Cluff Natural Resources

Company Overview

Cluff Natural Resources (CLNR) is a London-based and AIM-listed natural resources investing company. Its main focus is oil and gas exploration in the Southern North Sea. CLNR has assembled a high quality portfolio comprising a 100% equity interest in two licences in the Southern North Sea Gas Basin. CLNR has an independently assessed resource base that comprises a total P50 prospective resource of 2.4TCF (c. 440mmboe), with 6 drillable prospects over 3 proven and producing stratigraphic intervals. 

An active farm-out process is being pursued to attract a suitable funding partner and leverage CLNRs 100% equity position. 

In addition CLNR has applied for further licences in the OGAs 30th Licensing Round (expected to be announced in Q2 2018) which has the potential to materially expand CLNR’s portfolio in the region.

Date Reports Available Download
6 December 2017 Licence extension provides more time to secure farm-in 3 page note available
20 September 2017 Grounds for optimism concerning a farm-in 3 page note available
19 June 2017 Further de-risking supports SNS farm-out 24 page note available
10 Nov 2016 Resource update 16 page note available
5 July 2016 Update 34 page note available
7 January 2016 Trading update 17 page note available
3 December 2015 Substantial North Sea resource base 2 page note available