Member Info for wordog

Just seen, that would explain things then.

Nilpeter3 on Twitter Algy Cluff, the dealmaker: Cluff Oil - massive Buchan oil field bought by BP Cluff Resources - acquired by Ashanti Goldfields Cluff Mining - renamed Ridge Mining - taken over by Aquarius Platinum Cluff Gold - became Amara Mining - merged with Perseus #CLNR 2.4TCF gas, in talks

Tempting to take some profits here, normally would, but farm in could come anytime now Hope I’ve made the right decision

Steady block buying going on here. Very encouraging.

In no particular order, m these are the most likely given the location of the Cadence Prospect and recent activities and statements made by these companies. Parkmead Statoil Ineos BP

SP has been a bit volatile recently.

No problem, took my initial stake at 2.2 a long time ago, sold half at 4p then topped up at 3 ish and 1.75 if I recall correctly. My average is about 2.5 as my largest top up was at 3. There you go everyone, full disclosure! It’s farm out or bust as far as I’m concerned too. Hope you all had a merry christmas.

https://oilandgasuk.co.uk/glossary.cfm

Farmer- Quite aware of the time constraints here, but everything is now set and negotiations are ongoing, it’s exciting for those invested. If you have the time to go back through my posts you will see I’ve been invested in Clnr before they even owned these licence blocks and were trying to get a licence to conduct UCG in the Firth of Forth!

The 2.4 TCF is the P1 estimate of gas in place across 2 licence areas, rather than reserves isn’t it? Either way, the Cadence prospect is quite sizeable.

It’s there in plain writing, Cluff is currently NEGOTIATING a farm out. It’s a case of how good the deal will be, rather than if there will be a deal👌

Cluff chairman and chief executive, Algy Cluff, said: “We are very pleased that the OGA has granted our request to extend both of our licenses. This ensures that we will be able to continue our farm-out negotiations from a stronger position, which increases the probability of the drilling of one or more wells on our licenses.“ “Our immediate priority, however, remains the creation of value for shareholders by securing the investment required to drill our two highly prospective P2248 and 2252 licenses, and we are in discussions with potential farm-in partners in this regard.”

I’m not convinced this company is worth £1.4 million as the current Mkt Cap suggests.

Sold half, Nice profit, I think this might retrace from here.

https://www.ogauthority.co.uk/licensing-consents/licensing-rounds/offshore-licensing-rounds/#tabs The above link will provide any info you need on it,

I hope we get a farm out before then, the announcement of the licensing round won't be until Q2. "PA2. Decisions are expected to be made in Q2 2018. However, this will depend in part on how many applications we receive and progress on other processes that have to be gone through including environmental clearances." The positive thing is that the government have already funded and completed 2D seismic studies of the areas available, thus de-risking the acquisitions.

Feeling smug after buying back in last week.

Lets be honest, it depends on the deal. If there are competing partners we would get the pick of the best deal, if there are not then we may be worse off. I think we could see anything from 6-12p

Massively oversold, just bought back in yesterday.

They will run out of money before then too. Last thing we need is another placing before the news hits.