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I know you are aware of why Ravenspurn sidetrack was important for CLNR in opening up a new carboniferous play in the SNS. All we have been told was that it was unsuccessful as it was a tight well. These figures suggest that Ravenspurn did significantly increase gas production after the side track was complete, therefore although the sidetrack development was unsuccessful they may have discovered significant gas which for a period flowed at commercial rates. Am i right Cham?

I think Chambery is trying to ask why would the Ravenspurn gas output increase to 293 MMscfd 2 months after the sidetrack was spud if they didn't, at least initially, recover additional gas??? RAVENSPURN NORTH PERENCO - Monthly Dry Gas Production (MMscfd) Dec 2016 (23) (Side Track Spud) Jan 2017 (24) Feb 2017 (293)

02-Mar-1817:06:502.075625,000Buy* 1.952.2012.97k

Its a junior oil exploration company, it's a gamble mate

Isn't taking much volume to get this moving

Placing will come if farm in doesn't by April, they've already mentioned they have enough cash until May, it really is crunch time this month.

Again, another company dishing out shares to board members despite not making a single profit.

If we are up tomorrow then this is genuine turnaround and could test 2.2 - 2.4

CLNR have previously stated hat they will reapply for the licences, they were pretty good licences at the time but CLNR got in just before they expired hoping for an extension. I believe there was a discovery on one of the prospects too.

This will go higher by the end of the day, maybe +12%?

just been offered 2.05 to sell 80000

Agreed. I bought my first CLNR shares about 6 months after IPO, it’s been a long and frustrating journey, I’ve made some profits and losses along the way but I still believe.

The risk for more bad news re revenue and placing is too risky to buy. I'm happy to wait and buy on the dip if one comes as traditionally the company delivers most of the good news in H1.

"The MOU will remain in place until 5 February 2018, unless terminated in advance by either party providing 30 days' written notice." So has it expired? Or been extended? As for UCG it is not banned, it's under a moratorium and that only applies in Scotland.

Extension and revision of MOU with Halliburton for a further two years to February 2018 to focus on the development of the Company's conventional assets in the Southern North Sea Times up?

Remember them relinquishing this licence they had 50% stake in? Well, it�s been back on the table for this latest round. Burgate has been informed that the Oil & Gas Authority ("OGA") will not grant an extension of the initial term of Licences P2253 and P2258 which means these licences will expire on 30 November 2016. The OGA has however indicated that it expects to make these licences available in the next Licencing Round which is planned for the first half of 2017 where the Company will have the opportunity to re-apply for the licences under the OGA's new more favourable "Innovate Terms".

�Reabold offers investors the opportunity to focus on the �Appraisal� part of the value chain of an upstream oil & gas project. This carries significantly lower risk than early stage exploration and a much greater uplift potential than development and production.� That�s us out then surely????.??

Thanks for your reply, would be an interesting comparison with the Cluff prospects.

Exploration, what are your thoughts on the Ravenspurn sidetrack well?

Is currently the same as the 2016/17 revenues. Assuming that the 2017/18 revenues are significantly worse, you can still price in the new technologies and potential for growth.