Clontarf, an oil and gas company with assets in Ghana, has informed that proposed work program on the Tano acreage offshore Ghana has been submitted to the Ghanaian authorities in Accra.
According to Clontarf, the new work program will form part of the ongoing negotiations regarding the terms of acquiring an exploration license for the Tano Basin acreage. The company did not say what its proposed work program entailed.
To remind, Offshore Energy Today in September reported that the Pan Andean consortium, 60 percent operated by Clontarf had made progress in resolving a years-long dispute with the Ghanaian government over its ownership of an offshore block in Ghana – block Tano 2A. Ghana offered the consortium revised Tano Basin acreage coordinates, which the consortium accepted in principle.
In addition, it was reported in September, Ghana invited the consortium to apply for acreage in deeper part of the Tano basin, which Pan Andean accepted. (More here: https://bit.ly/2coOPhS )
Pan Andean is a private Ghanaian company held 60% by Clontarf, 30% by Petrel Resources and 10% by local Ghana interests.
In a statement on Wednesday, Clontarf said: “The Company’s directors look forward to providing shareholders with further updates, including specific geological information relating to the new acreage coordinates (which are also subject to final agreement) and the subsequent exploration plans, as negotiations progress.”
However, similarly to its September update, Clontarf said no could be given that the ongoing negotiations would lead to a successful outcome for the company. Offshore Energy Today Staff