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 play (UCG) Cluff Natural Resources (CLNR) will look for partners after the award of 11 ‘promote’ licences’ near the Breagh gas field in the southern North Sea. The AIM-quoted company has also issued its first formal resource statement, of 335 tonnes of coal overall with more than 43 million of them judged suitable for the UCG process, for its wholly-owned Kincardine licence in the Firth of Forth.
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