Cluff Natural Resources Plc is an AIM-listed natural resources investing company founded by Algy Cluff. To date, the company has invested in offshore oil & gas assets in the UK and is focussed on realising the additional exploration potential of this proven hydrocarbon province.
The Company has a significant equity position in a number of highly prospective exploration licences located in the Southern and Central North Sea. These licences were awarded in the 28th and 30th offshore licencing rounds and are located in areas that have seen significant exploration success and development activity.
The Company has built a strong portfolio of high impact exploration prospects which it is maturing towards drilling activity. The portfolio has a combined (audited and non-audited) P50 prospective resources in excess of 2.4 TCF spread over multiple prospects, trap styles and reservoir formations.
The Company’s core area is located in the Southern Gas Basin which contains five of the seven licences currently held, with the remaining two licences focussing on oil prospects in the Central North Sea.