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 as follows: North Sea In the Southern North Sea the Company has 100% equity position in two highly prospective licences in the Southern North Sea gas basin. These ‘Promote’ licences were awarded in the 28th Round and have recently had their initial term extended by a further 12 months. Both blocks are in an area that has seen significant recent exploration success and a number of recent developments which have started producing. The Company believes this is an 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. In October 2016 the Company announced a Competent Person’s Report focused on P2248 (Block 43/11), which confirmed P50 Prospective Resources of 1.73 TCF associated with a number of prospects located across the licence including the large ‘Cadence’ prospect in the early Carboniferous and 3 prospects in the Bunter Sandstone. This brings the independently assessed P50 prospective resource across both blocks to 1.9 TCF. The Company also has a MOU in place with Halliburton which was recently extended for a further two years. Algy Cluff The Company’s Founder, Algy Cluff, has extensive experience and contacts obtained during 40 years’ of successful investing in the natural resource sector. In 1975, Algy was involved in the discovery of the Buchan oil field. The Buchan Field was one of the first discoveries made in the UK North Sea and is still producing to this day.
Stock ExchangeLSE
IndustryFinancial Services
CountryUnited Kingdom
World RegionEurope
ChairmanMr. John Gordon Cluff
CEOMr. Graham C. Swindells
Registered Year2012

  2017 2016 2015
  € m € m € m
Total interest income
Total Interest Expenses
Net Interest income
Total Net Revenue
Earnings per share      
Basic 246 187 155
Diluted 246 187 155
Total current assets 1,105.87 1,904.63 1,201.75
Other assets 53.688 53.688
Total assets 1,939.25 2,464.12 1,689.96
Total current liabilities 212.539 222.877 261.907
Total liabilities 212.539 222.877 261.907
Total Equity 1,726.72 2,241.24 1,428.05
Net income      
Net cash provided by operating activities 1 1 2
Net cash used for investment activities 0 1 0
Net cash provided by financing activities 2 2
Currency in EUR, All numbers in million.      

02/05/2018 – Holdings in Company
30/04/2018 – Preliminary Results
27/04/2018 – Holdings in Company
20/04/2018 – Subscription to raise £0.75 million
12/02/2018 – Change in Board Roles