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And now compare CLNR to most of the rallying shyte on AIM. It's way better from a prospectivity, drilling and balance sheet perspective. This is a gift of an entry point as the sector recovers. The fact that there is so much pessimism and disbelief is usually a sign writ large that it's time to back up the truck.
Exactly. Cluff have zero
140m.
Phoebus- JOG own 120million barrels of oil..
Near term catalyst will be licence awards. Be interesting to see if they get the one they applied for with the āinternational operatorā.
The negative arguments are the same as those on the JOG board before it did 140% off net current assets per share the other week. No drilling planned there either for a while.
At the minute itās just a cash shell. Better prospects out there short/medium term. Oil industry is wrecked at the minute and drilling wildcat wells is not the bravest thing to do in the current climate. Hope SP sustains this level but PIs will become bored of lack of news, little volume on day to day trading and the the SP will suffer. Hope Iām wrong.
Same for most oilers yet they are off to the races and mostly with wrecked balanced sheets and no decent prospects. Excellent prospects and fortress balance sheet here all sat at net current assets per cash per share. If they can go boom this can go supernova. BTFD This is a major gift.
.....and nothing happening for at least 18 months
Fully funded, no dilution, back up to c 2p imho
Will try mate
Never give up Mike :)
Bad
Please keep up there is a huge seller in the market see the rns
All these buys an no movement. Being held back....
been here for quite a while now, averaged down but still think this will come good. Millions in the bank, new name, licence awards soon, Dewar farm out, Shell tie in, existing licence dev, WHEN good news comes, it will fly from here.
GLA
Maybe tied in with JOG here for one of the licences. Who knows
JOG has huge North Sea assets. It was sat at cash per share and the pessimism on the board was palpable. Stock is now on fire. CLNR is a very similar story. Expect it to do the same shortly. STRONG BUY.
am pretty sure they will get some licence awards soon . That will be a major catalyst
It wouldn't surprise me if this suddenly rerates under the radar when the ticker gets changed. Great way to ensure the great unwashed benefit as little as possible from the big rerate.
Sector is flying now with small cap oilers making some huge moves. Given this is sat at a discount to cash with potential large scale fully funded drilling this looks ripe for a big move higher. Lets hope they use tomorrow's AGM statment to broadcast how cheap the company is. Should start the ball rolling for a major rerate.
If they have any positive news it has to be this week it is released surely?
I have seen nothing in regards to the shareholders but I would imagine they would be representatives from some of the majority shareholders?
Yes good luck, letās hope this is the turn point for Cluff/ Deltic and the positive news flow that theyāve been banging on about begins...
Mike hope you structured questions a little more subtly?
Looking forward to hearing about the progress
Nobody in their right mind would
1 Employ a CFO
2 Change Company name
3 Not take pay cut
4 Move office
Unless they knew things were extremely rosy and big developments were about to be announced
Stand by your bed folks I am waiting to hear all about it
Does anyone know who the 2 lucky Shareholders are?
Mike, and others, hope you have submitted questions!!