John Teeling firm open to further expansion

Clontarf Energy — the John Teeling-chaired exploration firm — is continuing talks regarding the potential enlargement of its geographic spread and asset base.

The Dublin-headquartered firm, which has its shares listed on London’s AIM index, has interests in Peru, Bolivia and Ghana.

Earlier this year, management said it was looking at ways to rejuvenate the firm’s asset base and refresh shareholder value.