Cluff Natural Resources Share Discussion Threads

[wordog] 18/10/2017 20:08

Halliburton are providing hydraulic fracturing advice under the MOU, not production. However, the MOU may have them as the preferred operator (in terms of fracking specialist skills)

[clickon] 18/10/2017 18:09

Hi Anley done a quick scan looks good. Not sure if this report is correct but we'd better start getting this gas out.... https://www.sciencedaily.com/releases/2017/09/170919123118.htm

[clickon] 18/10/2017 17:48

I still wonder why we can't do a deal with Halliburton haven't heard a lot about them lately.

[clickon] 18/10/2017 17:34

It certainly looks like it, as far as costs go we are in shallow water as I understand it. That's a bonus!

[anley] 18/10/2017 16:08

Do you think this is what is happening in the North Sea........its getting cheap again is it not/

Clickon.....number of shares is not the issue but the value of the asset under the sea bed and cutting back on the Allenby report which is not as good as the Arden one for IOG........do read it.Transocean (RIG -3.8%) sinks despite signing a new two-year contract for the Deepwater Invictus ultra-deepwater drillship with three one-year priced options.

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The rig’s $106M of revenue for two years of work calculates to a $145K dayrate, a 75% reduction from the current $592K - a great deal for BHP Billiton, which secures a modern rig built in 2014 for a very cheap price - further evidence of the dismal state of the offshore drilling market.

Bloomberg also published a story today describing RIG's retirement of six floating rigs that will add up to a $1.4B writeoff as a signal of "just how bleak the future looks for deepwater drilling."

Offshore drilling rig operators junked more rigs during Q3 than have ever been trashed in a 90-day stretch, according to the report.

“Deepwater is going to be playing a much-reduced role on the global oil supply stage relative to what the industry expected as recently as three years ago,” says FBR analyst Thomas Curran.

[clickon] 18/10/2017 15:51

Hi Anley does your 10p target take into account that IOG only has 109.69 million shares?

[soulsauce] 18/10/2017 15:13

£20m market cap I would take that prior to drilling ;-)

[anley] 18/10/2017 14:51

I think we should all okk at the report on IOG which POST no 3183 gave us.

I am still surprised that the market has not given CLNR a better share rating as our company has a valuable holding in natural gas - up to 3 TCF .V. the Blyth field (IOG) with 34 BillionCF.......I think this is correct.

So please have a look at the excellent brokers report on IOG especially the Valuation and Upcoming Activity. This will help in evaluating dilution costs and of course valuation - so perhaps 10p is my new target - a £20+million value. The rest will follow..........on news asap.

hxxp://www.independentoilandgas.com/downloads/reports/170526%20IOG%20-%20Initiating%20Coverage%20FINAL.pdf

[soulsauce] 18/10/2017 12:53

Agree Bron definitely turned. Had another nibble this morning.

[bronislav] 18/10/2017 12:41

The chart looks like it has turned,it would be good if we could get a few rises before any positive news concerning the data room.I suspect company would like to see a higher share price as a base to kick on from.

[doshdabbler] 16/10/2017 17:05

LD added 7,480,150 shares taking into account new % after the placing.

[soulsauce] 16/10/2017 16:53

Definitely doshdabbler I have had a nibble myself.

[bronislav] 16/10/2017 16:47

Lloyd dorfman is extremely rich ,now why would this chap increase his holding.One has to assume this astute businessman did his due dilligence before adding.For me I havent changed my positive stance here .Deal done ,licences renewed,bids prepared for november bid round..Logic says its a good time to buy.

[doshdabbler] 16/10/2017 14:36

Really hoping that happens Soul. I've added quite a few down here and feel deserving of a decent reward

[soulsauce] 16/10/2017 14:24

Lets hope we have seen the bottom and we can have a nice run back toward 3p ahead of any farm out or licence news.

[clickon] 16/10/2017 14:12

I should think so.

[anley] 16/10/2017 13:39

He is helping his mate to get the deal done as soon as possible.

[clickon] 16/10/2017 13:19

Good that he's added at this point, quite a few shares to trade if it went south, so it seems encouraging.

[clickon] 16/10/2017 13:15

Sorry slip up!:-(

[bronislav] 16/10/2017 11:53

The company will have 371 million shares clickon.

[bronislav] 16/10/2017 11:51

Yes ,I look upon this holding rns as a positive and perhaps a vision of the road ahead.

[doshdabbler] 16/10/2017 11:40

Click, he has 17,372,940 shares. Up from 3.25% to 4.68%

[clickon] 16/10/2017 11:37

He's now got over 371 million shares!

[doshdabbler] 16/10/2017 11:00

Well done. I've added too

[anley] 16/10/2017 10:55

Added - sorry for the bad wording............