Clontarf Energy plc is an emerging oil & gas Exploration & Production company focused on Africa and South America. The company’s experienced team has a successful track record in exploration. It recently returned $22 million to its shareholders when it sold off Pan Andean Resources;Clontarf’s predecessor in South America. Clontarf Energy is listed on the london AIM market.

Epic - CLON : Shares in Issue - 200m : Market Capitalisation - £8m

Website Click Here


CLONTARF ASSETS:

GHANA

Clontarf have a major interest in the Tano 2A Block in Ghana and is held 60% by Clontarf Energy, 30% Petrel Resources and 10% Ghanaian interests.

The block covers 1,532km2 with extensive raw data available, 676km of 2d seismic is now being reviewed. The block is onshore/offshore close to four recent major discoveries by Tullow and Kosmos.

The block has numerous seeps and shows onshore which are fed from offshore oil kitchens. Clontarf Energy has reprocessed and analysed the available data and have identified eight potential targets.

The block is awaiting ratification and is expected during Q1 2012.


PERU:

Clontarf were awarded two exploration blocks in Peru in the October 2010 bid round. The two exploration Blocks, 183 and 188, are in key producing areas in the Maranon and Ucayali basins. Both the Peruvian Blocks, 183 & 188, received the Presidential ‘Supreme Decree’ on the 26th July 2011. These are expected to be farmed out to a regional oil major during 2012.

Block 183: covers 396,826 hectares in the Marañon Basin, which has produced oil and gas since the 1940s. Two oil fields and one gas field are on adjacent blocks. Good quality, recently re-processed seismic data is available. Clontarf Energy already has identified leads & prospects.

Block 188: covers 595,809 hectares of prospective ground beside a 16 tcf producing field. Extensive regional data is available (13,400km of 2d seismic and 50 wells), good seismic coverage and 3 wells drilled close to the block. There are three main producing reservoirs in the area and an undeveloped oil discovery at neighbouring La Colpa.


BOLIVIA:

Monteagudo: (30% Clontarf, 50% Repsol-YPFB, 20% Petrobras). This is a traditional field producing c. 120 bod. The potential is the deep gas play, estimated to be 3 tcf; identified by 3D seismic and identical to nearby multi-tcf discoveries. The company is being restructured and Clontarf hopes to increase their stake to 50%. There is 3rd party interest in the field.

El Dorado (10% Clontarf 90% YPFB) is a producing gas field near Santa Cruz. These wells are now producing c. 19mmcfd & 500bd condensate. Planned production is c.40mmcfd & 800 barrels condensate – yielding gross revenues of over $200k daily. Subject to final negotiation with YPFB, the field has the potential to yield substantial revenue to Clontarf. There is 440 bcf proven to date.


Audio Interview with David Horgan ( MD )

MD Interview Click Here


CLONTARF MANAGEMENT TEAM:


John Teeling – Executive Chairman – Has 40 years’ resource experience.
In South America since 1988. Established over 10 AIM resource companies.

David Horgan – Managing Director – Has extensive experience in the oil & gas
sector in South America.

Mauricio Gonzalez – President South America - Former Bolivian Minister of
Energy, President of National Oil and Gas Company (YPFB).

Jim Finn – Finance Director - 20 years’ experience in exploration companies.

Manouchehr Takin – Director - 40 years’ experience with Iranian Oil Consortium,
Anglo American, Amoco, NIOC and OPEC. Senior executive with CGES.

minerales i have had my eye on this one since the new year started,with expectation
that they could get ghana ratified during Q1. John teeling and david horgan teaming
up again here bodes well IMO.

,

david horgan , didn't deliver much with PET

aldwick

I dont know where you research but you obviously dont know that last time
john teeling and david horgan were active in peru they bought assets for $3m
and sold them for $31m. Although peru will be anoother tasty play the real
prize is ghana and that is where this will go from pennies to pounds ( IMO )

minerales that is true,they increased the value of those previous assets in peru
by over ten times under pan andean

I was talking about PET , I know that Teeling done well for investors with African Diamond's.

aldwickk

Fair enough but they too have been conserving cash and quietly working away
on a number of projects,word is clontarf are about to get ghana ratified at last
and i can see this popping through 10p when that is announced,i also think they
have a farm out partner lined up ( ANADARKO ) .

minerales i have heard someone else mention anadarko too the other day

anders

Ghana is really hotting up now with some large finds all around clontarf,s block
by Tullow / Kosmos / Anadarko and that whole area looks "abit tasty" .

Just found an article on clontarf out today

http://www.stockopedia.co.uk/content/clontarf-energy-plc-aiming-high-63686/

That's interesting - the opening paragraph in the link tallies verbatim with the paragraph in the header of this thread.

skinny

I took it from the website,this is one of those companies under the radar that has
genuine potential to move into mid tier if ghana and peru go to plan.

rampety, rampety..............

halifax

Err no, check the assets yourself,peru blocks won presidential decree last year
and ghana is due anytime. GL

John teeling has a knack of coming up trumps in these small companies so very
happy to see this develop.JT and DH done some business in peru before and turned
$3m into $30m on a previous block and returned $22m to shareholders.

Hi chaps i really fancy the look of this

bob

Clontarf could be about to get going in ghana ( tano 2a block ) which has super
potential being surrounded by multi billion barrel finds already.Peru blocks have
been secured and received decree so could be farmed anytime and also in
bolivia there are two drills scheduled in Q1.

cheers minerales

bob

Am still checking this but saw on another forum a post stating that ghana energy
ministry held some special meetings last friday.Will keep you posted if i hear or see
anymore on this. I do know from my contact with the company that they were very
advanced stage on ghana last november so good chance this is about to kick off.

bob heston you may want to take a look at this article from yesterday

http://www.stockopedia.co.uk/content/clontarf-energy-plc-aiming-high-63686/