North Sea pioneer Algy Cluff said yesterday that his company was busy trying to attract partners for one of its most promising southern North Sea licences.
Cluff Natural Resources
Shares in Cluff Natural Resources rocketed in early trading today after the firm said one of its southern North Sea gas licences could be worth almost £700million.
Cluff Natural Resources has launched a search for farm-out partners for its prospects in the Southern North Sea.
Cluff Natural Resources (CNR) has announced the appointment of Mark Lappin as non-executive director.
Shares in Cluff Natural Resources (CLNR) plunged this morning after the company revealed plans to raise £1.8million through a share placing.
Entrepreneur Algy Cluff has said his oil and gas company is well positioned to capitalise on the southern North Sea’s wealth of exciting assets.
Verus Petroleum has gone back on the acquisition trail by upping its stake in a North Sea field in a deal thought to be worth tens of millions of pounds.
Shares in Cluff Natural Resources soared more that 20% yesterday after a newly published report added billions of cubic feet of gas to the firm’s North Sea reserve estimates.
The chief executive of Cluff Natural Resources today confirmed a "very significant" resource increase for its Southern North Sea prospect.
Cluff Natural Resources has pulled out of a licence agreement with Versus Petroleum in relation to a licence in the North Sea.
The Scottish Government will tomorrow reveal whether it intends to block a North Sea pioneer’s controversial plans to tap un-mined coal beneath the Firth of Forth.
Cluff Natural Resources said one of its non-executive directors has resigned from the company.
Shares in Cluff Natural Resources (CNR) soared by almost 15% yesterday after the company revealed a huge upgrade could be on the cards for its southern North Sea gas portfolio.
The UK's Southern North Sea could be “one of the most prospective offshore gas areas in the world” if the government gets its policy right, according to Algy Cluff.
The oil and gas investment company led by entrepreneur Algy Cluff is undervalued by almost £40million, a new report says. Cluff Natural Resources’ (CNR) current market capitalisation, which denotes the value of its outstanding shares, is £3.2million, according to the London Stock Exchange. The Aim-listed company’s shares, which reached 4.4p at one point last July, currently sit at 1.2p.
Cluff Natural Resources (CNR) has purchase a stake in a trio of licences in the North Sea for just £1.
Cluff Natural Resources has signed a deal with Verus Petroleum acquire a quarter share in three licences in the Central North Sea and the Moray Firth.
North Sea oil pioneer Algy Cluff insisted yesterday plans for unconventional gas extraction in the Firth of Forth were not dead. He was speaking after his company said it was switching its “primary focus” away from the firth to pursue underground coal gasification (UCG) projects in England, and conventional oil and gas developments in the North Sea. Green groups which recently led a protest against his Scottish UCG plans said it was a “massive victory” for campaigners but the issue would not be buried until his firm handed back its UCG licences.
Oil pioneer Algy Cluff said the North Sea is on the cusp of a renaissance after heralding his company’s plans to divert more of its resources to the area. Mr Cluff said Cluff Natural Resources had already made rapid progress in developing its five conventional oil and gas licences in the southern North Sea, aided by a collaborative agreement with energy service giant Halliburton.
Cluff Natural Resources (CLNR) is to pursue unconventional opportunities south of the border following the Scottish Government's moratorium on Underground Coal Gasification.
A North Sea oil and gas pioneer yesterday urged the Scottish Government not to squander taxpayers’ money on further research into underground coal gasification (UCG). It comes after the government slapped a moratorium on UCG and appointed a scientist to carry out an independent assessment into the potential impacts of the technology. The government also widened the scope of research that is being conducted into fracking, which was the subject of a separate planning ban introduced in January.
Oil pioneer Algy Cluff said yesterday his company’s plans to tap coal reserves under the Firth of Forth were in keeping with the concept of Scottish independence. And in announcing the first half results for Cluff Natural Resources (CNR), Mr Cluff criticised the previous UK Government’s support for North Sea windfarms. Mr Cluff, chairman and chief executive of CNR, said large windfarms blocked access to gas fields and sucked up taxpayers’ money.