IN BRIEF: Clontarf Energy acquires 10% interest in Sasanof prospect
9th May 2022 12:08
Clontarf Energy PLC - Dublin-headquartered oil & gas exploration and production company focused on South America and Africa - Acquires a 10% interest in the Sasanof exploration prospect, offshore Australia, through its 10% interest in Western Gas Pty Ltd which wholly-owns the prospect. Acquisition comprised of a USD4.0 million cash consideration and 100 million shares of GBP0.25 each. The shares were valued at GBP480,000 as of May 6. In the event of a discovery declared at the Sasanof-1 well, this consideration will be increased by 150 million shares. Read More