Clontarf Energy Plc is a UK-based Lithium and oil & gas exploration and production company with operations in South America and Africa. Its formation was followed with the sale of Pan Andean Resources PLC’s Colombia and Peruvian assets to Pacific Rubiales, formerly Petrominerales. Initially, the company was formed with the merger of the remaining assets in Bolivia and Ghana and inherited a MOU with Bolivian military to study Lithium. The company’s securities are traded on the Alternative Investment Market augment of the London Stock Exchange as LON: CLON.
The company operates through its three assets that are in Ghana, Bolivia and Chad. The Ghana operations consist of Tano 2A block covers an area of around 396,830 hectares and has 60% interest with the company 30% with Petrel Resources plc and remaining 10% with Abbey Oil & Gas. Further, the company awaits ratification of the amended petroleum Agreement by Cabinet and Parliament. The Bolivia operations consist of Monteagudo block with 30% interest and Dorado Block with 10% interest with the company and it is operated by Repsol YPF and Pan America respectively. Bolivia holds approx 50% of the world’s lithium resources. The company is intending a 49% JV to explore and develop new salt-lakes. Further, it is discussing exploration and development of high grade, low impurity salt-lakes with State Lithium Company (YLB).
In 2020, the company has signed MOU with the Chadian authorities on sedimentary basin with the interior African basin delivers geological potential and export pipeline with available capacity. The other operators in Chad are CNPC, Exxon, Glencore, and Chevron.
In Peru, the company holds 3% royalty on hydrocarbon production from block 183, which has two oil and gas assets in Maranon Basin that covers around 396,830 hectares and 2.2 trillion cubic feet of gas reserves. The company’s subsidiaries include Bolivian Hydrocarbon Ltd and Petrolex SA.
Dublin 3, 162 Clontarf Road D03 F6Y0 Ireland