Cluff Natural Resources Share Discussion Threads

[laptop15] 25/1/2020 09:16

https://twitter.com/laptop1515/status/1220699056936300544?s=19

[bronislav] 23/1/2020 10:34

Looks like a transfer of shares from one entity to another in my view.

[thehitman1] 23/1/2020 08:04

£2.00 soon.

[texaschaser] 22/1/2020 21:17

Lifestyle company.

[barnes4] 22/1/2020 17:15

Why what’s it got to do with them

THERE IS A SELLER!!
AND HAS BEEN FOR MONTHS!!

[kilijarslan] 22/1/2020 15:07

Bought a snippet more yesterday. Have no cash to buy more with

[barnes4] 22/1/2020 12:32

Isn’t anyone prepared to make a decent sized purchase and push this up a level?

[anley] 22/1/2020 08:44

It is great news for CLNR but not so for EDR as they will have to wait for Shell who are now in total control of that asset.

It all seems to be going to plan even if its a bit slow for some shareholders. Shell told Cluff last year that their refurbished terminal at Becton needed new throughput and soon they may be getting it.

[oilretire] 21/1/2020 21:35

Good news anley, couldn't quite work out why they went after Pensacola. I guess the ultimate goal is to now find enough for a new hub or stand alone development.Selene on the other hand made perfect sense due to the close proximity to their existing infrastructure.

[here and there] 21/1/2020 17:58

Shell is mopping up gas prospects. The UK needs gas. Shell needs gas. They dropped £300million a few years ago on their pipelines and pumping station, there is space in the system, their fields will decline, they have to keep replacing reserves and increasing production. Cluff are in a great position, just got to be patient.

[barnes4] 21/1/2020 14:08

Nice one Anley

[anley] 21/1/2020 13:56

BINGO..............Shell have done a deal with Egdon Resources (EDR) in an area very near where Shell have 70% of the Pensacola license.

The deal with EDR looks the same - 70% - will do the drilling after looking at the data.....................

But Shell have already the 3D seismic data for the Pensocola license and other small areas nearby. So my question is why do a deal with tiny EDR? Is it because Shell have a big feeling that there is gas/oil in that area as well as the Pensocola area? I would like to think so as this is a huge area next door to the producing BREAGH field.

Lets see what happens............

[barnes4] 21/1/2020 12:27

Rofl wondered why it had gone up

Can’t help but love the private punters

[scotty1] 21/1/2020 12:16

Probably to do with this,need a subscription to read all

With Shell as a partner and funding for two drills, Cluff Natural Resources is a speculative buy
BY GARY NEWMAN

Making a profit on small oil and gas exploration and appraisal companies largely comes down to timing your buys and sells correctly, rather than just holding onto your shares through the ups and downs. With many of these companies the actual risk of holding for a drill often isn’t worth it, especially with exploration plays, but good money can still be made in the lead up to drilling activity, and by leaving some profit to run in the case of some of the safer appraisals. Buying when there is a general lack of interest and no immediate operational activity, and then being patient, is often the best way to get in at a good price – even if not necessarily the lowest price, as that generally comes down to a large slice of luck...

4 hours ago

[kilijarslan] 21/1/2020 12:04

Some good movement this morning. Would be good to break 200dma

[anley] 20/1/2020 15:16

hxxp://www.allenbycapital.com/research_907_3789408156.pdf

[anley] 20/1/2020 13:39

Cluff Natural Resources plc (CLNR.L, 1.57p, £22.1m)

Update

Download note from Allenby the joint broker.............


Major news flow potential

CLNR has the potential for extremely influential news flow in 2020 which will likely be a prelude to near-term drilling on the two Shell joint ventures.

In the first half we believe a drilling decision is likely on the Selene prospect in the heart of the Southern North Sea (SNS) gas basin. We continue to believe Selene will ultimately be drilled in Q4 2020 or Q1 2021.

There is also the real possibility in the coming months of a farm-out on the highly promising Dewar liquids prospect in the Central North Sea (CNS). Additionally, CLNR expects a drilling decision on the Pensacola prospect near the northern margin of the SNS by November 2020.

A scheduled significant item of news flow in Q2 concerns the 32nd Offshore licence awards. CLNR has stated that the blocks applied for in the SNS and CNS are highly prospective and will significantly enhance resource potential.

Importantly, CLNR has a pre-eminent farm-in partner for P2437 and P2252 in the SNS and has underpinned its financing needs through 2021. (Peter J Dupont)

I hope this helps everyone make their minds up.

[oilretire] 20/1/2020 12:31

I'm looking for a dip so I can add ;-)

But yes, apart from a surprise farm out or something else more leftfield this really is one for the patient. Best accept that or as you say barnes reluctantly move on.

[barnes4] 20/1/2020 12:25

Anley I can’t really argue about most of what you say

I will be honest I am looking for a spike and I am gone

A farm out of Dewar could be years away or never

A drill date for Salene might be this year but am guessing next along with 2252 with maybe more seismic data required

Cupertino they are already behind what they originally said but that is again years away if ever

The only possibility this year imo for a spike is the 32nd

[anley] 20/1/2020 11:16

I too was very dissapointed about the dilution but it was or seemed to have been forced on the boars at the time and remember that Algy Cluff had left the company.

I think you are wrong to say there is no shareholder value left based on the point that there will be no drilling. If that were to be the case then the value would be the cash (say £14m) add the value of the licenses and perhaps tax losses should another person come along and bid/merge.

Perhaps that is what is in the back of your mind and other shareholders but as I am sure you know this company is controlled by a number of interesting shareholders and NOT the Board of Directors who have very little skin in the game.......that is a problem that needs to be resolved.

As OILRETIRE says the next update is the DEWAR which could be worth the current market capitalisation £20m and if it is then the cash and no further drilling = over 2p per share and I am not trying to even calculate the NAV correctly.

What gets the Board out of jail is a good announcement on Dewar and a Shell announcement on drilling...................we have to sit back and wait - do we not??

[oilretire] 20/1/2020 10:34

Indeed. The next 'real' update will be dictated by Shell or by further farm out news on other assets.

[anley] 20/1/2020 10:32

BARNES........at what price are you a likely seller?

I do share your views on "get the show on the road" but what do you think the current directors should do?

[barnes4] 19/1/2020 14:00

Personally speaking I think an update is pointless and a complete waste of time and would likely reduce the shares still further

Time to get the show on the road imo the waffle has gone on for years and has to stop!!

[moneymachine2] 19/1/2020 10:41

When is the next update due?.