Clontarf Energy’s board unaware of reasons for share price spike
Company’s share price rose 136% in 13 day period in March
Clontarf Energy chairman John Teeling. Photograph: Dave Meehan
Clontarf Energy’s board is not aware of any material reasons for the recent spike in the company’s share price, it said on Friday of the 136 per cent rise which occurred in March.
Between March 18th and March 31st, the oil and gas explorer’s share price rose from 0.38p to 0.9p, the London-listed company said while also updating the market on its plans.
“Clontarf continues to progress its interests in Ghana and Bolivia, maintaining cordial communications with the relevant authorities in both countries, and continues to operate efficiently on minimal expenditure,” the company said in a stock exchange update.
Among the topics for discussion was its plan to advance work on its key asset in Ghana.