New Risk • Mar 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£1.80m market cap, or US$2.39m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Oct 31
Botswana Diamonds plc Announces Demise of David Horgan, Cofounder and Director of Botswana Diamonds Plc, Cofounder and Chairman of Petrel Resources Plc, Cofounder and Chairman of Clontarf Energy Plc, and Founder Chairman of Greenore Gold plc It is with the deepest sadness that Botswana Diamonds plc announced the passing of David Horgan. David was a cofounder and director of Botswana Diamonds Plc, cofounder and chairman of Petrel Resources Plc, cofounder and chairman of Clontarf Energy Plc, and founder chairman of Greenore Gold Plc. David, aged 66 at the time of his death, was born in Belfast, had his Primary Education in Dublin, his High School in British Colombia, received a first-class honours law graduate from Cambridge in England and obtained a Master's in Business Administration from Harvard Business School. His early professional career was overseas with the Boston Consulting Group. He returned to Ireland in 1991 to pursue his interest in Natural Resources. After a short period with Goffs, he joined Kenmare Resources where he became Commercial Director until 1992 when he joined John Teeling and Jim Finn with their stable of resource companies based in Clontarf, in Dublin. Announcement • Jun 07
Clontarf Energy plc, Annual General Meeting, Jul 14, 2025 Clontarf Energy plc, Annual General Meeting, Jul 14, 2025. Location: hilton london paddington, 146 praed street, w2 1ee, london United Kingdom New Risk • Apr 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£3.03m market cap, or US$3.94m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (29% increase in shares outstanding). New Risk • Oct 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 60% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£3.57m market cap, or US$4.65m). Announcement • Jul 10
Clontarf Energy plc Issues Bolivia Update At Their Annual Meeting NEXT-ChemX Corporation provided a summary of the Clontarf Energy plc (Clontarf) corporate update released on July 9, 2024. Clontarf is its joint venture partner managing negotiations with the Bolivian State Lithium Company on behalf of its joint venture in the Bolivian convocatoria or ‘call for expressions of interest’ in developing Bolivian lithium brines. Clontarf presented a corporate update at their annual meeting held July 9, 2024, in London, UK stating: Clontarf is now in Phase 4 of a 5 Phase process, which now focuses on maturity of the offered technologies. Stream 1 covers companies claiming to be already operating Direct Lithium Extraction plants. Stream 2 includes operators with an existing technology and plants being commissioned. Clontarf was initially placed in Stream 3, but now expects to be treated as Stream 2, since the joint venture’s plant now awaits bulk samples for production testing. NEXT-ChemX, is currently assembling, and commissioning its iTDE pilot plant that it expects will demonstrate its direct extraction of lithium. The plant is being readied to conduct preliminary testing of synthetic brines based on chemical compositions recorded from the priority Bolivian salares. Announcement • Jun 13
Clontarf Energy plc, Annual General Meeting, Jul 09, 2024 Clontarf Energy plc, Annual General Meeting, Jul 09, 2024. Location: hilton london paddington, 146 praed street, w2 1ee, london United Kingdom New Risk • May 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.52m market cap, or US$3.20m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • May 16
Clontarf Energy plc Provides Bolivian Brines Qualification for 3d Phase of the 2024 Convocatoria Clontarf Energy plc reported the following update: Further to the company's 6 and 18 March 2024 announcements, the Bolivian State Lithium Company (YLB) received Clontarf's technical materials in relation to Phase 2 of the Call for Bids (convocatoria) for the seven priority salares (salt pans) in Southern Bolivia. YLB confirmed on 14 May that Clontarf is one of 21 companies approved to enter Phase 3 of the (5 phase) process. Phase 2 dealt in detail with the technical aspects of Lithium extraction technologies, especially emerging Direct Lithium Extraction techniques. Phase 3 of the convocatoria process will include confirmation of the Clontarf/NEXT-ChemX JV partnership's financial capacity, which include a review of the last 5-years' accounts, and a risk-rating. New Risk • Apr 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.03m market cap, or US$2.53m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (45% increase in shares outstanding). Announcement • Jun 09
Clontarf Energy plc, Annual General Meeting, Jul 13, 2023 Clontarf Energy plc, Annual General Meeting, Jul 13, 2023, at 10:00 Coordinated Universal Time. Location: Canal Court Hotel, Merchants Quay Newry, BT35 8HF, United Kingdom Newry United Kingdom Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Peter O'Toole was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 02
Clontarf Energy plc Announces Resignation of John Teeling as Director Clontarf Energy plc announced that the board of the company have been informed by John Teeling of his intention to stand down as a director as of July 1st and this has been accepted. Announcement • Jun 22
Clontarf Energy plc, Annual General Meeting, Aug 04, 2022 Clontarf Energy plc, Annual General Meeting, Aug 04, 2022, at 11:00 Coordinated Universal Time. Location: Hilton London Paddington, 146 Praed Street W2 1EE London United Kingdom Announcement • Jun 14
Clontarf Energy plc Announces Completion of the Sasanof-1 Exploration Well, Located 207 Km Northwest of Onslow, Western Australia Clontarf Energy plc announced completion of the Sasanof-1 exploration well, located 207 km northwest of Onslow, Western Australia: The Operator, Western Gas ("WGC") has provided the following update and review: The Sasanof-1 exploration well was drilled by the Valaris MS-1 semi-submersible without incident. The rig has de-mobilised from the well location, and departed exploration permit WA-519-P on 12 June 2022. The well has been plugged and permanently abandoned, with wellhead infrastructure removed. The well was drilled to a total depth of 2,390 metres on 5 June 2022 and intersected the Lower Barrow Group target sands at a depth of 2,252.9 metres true vertical depth sub-sea(TVDSS), just 3.9 metres below the pre-drill prediction. A preliminary evaluation indicates 40 metres of net sand was encountered. However, logs confirmed that the sands contained water, and no commercial hydrocarbons were detected. Initial technical analysis indicates that the expected western seal of the targeted stratigraphic trap was breached allowing migration of gas out of the Prospect. As planned, the well cost under USD 25 million with a duration of 25 days. The WA-519-P Block remains highly prospective, with material leads identified in the proven Lower Barrow Group and Triassic Mungaroo plays, as well as play opening leads in the Jurassic "Perseus" Syn-rift. Clontarf and its joint venture partners intend to review and assess these leads with a view to progressing them to prospects, utilising data from the Sasonof-1 well, to support future exploration and targeted farm-out discussions. Announcement • Jun 07
Clontarf Energy plc Announces Sasanof-1 Well Final Result Clontarf Energy plc announced results of the Sasanof-1 exploration well, located 207 km northwest of Onslow, Western Australia: The Sasanof-1 exploration well has been drilled to a total depth of 2,390 metres (RMDT) by the Valaris MS-1 rig, without incident. No commercial hydrocarbons were intersected. As planned, the well will now be plugged and permanently abandoned. De-mobilisation activities will then commence. Announcement • May 31
Clontarf Energy plc Provides the Operational Update on the Drilling of the Sasanof-1 Exploration Well Clontarf Energy plc provided the following operational update on the drilling of the Sasanof-1 exploration well: Over last weekend the 17-1/2" hole section was drilled to planned depth at 2072.7 metrestrue vertical depth below rotary table (TVDBRT). The geology of the intermediate section was assessed via the Logging While Drilling tools andall Formation tops were in accordance with pre-drill predictions. This illustrates the excellent quality seismic data anddemonstrates consistency with the near-by Mentorc-1 and Mentorc-2 discoveries. 13-3/8" casing was run and cemented in accordance with the Well Operations Management Plan. The next stage of operations has commenced with the rig Blow Out Preventer (BOP) and marine riser being prepared for deployment. This will be followed by drilling operations in the 12-1/4" target hole section through the target reservoir intervals. The Sasanof Prospect covers an area of up to 400 km2 and is on trend and up-dip of Western Gas' liquids rich, low CO2 Mentorc Field. ERCE estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Trillion Cubic Feet (Tcf) gas and 176 Million barrels (bbls) condensate (P50), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P10). Sasanof is a large, seismic amplitude supported, structural-stratigraphic trap in the high-quality reservoir sands at the top of the Cretaceous top Lower Barrow Group formation on the Barrow Delta within the Exmouth Plateau. Sasanof-1 is partner Western Gas' first well drilled from its extensive exploration portfolio surrounding the existing Equus Gas Project that contains a discovered resource of 2 Tcf and 42 MMbbl (2C Gaffney Cline). The Equus Gas Project has a historic exploration drilling success rate of 88%, with15 discoveriesfrom17 wells. Announcement • May 27
Clontarf Energy plc Provides Operational Update on the Drilling of the Sasanof-1 Exploration Well Clontarf Energy plc provided the following operational update on the drilling of the Sasanof-1 exploration well: Drilling of Sasanof-1 well has now started. The well was spudded with the jetting of the 36" conductor at a water depth 1,068.3 metres (below mean sea level "BMSL"). Drilling is now underway on the 17-1/2" intermediate hole section to a depth of 2,030m (BMSL), 13-3/8" casing will then be run and cemented. This will be followed by the drilling the 12-1/4" hole section through the target reservoir section to a total depth of 2,500 metres (BMSL). The current schedule expects drilling through the target reservoir occurring, at earliest, between Thursday 2nd and Sunday 5th June. Announcement • May 23
Clontarf Energy plc Provides Sasanof-1 Well Mobilisation Update Clontarf Energy plc provided the following operational update on the drilling of the Sasanof-1 exploration well, and will issue further updates upon the completion of campaign milestones: The Valaris MS-1 rig has arrived at the Sasanof-1 exploration well location on the Australian North West Shelf. The MS-1 semi-submersible drilling rig completed the 190 Nautical Miles mobilisation safely and efficiently under tow from the support vessel, GO Spica. While under tow, the support vessel, Far Senator, continued logistical support operations, mobilising drilling mud, bulk equipment and supplies from the Port of Dampier. Primary anchors are now being run and will be followed by deployment of secondary and tertiary anchors; a total of 12 anchors will be set. Once anchoring is complete, spudding of the prospective Sasanof-1 well, targeting multi Tcf (Trillion Cubic Feet) of gas, will start with jetting of the 36" conductor. This will be followed by drilling the 17-1/2" intermediate hole section. Announcement • May 19
Clontarf Energy plc Provides Update on Sasanof-1 Well Clontarf Energy plc provided the following operational update on the drilling of the Sasanof-1 exploration well and will issue further updates upon the completion of campaign milestones: Valaris MS-1 rig has started mobilisation activities for departure to the Sasanof Prospect 200km away on the North West Shelf; Secondary anchors securing the rig at Dampier outer harbour, Western Australia, have been pulled, and the rig is secured to the GO Spica support vessel bridle for the tow to the Sasanof-1 exploration well location; Primary anchors will then be recovered by the Far Senator, and the tow commenced. Transit time is expected to be approximately four days, weather dependent; All required equipment has been loaded onto the rig for commencement of drilling; Preliminary preparations for drilling operations are being conducted: Mud mat, low pressure wellhead housing and conductors prepared for deployment; o13-3/8" casing stands made up and racked in preparation for deployment on completion of 17-1/2" hole section; Third party services equipment being installed and tested; Drilling operations (conductor jetting) are expected to start during week starting 23rd May. Announcement • May 14
Clontarf Energy plc, Annual General Meeting, Jun 02, 2022 Clontarf Energy plc, Annual General Meeting, Jun 02, 2022, at 10:00 Coordinated Universal Time. Location: Canal Court Hotel, Merchants Quay Newry United Kingdom Agenda: To approval to grant the directors of the Company new authorities to enable them to allot and issue new ordinary shares. Announcement • May 13
Clontarf Energy plc Announces Update on Sasanof-1 Well Clontarf Energy plc can update shareholders on drilling of the Sasanof-1 exploration well and will issue further updates upon the completion of campaign milestones: Valaris MS-1 rig is anchored in the Dampier outer harbour (North Western Australia) and is scheduled to commence tow to the Sasanof-1 location on 16 May 2022. The Operator's (Western Gas) drilling operations team have been deployed to the field and are now on board the MS-1 rig undertaking pre-mobilisation checks. Drilling support vessels started logistical operations as scheduled on 9 May 2022, with the transport and loading of drilling equipment and bulk materials to the MS-1 rig. More than 800m of 18-3/4" marine riser for deploying the Blow Out Preventer (BOP) is being transported to the rig in preparation of deployment at the Sasanof-1 location (water depth of 1,070m). Drilling operations are expected to start on 24 May 2022. Announcement • May 12
Clontarf Energy Plc Acquires 10% Intertest in the Sasanof-1 Exploration Well Global Oil & Gas Limited announced that Western Gas ("WGC") has advised that London Stock Exchange listed company Clontarf Energy Plc has acquired a 10% intertest in the Sasanof-1 exploration well. The investment by Clontarf reflects international focus this year on the Sasanof Prospect. Clontarf will fund 20% of the Sasanof-1 well through the acquisition of 10% of Western Gas (519P) Pty Ltd. (the holding company for Sasanof). Western Gas retains a strategic 52.5% interest in Western Gas (519 P) Pty Ltd. following the farm down to Clontarf. IHS Markit noted the Sasanof Prospect as one of only two high impact wells in the Asia Pacific region of the 20 global high impact wells planned to be drilled in 2022. The MS-1 is expected to take approximately four days to reach the Sasanof Prospect, which is approximately 200 km northwest of Onslow, Western Australia, following which the rig and support vessels will prepare for drilling the Sasanof-1 exploration well. The well will be drilled vertically to a total depth of 2500 m in 1070 m of water. Commencement of the drilling operations (jetting 36" conductor) is expected to commence on 24 May 2022, once the rig is on location and anchors have been set. The Sasanof Prospect covers an area of up to 400 km2 and is on trend and updip of Western Gas' liquids rich, low C02 Mentorc Field. ERCE estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Tcf gas and 176 Million bbls condensate (P501), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P10 1). Sasanof is a large, seismic amplitude supported, structural-stratigraphic trap in the high-quality reservoir sands at the top of the Cretaceous top Lower Barrow Group formation on the Barrow Delta within the Exmouth Plateau. Sasanof-1 will be Western Gas' first well drilled from its extensive exploration portfolio surrounding the existing Equus Gas Project that contains a discovered resource of 2 Tcf and 42 MMbbl (2C Gaffney Cline2). The Equus Gas Project has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells. Announcement • May 10
Clontarf Energy plc (AIM:CLON) acquired 10% of Sasanof Prospect in Offshore Western Australia form Western Gas Corporation Pty Ltd for $13.18 million. Clontarf Energy plc (AIM:CLON) acquired 10% of Sasanof Prospect in Offshore Western Australia form Western Gas Corporation Pty Ltd for $13.18 million on May 9, 2022. Under the terms, $4 million will be paid in cash and 100 million shares worth $0.48 million will be issued as consideration. Also, in the event of a discovery being declared at the Sasanof-1 Well, the consideration will be further increased by 150,000,000 Shares worth $8.7 million. the transaction will be funded through cash in hand.
Clontarf Energy plc (AIM:CLON) acquired 10% of Sasanof Prospect in Offshore Western Australia form Western Gas Corporation Pty Ltd on May 9, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Peter O'Toole was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 