Business
Awarded Two Additional UCG Licences
Awarded Two Additional UCG Licences.
About this update from Deltic Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1877K Cluff Natural Resources plc 26 July 2013 \n \n\n \nClick on, or paste the following link into your web browser to view the associated pdf document\nhttp://www.rns-pdf.londonstockexchange.com/rns/1877K_1-2013-7-25.pdf \n \nCluff Natural Resources plc / Index: AIM / Epic: CLNR / Sector: Natural Resources\n26 July 2013\nCluff Natural Resources plc ('CNR' or 'the Company')\nAwarded Additional Underground Coal Gasification Licences\n \nCluff Natural Resources plc, a company founded by natural resources entrepeneur Algy Cluff, is pleased to announce that The Coal Authority, sponsored by the UK Department of Energy & Climate Change, has awarded the Company a further two Conditional Underground Coal Gasification ('UCG') Licences, Options for Leases and non-exclusive Exploration Licences for two offshore Deep UCG prospects at North Cumbria and Largo Bay. CNR now holds five UCG licences in the UK, covering a total area of 30,881 hectares which provide critical mass to the Company's strategy to build a portfolio of high quality Deep UCG assets.\n \nOverview:\n· Formal offer received from The Coal Authority for the award of 100% of a UCG Licence at North Cumbria totalling 8,238 hectares and at Largo Bay totalling 7,796 hectares\n· CNR now has 100% working interest in five UCG licences in the UK, covering a total of \n30,881 hectares\n· CNR to apply for relevant planning and environmental permits in order to develop the projects\n· Propose to target extended coal seams offshore UK in order to extract syngas through the \n UCG process\n· Focus on supplying the resulting syngas to customers for a variety of uses including power \n generation and providing a carbon capture solution for carbon dioxide\n \nMr Algy Cluff, Chairman and Chief Executive of Cluff Natural Resources, commented: \"I am delighted to be able to announce the award of these two further licences at Largo Bay and Cumbria following on from the licences we were recently awarded at Kincardine, the Loughor Estuary, and the Dee Estuary. It is well known that coal seams extend into the offshore waters around the UK and with proven technology now available to u...