From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Cluff Natural Resources renews North Sea exploration tax plea - there is upside for the shares

By Robert Tyerman | Saturday 29 August 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Underground coal gasification (UCG) and North Sea gas play Cluff Natural Resources (CLNR) has called for drastic changes in the planning regime for UCG projects and in the tax treatment of exploration for resources in the UK North Sea. The AIM-quoted company, with licences in Scotland, north-west England and Wales, wants to establish a pilot UCG plant at Kincardine in the the Firth of Forth and is seeking partners to drill two appraisal gas wells in licences in the north-western Lytham Field ‘at no cost to ourselves’, having reduced interim losses nearly 8% to £745,000.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 16:14:39