Shell U.K. Limited Exercises Option on P2437. Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to announce that Shell U.K. Limited has today exercised its exclusive option under the option agreement dated 8 February...
RNS Number: 4523 X Cluff Natural Resources plc 29 April 2019 29 April 2019. The Company's AGM in respect of the year ended 31 December 2018 will be held at the offices of K&L Gates LLP, One New Change, London EC4M 9 AF on 22 May 2019 at 10:30.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Cluff Natural Resources Plc (CLNR.L) Announced, in its preliminary results for the year ended 31 December 2018, that its operating loss stood at £1.66 million, compared to £1.59 million in the preceding year. Loss after tax was £1.66 million compared to £1.59 million. The company’s diluted loss per share was 0.35p, compared to 0.46p
•Farm-out of Licence P2252 to Shell UK. •Option granted to Shell UK to farm into Licence P2437, agreed in February 2019. •Awarded six additional licences by the UK Oil and Gas Authority with effect from October 2018 covering 10 full and part blocks in the Central and Southern North Sea, in the UK's 30th Offshore Licencing Round.
Cluff Natural Resources (CLNR.L) 2.35p £13m Cluff Natural Resources, the natural resources investing company, announced that Algy Cluff has informed the Board of his intention to retire from his role as Chairman following the conclusion of the Company's next AGM. The Company announced that Mark Lappin, a NED of the Company since 2016, will succeed Algy Cluff as Chairman. Mark Lappin has over 35 years' experience in the oil and gas industry and, prior to joining the Company, was a Director in Centrica's Exploration and Production Company. Mark began his career as a Geologist at Phillips Petroleum and has held operational and executive roles with ExxonMobil, Cuadrilla and Dart Energy.
Cluff Natural Resources Plc (CLNR.L) Announced that Algy Cluff (78) has informed the Board of his intention to retire from his role as Chairman following the conclusion of the company's next Annual General Meeting. The company announce that Mark Lappin (57), a Non-Executive Director of the company since 2016, will succeed Algy Cluff as Chairman.
RNS Number: 9645 V Cluff Natural Resources plc 12 April 2019. Cluff Natural Resources Plc/ Index: AIM/ Epic: CLNR/ Sector: Natural Resources. "Since stepping down as CEO last year, the Company's executive management team, with significant input from Mark, have produced a tremendous platform for the next stage of activity and growth via the successful award of six...
RNS Number: 3232 R Cluff Natural Resources plc 28 February 2019 28 February 2019. Cluff Natural Resources Plc/ Index: AIM/ Epic: CLNR/ Sector: Natural Resources. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2428 Q Cluff Natural Resources plc 15 February 2019 15 February 2019. Cluff Natural Resources Plc, the AIM quoted natural resources investing company, with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, an nounces that it has been notified that IPGL Limited, a company controlled by Michael Spencer,...
RNS Number: 8285 P Cluff Natural Resources plc 13 February 2019. Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, announces that Algy Cluff, Chairman of the Company, has exercised options over 10,648,709 ordinary shares of 0.5...
Cluff Natural Resources PLC (CLNR.L, 3.6p, �20.8m) Update An outstanding achievement CLNR’s announcement of farm-outs to Shell on licences P2252 and P2437 in the SNS (Southern North Sea) Gas Basin is clearly extremely positive news. An outstanding achievement for a junior against a challenging backdrop for farm-outs in the North Sea and a validation of CLNR’s technical expertise. We regard CLNR’s initial 30% free-carry working interest in P2252 as a highly satisfactory outcome in the circumstances. The farm-outs provide a potential route to a medium-term drilling commitment on P2252 and a longer-term partnership with Shell in the SNS. Note, Shell is pivoting to gas. Significantly, Shell has committed to reimburse $0.6m of historical costs on P2437 which underpins CLNR’s near-term financial position. The key element of the work programme near term will be shooting 3-D seismic over the Pensacola prospect on P2252 during the summer of 2019. (Peter Dupont)
Cluff Natural Resources Plc TPI are pleased to announce the latest research note on Cluff Natural Resources (CLRN.L). Cluff has entered into a binding conditional farm out agreement with Shell UK Ltd in regard to Licence P2252 in the UK Southern North Sea whereby Shell will acquire 70% of the licence in return for paying 100% of the costs of an agreed near term work programme. Cluff has also granted Shell an option to acquire 50% of Licence P2437 by April 2019, which if exercised, could lead to the drilling of an exploration well with Shell paying 75% of the costs up to a cap of U$25m. Under the terms of the farm out agreement, Shell will acquire a 70% working interest in Licence P2252 in return for paying 100% of the costs of an agreed work programme to the earlier of 31 December 2020 or the date on which a well investment decision is made. Shell is also appointed as licence operator under the terms of the deal and Cluff will retain a 30% non-operated interest.
Cluff Natural Resources (CLNR.L) 3.95p �14.53m The natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, has entered into a binding, conditional farm out agreement and a three month exclusive option with Shell U.K. Limited in relation to the Company's Southern North Sea Licences P2252 and P2437 respectively. "We are delighted to be able to announce the farm-out of Licence P2252 and the terms of an option to farm out Licence P2437 with a partner of this standing. This partnership is a clear endorsement of the quality of the licences in our portfolio and demonstrates the Cluff technical team's ability to identify and transform overlooked or less understood opportunities. We are particularly excited at the prospect of embarking on our partnership with Shell with both parties sharing a commitment to further development in the Southern North Sea. Most importantly, we now have direct visibility over the route to future drilling activity, and the potential to create further significant value for shareholders.”
Cluff Natural Resources Plc (CLNR.L) Announced that it has entered into a binding, conditional farm out agreement and a three-month exclusive option with Shell U.K. Limited in relation to the company's Southern North Sea Licences P2252 and P2437 respectively.
RNS Number: 4367 P Cluff Natural Resources plc 08 February 2019. Farm out of licences P2252 and P2437 to Shell U.K. Limited. Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to announce that it has entered into a binding,...
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Company Profile

We’re Cluff Natural Resources Plc, a London based company investing in global resources opportunities with a primary focus on UK based upstream energy projects. CNR currently holds interests in a number of conventional offshore oil and gas projects.

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