial Guinea.

Just a year ago .....

[lippe] 22/9/2017 12:20

A little Friday afternoon easy lolzing ...

[lippe] 22/9/2017 09:38

lolzing at Clontarf shareholders is largely perceived as the bailiwick of daithi half hat ..

[lordz] 22/9/2017 09:34

https://www.google.co.uk/search?q=COPL+oil+drilling+in+equatrorial+gueinea+EG18&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari#imgrc=MWxgSJz3YGisuM:

[lordz] 22/9/2017 09:29

What's strange is that COPL also has interest in EG 18.http://www.canoverseas.com/wp-content/uploads/2017/04/COPL-Presentation-April-2017-1.pdf

[lordz] 22/9/2017 09:23

Fenners66 Clontarf has mentioned their interest in deep water equatorial in their website.

[ruthie] 22/9/2017 09:03

Fenner/Glen - is it true that you changed your phone number after you got a call from a 162 person? Why don't you give the new one to them - saves time and money tracing it.

[o1dsmokie] 22/9/2017 08:23

It`s got that Teeling feeling-AGAIN!

[fenners66] 22/9/2017 08:05

From the Interim's

"Clontarf has long been interested in Equatorial Guinea's deep-water potential"

but coincidentally never mentioned it until recently because ...?

..... It now seems like they will need another great hope as the last one is running into the ground ...... again!

[fenners66] 21/9/2017 17:06

Have you modelled yourself on Walter Mitty ?

[lordz] 21/9/2017 16:51

If Petrel/Pan Andean say that the oil traps onshore Ghana west Africa are somehow connected to the offshore Tano basin . To me that only means one thing .... suck em dry boys. Loads of oil = loads of money.

[lordz] 21/9/2017 14:33

COPL on the move off West Africa.

[fenners66] 20/9/2017 08:54

Oh that will be another € 417 k loss and huge cash burn then.....


But there is one snippet - interestingly just as I said the other day - they and Clontarf do NOT hold a block offshore Ghana

Quote "Ghanaian National Petroleum Commission are actively considering the current re-application by Pan Andean Resources Ltd (30% Petrel, 60% Clontarf, 10% local interests) over a licence block in the prospective Tano Basin, West Africa."

CONSIDERING A RE-APPLICATION

The years of statements that appears to contradict.......


Actively considering - isn't America actively moving across the Pacific to join with Asia? If you wait long enough you will see it.....

[fenners66] 20/9/2017 08:46

What profits are there made?
What dividends?

[fenners66] 20/9/2017 08:46

Half year results at PET

Oh the excitement !

[fenners66] 20/9/2017 08:45

News OUT !

Exciting Stuff - bet you couldn't wait !

Were you up early - like waiting for Santa !

Results !

[lordz] 19/9/2017 16:06

Fenner66 you will regret all the words you have said you will cry when they will receive ratification and full steam ahead John Teeling I have full faith in. You and your co..... I don't.

[fenners66] 19/9/2017 15:52

You dont start a quote with "holds a block" and end the same with they haven't actually got it!
Its more fiction - if they EVER get the block ratified - it will NOT be the block they thought they had bought.

No matter what - they have no experience of deep water drilling

[lordz] 19/9/2017 15:49

GhanaIraqGHANANEW OIL PROVINCEGhana is a world hot spot for oil development.  Clontarf holds a 60% interest in a licence agreement over a very prospective onshore/offshore block.  The 1,532 km2 Tano 2A Block is held by a private Ghanaian company, owned 60% by Clontarf Energy, 30% by Petrel, and 10% by local Ghanaian interests.  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 suit in March 2014 seeking for the reliefs thereon;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;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 parliamentary ratification.GREAT LOCATION?Click on map to enlargeTano onshore oil seepages have been recorded for a century.  An initial concern was that these seepages might relate to a different source rock to that of the nearby discoveries.  Petrel's technical team has long believed that both the oil seepages as well as most of the discovered oil originated in the same source rock, deep out to sea.Industry exploration data released during 2012 support the Company's view that the extensive oil shows and seeps on the Tano shoreline are sourced from the prolific Cenomanian-Turonian sequences of the deeper Tano Basin, which also charged the huge producing Jubilee Field. The possible migration of this oil across the Tano shelf presents opportunities for traps within both the deeper offshore and the shallow marine-onshore sections.FISCAL TERMS IN GHANA ARE COMPETITIVEThe overall state take is very reasonable at around 50% in comparison to many African oil producing countries. Royalty on oil and gas are 12.5% and 10%, with an initial carried interest of 10% for the GNPC (State Oil  Company). A further 15% can added through paying and income tax is approximately 35%.The initial work programme is for three years from ratification, with a minimum work programme of $25 million. Further extensions can be obtained on the initial three year programme.?GHANA: 1ST PHASE SEISMIC WORK COMPLETEDWhile awaiting confirmation of ratification Petrel has pushed ahead with its programme by investing approximately $1 m in:Purchase of available well reports & seismic dataAnalysis of extensive geological data: summary report.Interpretation of all available seismic data on the licence: geophysical reportAnalysis of structural & stratigraphic trap leads identified on the seismic: report completedThe work has highlighted a number of high potential target areas.Ghana - Tano Basin AGM Presentation (PPT - 9MB)?Tano Basin Plays: Deep offshore kitchen and migration up-dipClick map to enlargeGoing forward we await ratification of the amended Petroleum Agreement by Cabinet and Parliament, in accordance with law. Once this process is complete the company will go to seismic re-processing, collection and analysis of oil seeps and planning seismic survey. A seismic acquisition programme and processing  will commence followed by interpretation and identifying drill targets. Once the drill targets are identified we can then move to drilling.

[fenners66] 19/9/2017 15:47

" Clontarf holds a 60% interest " - no Clontarf is in dispute with the Ghana govt as to whether they can ratify their claim to a block , any block they are dumped with offshore Ghana.

[lordz] 19/9/2017 15:14

GHANANEW OIL PROVINCEGhana is a world hot spot for oil development. Clontarf holds a 60% interest in a licence agreement over a very prospective onshore/offshore block. The 1,532 km2 Tano 2A Block is held by a private Ghanaian company, owned 60% by Clontarf Energy, 30% by Petrel, and 10% by local Ghanaian interests. 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 suit in March 2014 seeking for the reliefs thereon;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;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 parliamentary ratification.GREAT LOCATIONClick on map to enlargeTano onshore oil seepages have been recorded for a century. An initial concern was that these seepages might relate to a different source rock to that of the nearby discoveries. Petrel's technical team has long believed that both the oil seepages as well as most of the discovered oil originated in the same source rock, deep out to sea.Industry exploration data released during 2012 support the Company's view that the extensive oil shows and seeps on the Tano shoreline are sourced from the prolific Cenomanian-Turonian sequences of the deeper Tano Basin, which also charged the huge producing Jubilee Field. The possible migration of this oil across the Tano shelf presents opportunities for traps within both the deeper offshore and the shallow marine-onshore sections.FISCAL TERMS IN GHANA ARE COMPETITIVEThe overall state take is very reasonable at around 50% in comparison to many African oil producing countries. Royalty on oil and gas are 12.5% and 10%, with an initial carried interest of 10% for the GNPC (State Oil Company). A further 15% can added through paying and income tax is approximately 35%.The initial work programme is for three years from ratification, with a minimum work programme of $25 million. Further extensions can be obtained on the initial three year programme.