AIM-listed mining company Clontarf Energy has concluded an agreement on its Peruvian oil and gas exploration blocks, an update issued from the company on Wednesday has shown.
The company reported that Peru Oil and Gas Exploration(POGEL), an energy investment company, would undertake responsibility to put up performance bonds and conduct contractual work on the exploration and development contracts on Peruvian Blocks 183 and 188.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
