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

Two Irish exploration firms — Clontarf Energy and Petrel Resources — have reached agreement with the authorities in Ghana over a long-running dispute concerning lost licence acreage in the west African country.

Irish exploration firm Clontarf Energy has reported a 145% jump in pre-tax losses to nearly £3.2m (€3.9m) for 2013, leading management to say the company is in "an uncertain place".

Clontarf Energy could earn up to €220,000 out of a 3% stake in a Peruvian exploration block following an agreement between Rurelec and Peru Oil and Gas.

Irish mineral exploration company, Ormonde Mining has raised £1.4m (€1.7m) in fresh funding via a new share placing.

Dublin-headquartered oil and gas exploration company Clontarf Energy is in “advanced discussions” with six companies interested in buying into its Peru operations.

Mining and exploration entrepreneur John Teeling is aiming to revitalise interest in his oil and gas exploration vehicle, Petrel Resources, after seeing the company significantly enhance its cash position last year.

The Irish-based oil and gas exploration company Clontarf Energy slashed its losses last year, but is set to further re-evaluate its asset portfolio.

CLONTARF Energy — the John Teeling-chaired exploration company with assets in Ghana, Peru and Bolivia — has re-evaluated its asset portfolio and is set to dispose of its operations in the US (Gulf of Mexico) and Iran in due course.

IRISH oil and gas exploration firm Clontarf Energy had its shares admitted to the AIM market in London, following final approval of the sale of some of its assets to Canadian company Petrominerales.

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

PERSIAN GOLD — one of the Dublin-based exploration companies chaired by businessman John Teeling, has reported an 11% year-on-year drop in first- half losses as it prepares to overhaul its operational framework.

PERSIAN Gold – the John Teeling-chaired/AIM-listed gold and precious metals exploration company – has reported a marginal widening in full-year pre-tax losses to £316,000 (€384,000) for 2009.

TWO of the Irish mining and exploration companies chaired by businessman John Teeling are to merge under the new name, Clontarf Energy.