Cluff Natural Resources Share Discussion Threads

[barnes4] 04/5/2020 16:07

Come on Cluff let’s have a proper update with a drill date?

[a1m1investor] 04/5/2020 16:05

Anley The Insider is back pumping again, things must be getting desperate for CLNR...

The problem here is that an AIM junior explorer with no income, cash burn and no drilling until 2021 is not a good situation for any AIM Co. More money will need to be raised to cover costs before a drill ever even hits the ground if everything is delayed until 2021. This will cause a negative effect on the shareprice, AIM does not take long delays well.

[jason_scrap] 04/5/2020 16:04

Thank you Anley. Sensible post. Honestly don't see directors getting family friends etc to invest if the outlook was bleak lol

[barnes4] 04/5/2020 16:01

Anley

All we need to know is when are they drilling Selene?

If you read the press then maybe never

The problem here is they don’t seem able to decide

[barnes4] 04/5/2020 16:01

Anley

All we need to know is when are they drilling Selene?

If you read the press then maybe never

The problem here is they don’t seem able to decide

[anley] 04/5/2020 15:20

The question is:

What happens to natural gas in the USA when all the shale oil gang stop drilling and shut their wells?

If that starts to produce a gas deficit then some in the know estimate that between 5 to 20 BCF of deficit will be with us all by the end of the 2020/21 winter.

If this were to happen then UK future gas prices would be much higher than they are at the moment. Brokers have used 50p per therm V 40p+ at the moment for calculating costs etc but as I have pointed out production costs are also falling.

So investors have a time lag - waiting for 2021 when prices start to climb again, costs can be recalculated again and the timing will be a bonus.

GAS is the future and CLUFF soon to be called DELTIC will be a leader with supportive shareholders and no sight of a placing. The company is fully funded until the end of 2021.

Finally ask yourself the question: What is cash worth in these markets????

[anley] 04/5/2020 15:03

PURPLE...........this is what was said in the Energy Voice article.

"Cluff’s 48/8b Selene exploration well which Shell farmed-in to and which was expected to be drilled later this year is now likely to be deferred to 2021. Similarly, Independent Oil and Gas’s 48/11c Goddard appraisal well has now been shifted to next year, with the firm commitment required by October 2021".

What needs to be taken into consideration is the very poor PR and the fact that the Shell team are all working from home hence a slowdown.

On the positive side: Costs and bear in mind that rig prices and all associated gear has and will continue to fall.

Finally the "oil glut" will have a bearing on gas prices as the USA shale basins close.

[barnes4] 04/5/2020 14:29

No wonder volume has picked up when are resources going to tell the shareholders?

[purple11] 04/5/2020 14:19

reason for drop

Cluff’s 48/8b Selene exploration well which Shell farmed-in to and which was expected to be drilled later this year is now likely to be deferred to 2021.

[a1m1investor] 04/5/2020 13:48

Not sure I understand your point, "that doesn't mean ours". It quite specifically states "Cluff’s 48/8b Selene exploration well".

Continue to bury your head in the sand all you wish but the fact is that the Selene well investment decision has now missed 2 date targets which the Co continues to brush under the carpet much like it did when it lost it main license last year. In CLNR's case, no news is certainly not good news...

[jason_scrap] 04/5/2020 13:35

Taken from final results.."Reprocessing of the 2D data has recently commenced and is scheduled to take approximately 21 weeks. Once the reprocessed data has been received, it will be subject to further evaluation and, if positive, it is expected that a farm-out process could potentially commence during the second half of 2020."It's 18 weeks today, low and behold director buys last week... join the dots. Block out the troll noise. Cleary there's an agenda at play

[jason_scrap] 04/5/2020 13:32

That doesn't mean ours... just days many UK wells. Trolls need to work harder lol

[a1m1investor] 04/5/2020 13:16

Bad news guys...

hxxps://www.energyvoice.com/oilandgas/north-sea/239134/wells-deferred-until-2021-after-price-crash-due-to-coronavirus/

"Cluff’s 48/8b Selene exploration well which Shell farmed-in to and which was expected to be drilled later this year is now likely to be deferred to 2021"

[barnes4] 04/5/2020 13:01

Q4 2019 failed to deliver on Selene
Q1 2020 failed again
Now well into Q2 and the joint licence holder has still not told its shareholders whether they intend to drill or drop the licence?

Let’s be clear the market doesn’t set these deadlines Cluff Natural Resources does that!!

It better not be a drop because if it is expect 0.3p in very short order imo

[barnes4] 04/5/2020 11:48

The only way we are clueless is if you are party to information that is not yet in the public domain

[jason_scrap] 04/5/2020 11:43

Lol. Clueless

[barnes4] 04/5/2020 11:02

There is no such thing as any safety net here What is really interesting is the persistent large selling that checks the price but There is never a TR1?

Why is this?

[jason_scrap] 04/5/2020 10:25

Complete mess...? Really lol. I don't see a mess. I see significant upside from here and tired market beaten investors. The price sat comfortably around the placing price for a while, the only reason it's been dragged down here is because of Covid-19 and the oil market. Plus all these conspiracy theories, I'm more inclined to believe the negativity here is so traders/investors can load up cheaply over the company going private. Look what the price structure has done over the last few weeks... sellers exhausted and bottom range looks inAs for good news the directors and family memebers bought more shares just a few days ago. Clearly confident. Sentiment on can change in an instant

[barnes4] 04/5/2020 09:41

Agree A1m

The whole thing is a complete mess

They seem unable or unwilling to issue any positive news so the market naturally fears the worst

Like I said many microcaps and Shell companies have seen their shares recover well in recent weeks but this just continues to slide

[barnes4] 04/5/2020 09:10

Good luck but it appears you are already under water

Loads of shares are currently multibagging but all this does is go down