Cluff Natural Resources Share Discussion Threads

[rediffusion] 16/4/2018 19:56

30 working days till a placing Anley?

[anley] 16/4/2018 12:00

Hello everyone just back and having checked and thought about the time table its still all down to when the Energy Minister announces who has got what and where............its as simple as that.

The last date is sometime in JUNE - I make that at least 30 working days still to go BUT as time goes by there could be hints in volume and price so keep an eye on the markets.

No more posts........

[clickon] 10/4/2018 13:04

Wondering how many of these are buys!

[wordog] 09/4/2018 16:58

love a late rise

[soulsauce] 09/4/2018 16:51

Some good buying and an interesting late rise :-)

[clickon] 08/4/2018 22:50

With COPL there was often a lot of noise, I am often a little wary of a share when that is the case.

[clickon] 08/4/2018 22:37

Is that not generally the case with most drills? The name of the game?

[soulsauce] 08/4/2018 15:58

Well that's all very well if the well comes in but if it doesn't you find yourself in the same situation as the likes of Copl and countless others.

[clickon] 08/4/2018 15:36

I've often thought that doing a fund raise for a drill, while diluting share capital is no worse than handing over equity and expresses confidence in our licences, that can be attractive to other parties.

[clickon] 08/4/2018 15:27

Mind you, our advantage is that we're ready to go!

[clickon] 08/4/2018 15:26

Thank you dosh the pecking order makes sense, existing proximity of new licences to our licences could persuade the OGA to allow them for CLNR or maybe there's a possibility that our licences may become more attractive to a third party if they obtain their licences nearby, thereby increasing the size of a potential hub.

[doshdabbler] 08/4/2018 11:46

Click, my understanding is the next round contains a record number of appraisal wells and recent producers. When they are allocated, what chance of 2248 remaining high on anyone's wishlist? I think Algy will drill it himself which is not a bad thing, but may take up to September to arrange, before drilling next spring. A total guess, but why else is this dragging on so long.

[clickon] 08/4/2018 10:10

Hi Dosh can you say what this pecking order amounts to ?

[doshdabbler] 06/4/2018 15:59

Oh I do enjoy reading Anley's cryptic "expert" posts. Fortunately I sold on the spike in January and, whilst I'm always tempted to dive back in, it becomes more apparent as the weeks roll by and the cash dwindles (they continue to pay handsomely at CLNR), that farmout negotiations have hit a wall.I wouldn't be surprised if a placing lands quite soon. It's been almost six months and even if they scoop some licences in May, it'll take some time before P2248 finds its place in what I gather is a rather fierce pecking order. GL to all.

[anley] 05/4/2018 16:32

Its bit like the Battle of Waterloo when Wellington said "near damn thing"....or something similar..............

I think I know who may be marching towards CLNR..........last post as I am off.

[soulsauce] 05/4/2018 15:56

I am not sure what to think of Cluff anymore anley.

[anley] 05/4/2018 15:34

In a way you are right SOULSAUCE but there are enough shareholders who would make sure that the company did not run out of funds or maybe they don't mind and use the tax losses to offset else where........Spencer for example.

Meanwhile Cluuf would hate to go out with a wimper - that is not his style.......

Day 27 tomorrow and no more posts from me until next Friday as I am away in Berlin on Brexit matters.

[soulsauce] 05/4/2018 15:14

Of course it's rudderless clickon because it's not in charge of it's own direction or destiny. It's got to hope the cards fall right in the licencing round and then hope it has enough money to last in the hope something happens.

[clickon] 05/4/2018 13:50

However much guess work, it is not a rudderlesss ship.

[soulsauce] 05/4/2018 12:56

Have read them anley and like I said all guess work.
It's a rudderless ship.

[anley] 05/4/2018 12:50

Read the last weeks posts and catch up.........as the CLNR funds dry up and the government goes to sleep over its NON gas policy.................

[soulsauce] 05/4/2018 11:54

To what anley?

[anley] 05/4/2018 10:12

28 days to go................

[soulsauce] 03/4/2018 13:23

I hope so too but you would have as good a guess at what may be happening and when by putting a wetted finger in the air.

[pipersand] 03/4/2018 13:21

..indeed 30 working days is 6 weeks, so interesting days lie ahead. Baited breath and all that. ;0)