Clontarf Energy in talks with new equity partners

Irish exploration firm, Clontarf Energy, is in early talks with prospective equity partners.

The John Teeling-chaired, AIM-listed company is looking at options to rejuvenate its asset base, and to refresh shareholder value.

While management is open to undertaking new projects itself, the most likely outcome is for a private company to take a minority stake — of less than 29% — in Clontarf and bring fresh assets with it and, potentially, new board members.