Awarded Three Additional UCG Licences in the UK

RNS Number : 8370O

Cluff Natural Resources plc

12 August 2014

 



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

12 August 2014

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

Awarded Three Additional Underground Coal Gasification Licences

Cluff Natural Resources plc, the AIM quoted natural resources investing company, is pleased to announce that The Coal Authority, sponsored by the UK Department of Energy & Climate Change, has awarded the Company a further three Conditional Underground Coal Gasification ('UCG') Licences, Options for Leases and non-exclusive Exploration Licences for three offshore Deep UCG prospects at Durham North, Durham South and Maryport, totalling 30,393 hectares.  This is in line with the Company's strategy to potentially unlock the billions of tonnes of untapped and indigenous coal resources in the UK to help to secure the country's energy supply.  CNR now holds eight UCG licences in the UK, covering a total area of 61,274 hectares.

Overview:

·    Formal offer received from The Coal Authority for the award of 100% of a UCG Licence at Durham North, totalling 10,052 hectares, at Durham South totalling 10,338 hectares and at Maryport, totalling 10,003 hectares

·    All three licences are located in former coal mining areas with signficant historical datasets

·     CNR now has 100% working interest in eight UCG licences in the UK, covering a total of 61,274 hectares

·     These new licences will be included in the Company's on-going geological review of its portfolio with the aim of selecting the most suitable site for its first UCG demonstrator project

To view a PDF version of the press release with maps of the licence areas click on the following link.

Mr Algy Cluff, Chairman and Chief Executive of Cluff Natural Resources, commented: "I am delighted to announce the award of these three further licences at Durham North, Durham South and Maryport following on from the five UCG licences the Company was awarded in 2013.  It is well known that coal seams extend into the offshore waters around the UK and the technology now exists to develop the UK's most abundant indigenous energy source.  To this end we are in the process of commissioning the engineering and environmental studies required to support planning applications for our first demonstrator projects in the UK."

"Recent world events have further highlighted the major crisis our country faces in  terms of future energy security and supply.  I firmly believe a well regulated UCG industry in the UK will further diversify our primary energy supply, thereby reducing our reliance on foreign imports and exposure to fluctuations in global energy prices."

Further Licence Information

Following a formal offer from The Coal Authority, sponsored by the UK Department of Energy & Climate Change, CNR has been awarded three Conditional UCG Licences, Options for Leases and non-exclusive Exploration Licences for two offshore areas off the coast of Durham and an offshore area off the Cumbrian coast adjacent to Maryport.  CNR has a 100% working interest in each of these licences.

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/8370O_-2014-8-11.pdf

*ENDS**

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

	Cluff Natural Resources Plc
	Algy Cluff Graham Swindells		Tel: [phone]
Panmure Gordon (UK) Limited		Tel: [phone]
Callum Stewart / Adam James (Corporate Finance)
Tom Salvesen (Corporate Broking)
	St Brides Media & Finance Ltd
	Felicity Edwards Lottie Brocklehurst		Tel: [phone]

 

END

 

 

MSCLLFLRTAILLIS