Rebranded energy firm in Peru deal

London: Irish exploration company Persian Gold is to acquire Hydrocarbon Exploration (HyEx), it announced at its AGM.

HyEx’s shareholders previously approved the scheme of arrangement for the Persian Gold bid. It is expected the scheme will become effective, following High Court sanction, on April 5.

Persian’s shareholders also resolved to change its name to Clontarf Energy. The rebranded company will commence trading on AIM with effect from 8am on April 6.

Clontarf managing director David Horgan said: “In Peru, we expect within weeks to complete the signing ceremony to acquire two good quality onshore exploration blocks. We have successful experience in creating value with Peruvian oil assets.