Cluff Natural Resources Share Discussion Threads

[soulsauce] 04/4/2017 10:30

Oil though instead of gas.

[maytrees] 04/4/2017 10:30

Good morning

Still seems to be a morning seller of 100k chunks though more recently usually offset by pm buyer of 200k chunks.

[clickon] 04/4/2017 10:27

Yes but our gearing/opportunity and resource value and chance of success seems to be better

[soulsauce] 04/4/2017 10:23

No clickon I think it's all of the money at the minute and you are right the Statoil involvement is key. Just wish I had looked at it at the same time I bought this doh!!

[clickon] 04/4/2017 10:20

Hi Soulsource thank you for your reply. I have a feeling that it must be Statoil involvement. Do check these figures, I think they're correct?18% of all this with appx10m shares in issue.Verbis 162m barrels chance of success 29%Cortina 124m barrels19% chance of successI can't see me wanting to invest in this at over £3.20 a share!

[soulsauce] 04/4/2017 09:03

clickon I dare say it is due to the potential of the assets and partner and all starting to come together towards drilling.
However, like I have said, once the right pieces of news drop for us and there is some vision to drilling we will start to re-rate too, probably not £30m+ but certainly in to the £15-20's million.
Things will start to change once we have a farm-in partner and hopefully still left with a sizeable chunk of the blocks.
Algy is no mug so will be pushing for a good deal and hopefully a free carry.

[clickon] 04/4/2017 08:47

Can anyone understand the JOG valuation please ?

[clickon] 03/4/2017 22:01

I'm not sure if I've got the Bboe figure right?

[clickon] 03/4/2017 16:32

You never know!

[maytrees] 03/4/2017 16:27

News possibly soon as the trade volume is also up today.

[clickon] 03/4/2017 15:51

Good afternoon Maytrees yes It does appear to be the case. I've been calculating the Bboe equivelant of 3 TCF ......517184.24 Bboe appears to be the equivalent.

[maytrees] 03/4/2017 15:02

Greetings clickon

You appear to be correct - rinse and repeat!

[maytrees] 31/3/2017 12:31

Agreed clickon
Since when the 250k buyer has reappeared

[clickon] 31/3/2017 11:35

I think that mms drop the price in the morning, shake out a few people, and sell on later in the day, makes them a few pennies.

[maytrees] 31/3/2017 11:29

Meanwhile CLNR share price follows its recent trading patter of falling in the morning.

[clickon] 31/3/2017 11:04

JOG now at £2.82 since yesterday.

[clickon] 31/3/2017 11:00

ANLEY although JOG only has 9.8mshares I still can't understand the £2.50 share price.Equally Hurricane, has very good results about three times as many shares as Cluff and the price is around 50p. Not sure how much all of this is down to sentiment.

[anley] 31/3/2017 10:11

To save everyone time and trouble.........this is the article.

LONDON – Independent Oil and Gas has secured an extension to Dec. 20, 2017, for license P2085 in the UK southern North Sea, which contains the Harvey gas discovery.

IOG has a 100% operated interest in the field, contained within the Leman sandstone formation play. Harvey could be the largest gas discovery in IOG’s portfolio, the company claims, with potential resources in the range of 44-290 bcf.

Later in the year IOG expects to commit to drill an appraisal well. If the result is positive, Harvey could be tied back to the same nearby pipeline identified to export gas from the company’s Blythe and Vulcan Satellite hubs.

Britain’s Oil & Gas Authority has also accepted IOG’s technical submission for the Elgood discovery in the same sector, which will be added to the Blythe field development plan as a satellite tie-in.

Elgood is a relatively small discovery thought to hold 22 bcf recoverable. It will likely be developed via a single subsea well connected to a platform at Blythe. IOG expects to submit the development plan to the OGA in mid-2017.

03/27/2017

So what can CLNR gas holding be classified as? 22bcf .V. CLNR ????

[therealdeal5] 31/3/2017 07:48

Well if IOG are all over this relatively small find, what will others do to get their hands on our TCF's ? Read how much IOG reckon there is in their news release, BCF not TCF
hxxp://www.offshore-mag.com/articles/2017/03/iog-updates-southern-north-sea-gas-developments.html

[clickon] 31/3/2017 07:39

Hi Soulsauce definitely an interesting comparison with JOG shows what can happen!

[anley] 30/3/2017 18:29

Very chummy Cluff and Hilton and have been for many many years....hence the comment. Good post and all helps.

I was not comparing valuations SOULSAUCE jut jotting down a few facts which might have helped.............

My buy order was no good but look at the dealings towards the end of trading day.....

[doshdabbler] 30/3/2017 17:29

Sorry if it's already been posted.

[soulsauce] 30/3/2017 15:39

My remark re JOG was not meant to compare the valuation, how they are valued or whether gas and oil or both. It was simply to state that as with JOG we should re rate when the right pieces of news fall in to place. It was quite a while coming there but worth the wait for those that had the patience.

[anley] 30/3/2017 15:23

I was outside and wanted the middle price............