Cluff Natural Resources Share Discussion Threads

[kristini2] 18/5/2018 08:17

yes both locations with interuption to supplies Clickon, just thought US shale supply was huge

oil cannot surely remain at this level, an impediment to growth and inflationary if so

[clickon] 18/5/2018 06:15

I think that the vote on the sale of NEX takes place today.

[clickon] 18/5/2018 05:51

Kristini Venezuela and Iran are the two reasons.

[clickon] 17/5/2018 20:51

I would have sacked him by now! (rant over, for the time being)

[clickon] 17/5/2018 20:49

Lucky he's not responsible for energy planning and policy in the North Sea, UKCS. However it is important that ALL government ministers are up to speed, ignorance is no excuse! The matters are too serious.

[clickon] 17/5/2018 20:43

Obviously the Rt. Hon. James Brokenshire, the Secretary of State for Housing, Communities and Local Government, is not up to speed with developments in the North Sea UKCS. An apparently pitiful lack of knowledge, what can you expect!

[vivgav] 17/5/2018 19:41

See post on IOG thread.

[kristini2] 17/5/2018 18:03

how can oil be going up so strongly when there is now an abundance of shale on tap ?

helps us so all good but just wondered about the pricing increments

[bronislav] 17/5/2018 15:50

Clickon.i read that but decided to find out for myself and to confirm if they give that sort of news out.

[clickon] 17/5/2018 15:47

Apparently they told someone on the LSE blog, in next two weeks however I can't confirm that.

[bronislav] 17/5/2018 15:43

Clickon good news about OIL.
I've spoken with OGA the number is on their website .In a nutshell they said they are on target to have results before the end of June.However I personally suspect they know who is getting what at this juncture.

[clickon] 17/5/2018 15:33

Oil above $80 a barrel.

[clickon] 17/5/2018 15:17

OGA just tweeted results soon.

[bronislav] 17/5/2018 14:21

could be about six weeks yet anley although it could come within those six weeks.

[anley] 17/5/2018 13:32

No news from the Minister of Energy.......so another day slips by.

That in my view is the catalyst for what happens next................

[bronislav] 17/5/2018 11:04

Clickon.if we get the news we hope for the share price will take care of itself.

[clickon] 17/5/2018 10:49

I think it does, if we get positive news.

[bronislav] 17/5/2018 08:25

Shortage of stock or not matters not .Only real important share price mover will be favourable news..The share price has moved more on nonsense news reports in the past.

[a1m1investor] 16/5/2018 21:47

The retracement bounced strongly off the 38.2 fib level, hopefully done now and see the rally carry on from here.

[clickon] 16/5/2018 16:45

Mms possibly short of stock.

[anley] 15/5/2018 12:18

I have looked at many oil/gas senerios and all are different for one reason or another and I am afraid all we can do is sit back and wait.
The brokers to CLNR are not the best and at some stage there could be a change so watch for that move.

Thank you for your feedback...........

[a1m1investor] 15/5/2018 11:20

What muddle Anley? Not an exact science and fairly in line with the broker note targetting CLNR mcap of £55m as that took into account a farm-out deal giving up 50% to partner and some future dilution. The Co saying the prospects hold a risked value of £140m, and broker note saying how much of that value gets credited to CLNR

[a1m1investor] 15/5/2018 11:04

yes, in the investment case summary:

Robust Economics
• Cadence Scremerston Prospect – risked EMV of £86.6m (equates to 20p/share)
• Basset Bunter Prospect – risked EMV of £69.0m (equates to 16p/share)

Depending on what we get in the 30th round, will, after the proper work has been carried out, add on another chunk of value.

[anley] 15/5/2018 11:00

These estimated values come to 36p per share and are based on the work done for 2 areas.

At 36p the CLNR M/C is some £140m is it not assuming the stuff is in the ground.

What a valuation muddle........................as another day slips by.