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CLNR Cluff Natural Resources Plc

0.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cluff Natural Resources Plc LSE:CLNR London Ordinary Share GB00B6SYKF01 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.80 0.75 0.85 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cluff Natural Resources Share Discussion Threads

Showing 2101 to 2124 of 9300 messages
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DateSubjectAuthorDiscuss
21/4/2017
16:47
Yes I know anley but a farmin partner would have the capital.Cluff has two options ,farmin or sale.
So algy has said he hopes to have farmin or similar by june ( not guaranteed), if this comes to fruition is there enough data in place to drill before year end.Whichever way an intention to drill even if the date ran into 2018 would be a huge positive for clnr...

bronislav
21/4/2017
15:57
BRONISLAV............Cluff has not got the capital to drill it is simple as that....
anley
21/4/2017
15:30
That late 250k share buy(?) again agurs well
maytrees
21/4/2017
15:28
Increased volume bodes well,I suspect we are going to be leading up to some good news after yesterdays announcments.With clnr turnig down the option on other assets a few months ago could well be a clue that we have been successful in the bid round..Is a drill this year too much to ask for?
bronislav
21/4/2017
11:46
Your wife is a good judge anley!

But no problems as none of us really know - the only comment that i will make though is the prices in the financial markets usually over shoot in both directions!

cpap man
21/4/2017
11:42
To get an idea of what's going on in the North Sea, acquisitions etc. CNR website, 'Latest Developments' quite active!
clickon
21/4/2017
10:35
Mark Lammey's post, to which CN100 was referring:
rogsim
21/4/2017
10:15
I think that until there is a farm in, the share price will stay roughly where it is unless there are other announcements e.g. new licenses. Then pre drilling and drilling hopefully confirming proven resources will elevate the value further.
clickon
21/4/2017
10:00
NPV (Net Present Value)-- 'Implied extrapolated un-risked NPV for the six identified prospects on Licence P2248 of GBP697 million'
clickon
21/4/2017
09:29
So if Mr Cluff thinks that the value of his assets, that's how I read it, are worth milions and millions then why is the share price at under 3p?

Many thanks CN100 (who ever you are) for the post - helpful and not so helpful as there is too much missing............

Soory to CpMan - I did not mean to be rude.........my wife says it was not even funny!!

anley
21/4/2017
08:44
Good morning CN100 and all and txs.

That 300K trade earlier at 2.75p possibly a buy as sells at the time were at lower sps.

maytrees
21/4/2017
08:36
CN100 nice write up, much obliged.
soulsauce
21/4/2017
08:29
CN100 Thank you very much for the write up :-)
clickon
21/4/2017
07:49
Today 08:43North Sea pioneer Algy Cluff said yesterday that his company was busy trying to attract partners for one of its most promising southern North Sea licences.

The entrepreneur, who was involved in the discovery of the Buchan field in the 1970s, also said Cluff Natural Resources (CNR) was keen to add to its asset portfolio in the upcoming 30th licensing round.

Mr Cluff said CNR opened its doors to companies interested in examining data for its 100%-owned P2248 licence in March.

Since then, 23 companies have visited the data room at London-listed CNR.

Mr Cluff, the firm’s founder, chief executive and chairman, said only one of the 23 companies had told CNR they would not be following up on their interest, so far.

He said CNR hoped to have a farm-out investor in place by June to help fund the drilling of P2248.

He was speaking after CNR revealed the licence could be worth almost £700million.

CNR hired independent oil and gas consultant Xodus Group to review development options and gauge the economic viability of two of the six prospects on P2248.

Xodus’s scoping study found that the economics were “robust” for a range of development options on the Cadence-Scremerston Prospect and the Bassett Bunter Sandstone.

Xodus’s analysis, which was based on studies of analogous fields, indicated Cadence’s expected monetary value following a gas discovery would be about £87million, compared to £69million for Basset.

It said the “implied extrapolated un-risked” net present value for all six prospects was £697million.

An earlier study of CNR’s southern North Sea prospects by Xodus added billions of cubic feet of gas to the firm’s reserve estimates.

CNR’s shares were up by more than 14% in early trading yesterday. They then settled down, finishing the day up 7.55% to 2.85p.

Mr Cluff said: “This study has confirmed our long-held conviction that exploring for gas in the southern North Sea can deliver significant value for shareholders and the UK as a whole.

“Should exploration wells prove commercial quantities of gas in line with expectations, then the scoping study economics demonstrate that cost effective development options are readily available, a key consideration for any operator or investor looking at the company’s exploration assets.”

Mr Cluff also said CNR would be in the market for new licences in the 30th licensing round.

The Oil and Gas Authority said last month that the 30th round was likely to be announced towards the end of the current quarter.

Mr Cluff said he expected a number of so-called small pools to be up for grabs.

There are about 350 unsanctioned marginal fields containing more than 3billion barrels of oil on the UK continental shelf.

Mr Cluff said the small pools on offer represented a “very interesting opportunity” for CNR

cn100
20/4/2017
12:58
The interesting thing is that Statoil had been prepared to get involved at that level of risk.
clickon
20/4/2017
12:54
Hi CPAPMAN Just feel the 29% and 19% seems quite low to me maybe I'm wrong.
clickon
20/4/2017
12:52
No need to be so rude anley just because we dis-agree.

EDIT: i note that you offer absolutely zero back up to your price targets

cpap man
20/4/2017
12:39
Yes it is difficult, not quite apples and oranges but agree with what you say as anley has alluded to.
soulsauce
20/4/2017
12:35
Well i for one don't think that you can but hey ho time will tell as always.

When i last met AC he was most complimentary of JOG and yes Statoil was one of three MAJORS mentioned!

cpap man
20/4/2017
12:24
With JOG just under 10 m sharesand have 18% of this. Share price £3.00Verbier a 29% chance of success.Cortina a 19 % chance of success. Awaiting drilling, not sure how to compare with CLNR for valuation purposes.
clickon
20/4/2017
10:42
cpap man JOG have got a decent JV with Statoil, they are targeting oil instead of gas and have currently re-rated to £30m. TBH I think anley would be nearer the mark ahead of any drilling. A mkt cap of £20m about right IMO.
soulsauce
20/4/2017
10:37
Far too low that anley as any decent JV would send CLNR up to the 10p to 15p area at the very least....

A major gas hit would then propel CLNR to the 30p to 40p area i.e. MKT CAP of £100M+

cpap man
20/4/2017
09:18
Depending on the outcome of any JV I will stick to my 5/6p per share valuation especially as the company will be running out of cash in the coming months.

However, Mr Cluff is hoping that a bigger "bit" of news can come through and then he can announce the 31 Decemember 2016 Report and Accounts and that will give us a better clue as to what is really going on..................we shall wait and see.

anley
20/4/2017
08:12
NPV- how does that convert in to profits to give some relative valuation metric- a complex calculation based upon many unknowns-- surprised the market has not driven this higher on the news...
kristini2
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