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.