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London South East - Oil & Gas Investor Evening: Malcy, Echo, Savannah, SDX
Andrew Knott, #SAVP speaks at London South East's Oil & Gas event


Cluff Natural Share Chat (CLNR)



Share Price: 2.025Bid: 1.95Ask: 2.10Change: -0.05 (-2.41%)Faller - Cluff Natural
Spread: 0.15Spread as %: 7.69%Open: 2.075High: 2.075Low: 2.025Yesterday’s Close: 2.075


Share Discussion for Cluff Natural


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Maybach
Posts: 598
Opinion:No Opinion
Price:2.075
RE: In the bag?
Fri 12:55
I still hold here, and think in the end it will come well, but not sure that is 1 month away.

Would like to buy more in future.
 
Maybach
Posts: 598
Opinion:No Opinion
Price:2.075
RE: In the bag?
Fri 12:54
Dont put too much faith in the "imminent" sounding RNS's, The "serious" undertones were present in multiple RNS's over 14 months ago.

I recall reading things like "farm out data room looking promising", "large number of traffic in the data room"

Then suddenly for 5 months it all went silent and they stopped mentioning the "data room" altogether.

May also be worth recalling CLNR section in the Telegraph last month stated "The company said it hoped to begin drilling next year"

"Hoped" again...
Morningsun
Posts: 309
Opinion:No Opinion
Price:2.075
In the bag?
Fri 12:40
Well, from reading the 27/09 RNS again it seems quite likely that serious progress is being made. Many new parties in the data room and the old ones still engaged and they were able to convince the authority that they are making substantial progress with either farm-out or finance.

Always makes me wonder why the old interested parties are not moving ahead, even when they knew the 30/09 was coming up. Or would it have been 'because of the 30/09 coming up' nothing was concluded by these interested parties to try and pick the license up themselves. Surely by now they would then have moved wouldn't they? What is holding them up.

The UK needs gas and soon as well.

GLA
MS
Mike007
Posts: 524
Opinion:No Opinion
Price:2.075
RE: What do you think.
Fri 10:47
Yes I thought that also

However what was stark was the bullish tone in the rns, let’s face it if they don’t secure financing or farm in in relatively short order someone is going to look extremely foolish

Only thing to do is sit wait and hope for the right result but to attach too much hope to the 30/11 would I think be unwise
LimitedAccess
Posts: 546
Opinion:Buy
Price:2.075
RE: What do you think.
Fri 10:29
Yes, that’s perfectly possible .....but they would still need proof of progress to grant an extension, whatever length the extension may be .
Maybach
Posts: 598
Opinion:No Opinion
Price:2.075
What do you think.
Fri 00:39
Wondering if the recent extension of 2 months doesnt necessarily imply a deal imminent over the previous 1 year extension, but is actually just the OGAs updated policy to now extend for 2 months instead of being so generous.
levistubbs
Posts: 1,145
Opinion:No Opinion
Price:2.075
RE: Soon to be?
Wed 13:19
The market is still saying we don't believe you Mr.Cluff show us the money not more jam sometime statements.
Gasatapeep
Posts: 41
Opinion:Hold
Price:2.075
Soon to be?
Wed 11:54
Good luck Limited. I too have a nice holding here for over 2 years, but am getting worried now about the environment people are trying to do away with gas usage. I am sure it will take many years for it to happen, so hopefully our farm in will come soon and get the price moving upwards. UK needs the gas so whats the hold up? Time Algy let us know the real deal soon.
abzzba
Posts: 643
Opinion:No Opinion
Price:2.075
RE: holding
Wed 10:15
One day soon you will login and find that golden RNS, would be nice if it were real soon.
LimitedAccess
Posts: 546
Opinion:Buy
Price:2.075
RE: holding
Wed 09:59
I think they have to be prepared to drill to enhance their negotiating position .....otherwise big players could just wait for licences to expire and bid for them in the next round. I imagine the whole process is very complex and contingent on lots of things coming together ...and could involve multiple companies. It’s all taken a long time ...but the rewards for patience could be massive .
I’m now up to 1.82 million. GLA
Mike007
Posts: 524
Opinion:No Opinion
Price:2.075
RE: holding
Tue 18:15
Thanks

What value would you attribute to a company that had the funds to drill on the proposed licenses?
LimitedAccess
Posts: 546
Opinion:Buy
Price:2.075
RE: holding
Tue 07:41
It doesn’t, but it can be inferred that it is likely a significant move will be made by 30 November as it looks like licences extended to conclude a deal already being thrashed out ....or other options such as going it alone with a drill .
Mike007
Posts: 524
Opinion:No Opinion
Price:2.075
RE: holding
15 Oct '18
Close to a deal?????

Where does it say this

Thanks
draft
Posts: 14,882
Opinion:No Opinion
Price:2.075
last rns
15 Oct '18
the Company has experienced a significant increase in the level of interest in the Company's licences and has welcomed a number of new parties, including established North Sea operators, into its data room. While providing these new entrants sufficient time to evaluate the opportunities available, the Company is continuing discussions with several parties who have previously indicated an interest in the assets. 

ill be astonished if this goes south
draft
Posts: 14,882
Opinion:No Opinion
Price:2.075
from last rns
15 Oct '18
recently updated the UK Oil and Gas Authority ("OGA") on its farm out processes for the P2248 and P2252 licences. As a result, the OGA is not proposing to enforce the previously stated milestone whereby a drill or drop decision was needed to be made by 30 September 2018.

Accordingly, both the Promote Period and the Initial Term of both licences will continue to run until 30 November 2018.

we must be close then. 30th Nov aint far away. New people in data room. forget bagging im going for 10p minimum here.
draft
Posts: 14,882
Opinion:No Opinion
Price:2.075
RE: holding
15 Oct '18
i havent heared anything. its in the last rns. the oga extended cluffs 2 licences again after cluff explained to them they are close to a deal. the rns says that. think mid november is mentioned in rns.
Mike007
Posts: 524
Opinion:No Opinion
Price:2.05
RE: holding
13 Oct '18
I think it will at least double on a farm in

But when it will happen I know not
LimitedAccess
Posts: 546
Opinion:Buy
Price:2.05
RE: holding
13 Oct '18
I agree, it was very positive and I am surprised the rampers haven't appeared to big this one up....but maybe people are a little weary having waited so long. However if it comes good, its going to come very very good (IMHO). I'm still looking to add in any dips under 2p. Strange movemenst in price last week on tiny volume. I guess a fair bit is going on behind the scenes in readiness if it does bounce on a surprise RNS......
Mike007
Posts: 524
Opinion:No Opinion
Price:2.05
RE: holding
13 Oct '18
The reason am interested is I thought the last rns was probably the most bullish I have seen from the company

Could be wrong but if they do achieve a farm out the sp could potentially take off
levistubbs
Posts: 1,145
Opinion:No Opinion
Price:2.05
RE: holding
13 Oct '18
Just the usual wishful thinking I suspect.
Mike007
Posts: 524
Opinion:No Opinion
Price:2.05
RE: holding
12 Oct '18
Good evening why is that?

Have you heard anything positive?
draft
Posts: 14,882
Opinion:No Opinion
Price:2.05
holding
12 Oct '18
must be news soon.
LimitedAccess
Posts: 546
Opinion:Strong Buy
Price:2.05
Price
9 Oct '18
A bit of manouvering going on here by mms today I feel.....
draft
Posts: 14,882
Opinion:No Opinion
Price:2.10
shareholders register
7 Oct '18
Key players still holding - IPGL and Dorfers must know whats coming

Key Shareholders
As at 31st August 2018:

Key Shareholders
Percent
IPGL Limited 10.1%
Hargreaves Lansdown Nominees 9.3%
Jarvis Investment Management 8.2%
Fiske 6.7%
Janus Henderson Investors 6.1%
Guinness Asset Management 5.1%
Interactive Investor 5.0%
Barclays Wealth 3.9%
Lloyd Dorfman 3.2%
draft
Posts: 14,882
Opinion:No Opinion
Price:2.10
must be close
6 Oct '18
In recent weeks the Company has experienced a significant increase in the level of interest in the Company's licences and has welcomed a number of new parties, including established North Sea operators, into its data room. While providing these new entrants sufficient time to evaluate the opportunities available, the Company is continuing discussions with several parties who have previously indicated an interest in the assets. Whilst there can be no guarantee that any of these discussions will have a positive conclusion, the Company remains confident of being able to secure a successful outcome from the farm out process and looks forward to providing a further update in due course




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