Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/clontarf-energy-concludes-agreement-on-peruvian-ex.shtmlClontarf Energy concludes agreement on Peruvian exploration Blocks
Clontarf Energy has concluded an agreement on its Peruvian oil and gas exploration Blocks.
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Clontarf Energy has concluded an agreement on its Peruvian oil and gas exploration Blocks.
Peru Oil and Gas Exploration Limited (POGEL), an energy investment company, will undertake responsibility to put up performance bonds and conduct contractual work on the Exploration and Development Contracts on Peruvian Blocks 183 and 188. POGEL will also assume the agreed Peruvian liabilities of Hydrocarbon Exploration Limited, a wholly-owned subsidiary of Clontarf Energy plc.
POGEL is a strategic investor in Peru and intends to develop thermal power generation, producing electricity from natural gas. Its objective is to drill out already defined gas-prone structures in Block 183, which is close to the growing town of Tarapoto. POGEL is also interested in the gas and oil prone structures in Block 188.
