Cluff Natural Resources Share Discussion Threads

[clickon] 10/7/2017 14:12

Hi Anley I wasn't aware that this was a tight play, it certainly differs from the BP drill. I also hope that were not relying on BP and that we have a plan B. Plus I cant find anything on BP's associate companies sites or BB's about this.

[anley] 10/7/2017 11:44

Wordog........I am in no way trying to say that the magizine you quoted from is not of quality. What we don't wont on the BB is false news or ramping news.....that's all.

However, there are issues which CLNR need to address:
1 Cash will run out by October so they need to raise £1m+ again at a discount (2p) tal=king today's price as a guide.

2 Until there is a JV?Farm deal will the directors take a pay cut as 1/3 of all cash raised goes to paying saleries and running costs. For such a small business this for me is unacceptable.

3 I would like to know from Mr Cluff what Halliburton are doing and what recent advice has come from this source. We know about the type of rock formations and we now seem to know a little about BP and its drilling so it shouldn't be to difficult for the ex-Centrica executive to tell us in an update just what is happening and what is what.

Finally the price is not yet at my new buying level but if it ever went down to 1p then I would be a very big buyer. So far the M/Cap is almost equivelent to all the capital which has been raised since CLNR went onto AIM!!!!

[eburne1960] 10/7/2017 11:07

Gosh how exciting.
Do try and tell us when you get back in rather than after it's risen won't you unreal?

[therealdeal5] 10/7/2017 08:23

See UKOg are diving again today, looking to get back in but not yet! Chart doesn't look good, and I know nothing about charts! Off yo Car Auctions today to buy my son a new car, as he starts at Audi as an Analyst in a graduate placement for 1 year!

[wordog] 09/7/2017 22:29

Not sure if that's a euphemism, but Cluff has always been about fracking and UCG from day one

[therealdeal5] 09/7/2017 22:10

HT heads or Tails, we know what the odds are, it's all about the partner for now nothing else, if BP doesn't come up trumps, this is going back towards 1p

[therealdeal5] 09/7/2017 22:08

Thanks wordog interesting, so a tight play sounds like hard work!

[wordog] 09/7/2017 18:14

I don't understand the question Anley, but yes it's a pukka article.

We have nothing more to say. BO are exploring the same aged formation, ours is further south and shallower, therefore cheaper. If they find gas then we are in for a good shout. That said, I think we are anyway - but that said I wouldn't be holding otherwise.

[thehotticket] 09/7/2017 17:40

In basic terms

Not easy for Cluff to find a partner.

If he does we win

If not we lose

Tick tock we wait and hope.
£600m is peanuts to BP so I doubt they will be interested .

[anley] 09/7/2017 17:03

WORDOG.........

By that do you mean that the market is spot on with say 2.5p and the directors now under pressure to release information to the shareholders.

For me BP holds the truth to enable all that area to be productive and where is Halliburton in all this - very silent and do we need to hear from them?

On the other hand is the article you are quoting from truthful and not false information?

[wordog] 09/7/2017 11:33

Our prospect is significantly shallower.

[bronislav] 09/7/2017 10:30

Thanks for research wordog

[clickon] 08/7/2017 17:58

Thank you Wordog !

[anley] 08/7/2017 16:36

Very interesting news which I am sure everyone thanks you...............

Push on CLNR......................

[wordog] 08/7/2017 11:37

That was published on 28 June 2017 on a subscribe only site.

So BP have drilled several hundred meters down and then a side track to allow them to hydraulically fracture the tight gas below the current discovery, hence why it has taken so long.

[wordog] 08/7/2017 11:32

Where developed in any thickness, the Zechstein carbonates are generally tight and only a couple of fields, such as Wissey, sustained any meaningful production, but were short-lived.

Tight gas fields generally require some form of stimulation from acid wash, through acid frac in vertical wells to extended reach horizontal wells with multistage massive sand propped fracs, such as at Clipper South.

Clipper South and Ensign, operated by Ineos and Centrica, respectively, were both brought on-stream in 2012 with initial reserves of 210 Bcf and 31 Bcf, respectively.

Clipper South has performed particularly well, whereas the Ensign field has underperformed significantly, reports WGEG.

Looking forward, the future development potential of tight gas discoveries appears to be limited, Moseley believes.

Cluff Natural Resources, a small publicly listed UK company, is attempting to progress two tight Zechstein discoveries, though it is having to seek third party funding in order to drill a proof of concept well.

Reduced exploration activity in the region means the addition of new tight gas discoveries is currently limited.

However, BP, with partners Perenco and Premier, is currently drilling a heavily deviated well targeting the Namurian to the south of the Ravenspurn field, which if successful has the potential to open up a new tight gas play in the region.

A sidetrack to the initial well, which spudded in December 2016, is currently drilling.

[bronislav] 07/7/2017 19:09

It seemed that they wanted the price at these levels and the newspaper article got in the way .Be interesting to see where the bottom is..Instinct tells me we are close to a deal announcment but instinct doesnt put the share price up.Bp got to be the favourites.

[therealdeal5] 07/7/2017 18:54

It's already a great price to snap this up with all that Gas!

[anley] 07/7/2017 18:24

If the share price were to fall further then someone somewhere may think its a good idea to snap this business up.

3TCF of gas for say 5p per share = £15m + costs...............and who owns a controlling stake ----- no one except brokers clients and Henderson with 10%. Mr Cluff and the Head Office costs would be a saving of £1m per annum and don't forget everyone that CLNR runs out of cash in November - look at what Alleby have to say in their last note.

Its your weekend puzzle as I am still a buyer at some point.

[therealdeal5] 07/7/2017 08:21

Keeping it real alright!

[therealdeal5] 07/7/2017 08:05

Looks like I did the correct trades with UKOg 😂 Down again today will buy more under 3 p

[eburne1960] 06/7/2017 22:13

So unreal has £20k in this, and had, what, £6k in UKOG. And he boasts about it on a free BB. Pretty impressive stuff from a multi-millionaire I must say.......

[wordog] 06/7/2017 19:50

BP Website

Notes to editors

The North Sea is an important region for BP where it expects to sustain a significant business for the long term.

BP North Sea expects to grow production for UK assets to around 200,000 barrels per day by 2020, with an exciting set of future investment and renewal options capable of sustaining a material business into the 2030s.

Along with its co-venturers, BP has invested at record levels in the UK North Sea. In 2016, BP is expected to spend around $2bn in capital investment and $1.6bn running its operations.

BP is expecting important new oil production from its major projects Quad204 and Clair Ridge in early 2017 and 2018 respectively.

Over the next 18 months, BP plans to participate in up to five exploration wells in addition to potentially drilling about 50 developments wells in the North Sea over the next 3-4 years.

BP is also investing significantly in the reliability and integrity of existing assets through an extensive renewal programme.

[wordog] 06/7/2017 19:05

BP drill is something of a mystery, am I right in thinking that they should have flow tested some time ago?