Cluff Natural Resources Share Discussion Threads

[kristini2] 24/7/2018 13:02

i think the bod has been at the mercy of events ie depressed oil price being one factor - so fair is fair, maybe now is the time

I would have thought some stock price action would be a positive indicator but lets be patient

i've been here since IPO way back and yes a little weary

[aland1] 24/7/2018 12:39

Totally agree with your thoughts Kristini. However have now been waiting for around 3 years for the BOD to deliver on this and still nothing. Both Algy and Mr Swindells have indicated in previous RNS messages that shareholder value is a priority for them. However all we have had thus far is jam tomorrow.

Time for the BOD to deliver I would say.

[kristini2] 24/7/2018 11:49

if we try an think objectively and put aside the frustration at slow progress here i feel we have a good chance based upon; Algy's record and experience, the business has been managed very tightly with minimal dilution since IPO and has built a great portfolio of licenses, and oil is up out of the doldrums; surely it's all coming together Soul ?

we just have to weather the sheer frustration of the share price for the next few weeks.....

[soulsauce] 23/7/2018 16:49

kristini it's probably worth loading up just for the next Algy newspaper bluff and orchestrated pump. That is the only way to make money here it seems and then sell before the inevitable next raising.
I wonder what the next sound bite will be to show the enormity of our prospects that no one wants to be part of lol. Telephone numbers 😂

[kristini2] 23/7/2018 16:38

i wish i had not loaded up in this, i think it's a great risk reward buy; i'm tempted to add but am over exposed as it is......

[kristini2] 23/7/2018 16:37

Soul; a dog with fleas ,... hahah

[rediffusion] 23/7/2018 15:28

Agree with that too Soulsauce. Diabolical performance BUT the OGA appears to have faith for some clandestine reason.

[soulsauce] 23/7/2018 14:56

Hope you are right guys because at the moment it is a dog with fleas.

[rediffusion] 23/7/2018 14:33

Likewise Bron.

[bronislav] 23/7/2018 14:05

Get the feeling that some news will come right out of the blue rediffusion and will be not what everyone is expecting..

[rediffusion] 23/7/2018 13:46

Added. Spread the tightest I've seen. Happy to take more as it slides. 12 licences must be worth something or I'm a mug.

[soulsauce] 23/7/2018 12:55

Frustrating indeed and may be an understatement. 😕

[bronislav] 21/7/2018 16:02

Thanks for the reply rediffusion.

[rediffusion] 21/7/2018 15:56

Just over £1m Bronislav. I believe he's worth £1.3bn now. Anyway, the point is I don't think his stake is any more than a flutter on his mate Algy pulling something out of the bag and it's very unlikely he has any kind of 'plan' for the company, especially since he's not an oil man. Nevertheless, as frustrating as it is, I concur that the extensions and licence awards point to something far bigger here and, hence, I have been adding recently.

[bronislav] 20/7/2018 17:36

How much is his stake worth at today's price rediffusion?

[rediffusion] 20/7/2018 16:58

Spencer couldn't care less. This is a punt for him. His stake is worth a tiny fraction of his wealth.

[bronislav] 20/7/2018 14:24

Focus has been on a joint venture for over two years and Spencer isn't here for a joint venture.Obly one outcome here in my view that would suit algy Spencer and dorfman and probably the reason we got the bid round results and why the may JV reqirement was waived .How much and when is all we need to know..all an equity raise would be for in my opinion is to give some a larger slice of the pie.

[kristini2] 20/7/2018 14:05

people fearing the dreaded equity raise, if we get a farm out deal it might explode...

[euclid5] 18/7/2018 20:24

£127m / 538m shs = 23p Npv/share

Our unit NPV assumes a range of variables including
• 128 BCF of gas produced over 15 years with production commencing in late 2022
• Peak production of 50 mmcfpd in 2023 declining from 2025 onwards
• Flat gas price of US$6.50 per mcf
• Unit opex per mcf of US$1.33 at peak production rising thereafter
• Drilling capex comprising one exploration well and an additional appraisal well


• Development capex of £40m to complete and tie into infrastructure

[kristini2] 17/7/2018 09:13

Mr S spoke as if the money was secured.........

drill costs may be common knowledge ;

basset 1st target £8.8
cadence £16m
Pensicoloa £11m

[kristini2] 17/7/2018 00:22

Algy's track record the best Soul,,......

[aland1] 16/7/2018 23:31

Any indication from Mr Swindells on the position regarding the recent placing?

Have the funds been secured as we’ve not had any RNS to confirm?

[aland1] 16/7/2018 23:28

Many thanks for the update Kristini....much appreciated. Hopefully a farm out will still be delivered even though it’s taking much longer that everyone would like.