11 Licences - UK's 28th Offshore Licensing Round

RNS Number : 4969W

Cluff Natural Resources plc

07 November 2014

 



Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources

7 November 2014

Cluff Natural Resources Plc ('CNR' or 'the Company')

CNR Awarded Eleven Promote Licences in the UK's 28th Offshore Licensing Round

Cluff Natural Resources Plc, the AIM listed natural resources investment company, is pleased to announce that it has provisionally been awarded eleven promote licences by the Department of Energy and Climate Change (DECC) on the UK Continental Shelf in the UK's 28th Offshore Licensing Round.

 The specific licence blocks provisionally awarded to CNR are as follows:

41/5, 41/10, 42/1

42/14b

43/3, 43/4, 43/5

43/7, 43/8, 43/9

43/11

All of the blocks are located in the Southern North Sea in close proximity tothe Breagh Gas Field.  The Company believes this isan under-explored, emerging area which is potentially responsive to the latest seismic and drilling technology, where fields can be developed quickly and infrastructure is evolving rapidly.  

Algy Cluff, Chairman and Chief Executive of CNR, commented: "I am delighted to report that DECC has provisionally awarded CNR these new licences within the Southern North Sea area of the UK. Whilst CNR already has a portfolio of eight offshore Underground Coal Gasification ('UCG') Licences totalling 61,274 hectares in the UK, securing eleven North Sea licences is a major achievement for our Company and further establishes our position as a natural resources focussed investing company and reflects our commitment to the UK and to the North Sea. This Company has a particular interest in the conventional gas sector as well as a determination to safely and cleanly convert offshore coal to gas."

**ENDS**

For further information please visit www.cluffnaturalresources.com or contact the following:

Cluff Natural Resources Plc                                                             Tel: [phone]

Algy Cluff / Graham Swindells

Panmure Gordon (UK) Limited                                                        Tel: [phone]

Dominic Morley / Adam James (Corporate Finance)

Tom Salvesen (Corporate Broking)

Allenby Capital Limited                                                                    Tel: [phone]

Chris Crawford / Katrina Perez (Corporate Broking)

St Brides Media & Finance Ltd                                                        Tel: [phone]

Felicity Winkles / Lottie Brocklehurst (Financial PR)

 

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