TIDMCLON

RNS Number : 7447I

Clontarf Energy PLC

21 June 2017

21(st) June 2017

Clontarf Energy plc

("Clontarf" or "the Company")

Highlights of Comments Made at the AGM of Clontarf Energy, London, 21(st) June 2017

-- Progress has been made in Ghana, over the past year, as updated by RNS dated 8(th) 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.

All resolutions were passed at the meeting.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

For further information please visit http://clontarfenergy.com or contact:

Clontarf Energy plc

John Teeling, Chairman +353 (0) 1 833 2833

David Horgan, Director

Nominated Adviser and Broker

Northland Capital Partners Limited

   Tom Price / Gerry Beaney (Corporate Finance)                           +44 (0) 20 3861 6625

John Howes (Broking)

Public Relations

Blytheweigh +44 (0) 207 138 3204

Nick Elwes +44 (0) 783 185 1855

Camilla Horsfall +44 (0) 787 184 1793

Teneo PSG

Ciaran Flynn +353 (0) 1 661 4055

Alan Tyrrell +353 (0) 1 661 4055

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBGGDLSBDBGRB

(END) Dow Jones Newswires

June 21, 2017 06:17 ET (10:17 GMT)

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