Proactive Investors - Run By Investors For Investors

Cluff Natural adds two more licences to UK gas portfolio

Cluff Natural adds two more licences to UK gas portfolio

Cluff Natural Resources (LON:CLNR) has picked up two more UK coal gas licences to take its number in Britain to five.

The new awards are for deep underground coal gasification prospects at West Cumbria (8,200 hectares) and Largo Bay (8,000 ha) in Scotland. With recent licence awards at Kincardine, the Loughor Estuary and the Dee Estuary, Cluff's total UK acreage now amounts to almost 31,000 ha.

The company’s strategy is to target extended coal seams offshore UK to extract syngas through underground coal gasification (UCG) to supply to power stations and to provide a carbon capture option.

Algy Cluff, chairman and chief executive said: “It is well known that coal seams extend into the offshore waters around the UK and with proven technology now available to utilise this energy source, we intend to embark on the process of extracting gas from these coal seams.

"It is our intention to seek the necessary planning and environmental permits to advance these projects with a view to production.

“Deep UCG has the potential to do much to address the UK's future energy needs, avoids the use of fracking and enables the gas generated to be easily controlled by the supply of oxygen."

Once planning and environmental permits granted, Cluff Natural intends to develop the licences towards production by a team including industry veteran Keith Leighfield.

View full CLNR profile View Profile

Cluff Natural Resources Timeline

Related Articles

Drilling rig
July 08 2019
The company is focused on a buy-low, sell-high land and leasing model in the SCOOP and STACK plays of Oklahoma’s Anadarko Basin.
Hurricane
March 01 2019
Hurricane Energy has gone from a conceptual idea to point of substantial production
A map of Buru tenure in the Kimberley region of Western Australia's northwest
March 22 2019
Buru’s chairman Eric Streitberg will speak at an energy and minerals conference in Brisbane next Wednesday.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use