TIDMCLON

RNS Number : 8333R

Clontarf Energy PLC

26 September 2017

26(th) September 2017

Clontarf Energy plc

("Clontarf" or "the Company")

Union Oil Relinquish Block 183 in Peru

The board of Clontarf Energy (AIM: CLON) have been informed that Union Oil (the 80% owner of the concession) have returned to the Peruvian Authorities the licence held on Block 183. They gave as their reason an inability over a 3 year period to obtain the permits, particularly environmental permits, necessary to explore.

Clontarf held a 3% royalty on revenue arising from future operations on the Block. Clontarf will not incur any liabilities as a result of Union Oil's decision but will write off the carrying value of the asset in the financial statements for the year ending 31 December 2017. Block 183 has not been the principal focus of the Company's activities in recent years.

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 
                                 +353 (0) 1 833 
 John Teeling, Chairman           2833 
 David Horgan, Director 
 
 Nominated Adviser and Broker 
 Northland Capital Partners 
  Limited 
 Tom Price / Gerry Beaney        +44 (0) 20 3861 
  (Corporate Finance)             6625 
 John Howes / Bonnie Hughes 
  (Broking) 
 
 Public Relations 
                                 +44 (0) 207 138 
 Blytheweigh                      3204 
                                 +44 (0) 783 185 
 Nick Elwes                       1855 
                                 +44 (0) 787 184 
 Camilla Horsfall                 1793 
 
 Teneo PSG 
                                 +353 (0) 1 661 
 Luke Hogg                        4055 
                                 +353 (0) 1 661 
 Alan Tyrrell                     4055

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 26, 2017 05:16 ET (09:16 GMT)

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