A multi-millionaire who pours cash into the coffers of the Conservative Party is now the largest single shareholder in North Sea oil and gas firm Cluff Natural Resources.
Cluff Natural Resources
Cluff Natural Resources (CLNR) has announced plans to raise £750,000 through share placing ahead of the next North Sea licensing round.
North Sea veteran Algy Cluff said yesterday the current rocky relations between the UK and Russia highlighted the dangers of Britain relying on foreign gas imports.
North Sea oil pioneer Algy Cluff said his company was determined to find farm-out partners for its licences after revealing plans to step down from the chief executive role.
The Oil and Gas Authority (OGA) has agreed to extend two of Cluff Natural Resources' southern North Sea licences for a further year.
Energy industry veteran Algy Cluff has called for a renewed focus on maximinsing recovery of North Sea oil and gas reserves.
Cluff Natural Resources today revealed it had made a £1.7million loss for its financial year.
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.
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.