The Company's Founder, Algy Cluff, has extensive experience and contacts obtained during 40 years' of successful investing in the natural resource sector and these will be utilised to source suitable projects. The Company's first project, acquired in January 2013, consists of two Underground Coal Gasification ('UCG') Licences in the UK covering 11,100 hectares of Carmarthenshire and the Dee Estuary, on the North Wales/Merseyside border. Cluff Natural Resources intends to carry out a Scoping Study on the licences and identify an area for test production.
Cluff Natural Resources has an experienced Board with proven track records in identifying, operating and developing oil and gas and mining projects globally. The Board has a defined investment strategy centred on evaluating potential opportunities according to stringent criteria and on an individual merit basis. The Company is currently assessing a number of potential projects, which the Board believes could generate significant value for Cluff Natural Resources shareholders.