Member Info for Ducatti

@AIMIA The Situation here is that we are looking for a Farm in partner to help drill the prospect. Todays RNS provides shareholders with the security that CLNR has ownership of the prospect licenses for another year. An excerpt from todays RNS "The Company has received interest from a number of parties viewing the data room for the farm-out process in respect of P2248 and P2252, and CLNR remains in dialogue with those companies who have shown interest in the portfolio to date. " As the North Sea was mentioned in last weeks Budget talk - Tax benefits for takeover and mergers - we are all good to go.

"Gas licences, P2248 and P2252, which are estimated to contain combined net P50 prospective resources of 2.4 Trillion Cubic Feet of gas, will be extended, subject to the achievement of certain milestones, for a further year." 2.4 TCF, not BCF.

riche, how long do you think it could take? I think we could spike to 5-8p within a week, possibly more.

americus. India was never a superpower lol. the USA is Britain, where do you think the citizens came from? They came from the same place as the ones who setup infrastructure there. India will only take whatever it is allowed to take.

We reached 6p before the CPR, so after Farm in partner found likely to be 8-12p. We also have some broker ratings of 12p.

Also it wasn't badly managed before lol, The "strategic" part was AAZ brought another mine(Ugur) into production mode. Which will now mean the company is producing more than it was before.

Strider4, hate to say it mate but you are going to be completely wrong on this stock. Regardless of your point about being in profit or not, and whether right or wrong, the stock market on a whole isn't that simple. Its appearing that you pretty much just want to bash the stock, but w/e dude... don't take it all so personal. Lets just wait and see how it all pans out.

21st November 2017 - http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-42064374 "Oil giant BP has agreed to sell its interest in a number of North Sea assets in a deal worth about �300m. Serica Energy has bought into the Bruce, Keith and Rhum fields. . Serica said the deal would make it one of the leading British independent oil companies. Subject to approvals, the sale is expected to be finalised in the third quarter of 2018 BP said it remained committed to the North Sea, and would continue to invest Bernard Looney of BP said: "We remain committed to the North Sea and continue to invest. We expect our production there to double to around 200,000 barrels equivalent a day by 2020 through new projects like Quad 204 and Clair Ridge. ." Seems to be alot of activity going through the North Sea. Also interesting how the deal goes through in 2018, which will see the tax benefits applied in todays Budget talks.

1st November 2017 - http://www.bbc.co.uk/news/uk-scotland-scotland-business-41831164 "Shell has completed the $3.8bn sale of a package of North Sea assets to Chrysaor following the approval of regulators and stakeholders. The package includes Shell's interests in several fields - notably Buzzard, Beryl, Elgin-Franklin and Schiehallion." Looks like the activity is gearing up. Only a matter of time before CLNR is next.

22nd November 2017 - http://www.bbc.co.uk/news/business-42060090 "Chemicals giant Ineos is making a move into deep water oil and gas exploration in the North Sea. Ineos has bought a majority stake in two exploration licences in areas far to the north of Shetland, thought to have strong prospects for gas reserves."

We will find out precisely what benefits the North Sea will be getting from Philip Hammond in 2017's Budget. Hope they are significant.

Why did the share just jump 11% on nothing?

Gold Production up 300% in Azerbaijan. https://report.az/en/industry/azerbaijan-triples-annually-gold-extraction/ "The gold and silver production in Azerbaijan has increased. In January - October, 5 107,5 kg of gold were extracted in the country which is 3.2 fold greater than the corresponding period last year. The silver output increased by 42.2% ion annual comparison and totaled 433,5 kg. Currently, the gold mining in Azerbaijan is carried out in Dashkasan by AzerGold CJSC and Gadabay district by British Anglo-Asian Mining company." AAZ is responsible for alot of that 300% rise, more likely down to the Ugur mine. We are definitely going to have higher production numbers in the next RNS

More from http://www.cityam.com/276013/north-sea-investment-set-boom-if-budget-produces-tax-change "A change would allow buyers to reclaim the costs of decommissioning wells, making buying and selling mature oil fields more attractive. Oil & Gas UK says the move will save taxpayers millions by prolonging the life of older fields, thereby deferring decommissioning, and save the Treasury an average of �10m per asset in deferred tax relief. Hammond said North Sea tax reform was the top request of his Scottish colleagues, and he added that the Treasury would make sure it doesn't "inadvertently create scope for gaming" the tax system. Deirdre Michie, chief executive of Oil & Gas UK, said tax reform would extend the life of the basin. Mature assets have attracted private equity funds and smaller producers who are able to use new technologies and techniques to extract oil out of older fields, but Michie said the current tax position is blocking potential deals. Michie said: Transferable tax history would boost the number of mature field deals we are seeing in the North Sea. This, in turn, would help bring fresh investment into the basin, generate new production and provide extra tax revenues for Treasury. In his Spring Budget, Hammond unveiled new measures to review tax relief to maximise the North Sea's remaining reserves, but he was criticised by industry players for his lack of urgency in the matter. " The very last sentence seems important, if Hammond has already been criticized for lack of urgency, he should feel obligated to get the ball rolling fast

Guys. If anybody is aware of Staff who's sole duty was to work within the DPD department at PROX - As DPD is now gone, do PROX have staff receiving salaries they shouldn't be? Perhaps we should plan for a similar strategy as we did with John Kennedy? The stage the company is at, we need all the help we can get. Redundant workforce.

Posted 19th November 2017 http://www.thetimes.co.uk/edition/business/hammond-s-budget-bid-for-40bn-north-sea-oil-bonanza-sk6v9jwjd# "The chancellor is poised to throw a tax lifeline to oil and gas producers this week in an attempt to unleash an estimated �40bn of new North Sea investment. In his budget speech on Wednesday, Philip Hammond is expected to unveil a plan to revive the industry, which has been hammered by a halving in the price of crude. Since 2014, the number of people working in the oil and gas business has fallen from 464,000 to 302,000." Looks like on Wednesday we should get the plans.

Haven't had an update for coming up to one month. Normally having around 2-3 RNS a month we are overdue here. Alot of good news expected

Tbh, it should be obvious that you register the company name. It is of no surprise to me that the idiots at proxama wouldnt do it ass about face. Its like putting a patent on something years after you made it then complaining everybody stole it. Nice 10% drop today, John Kennedy ruined the company already.

Did anybody attend the AGM? If so what was the vibe you got, Did any shareholders ask Algy questions re the farmout?

I think pretty much every shareholder here is in negative. Just had a re-read over the old RNS's. On 21st November the license round closes, with results expected Q2 2018. Algy's sentiment has changed from good to bad though. The data room started with significant interest, and now we are being told the farm out may take longer than November and that sustained renewables are taking the limelight from the southern north sea. Hope Algy pulls it off. if not screwed to be honest.