Cluff Natural Resources is offering the opportunity for interested parties to farm-in to promote licence P2252 (blocks 41/5a, 41/10a and 42/1a) containing the Lytham, Fairhaven and Pensacola prospects. The licence was awarded in the 28th Licensing Round and following an extension is due to expire in November 2018. Lytham and Fairhaven are fractured Hauptdolomite prospects with a P50 prospective resources of 168 Bcf. Many similarities have been made with the Hewett field. The Lytham structure is a large low relief closure in the form of a faulted anticline. Pensacola is a large reefal build-up with P50 prospective resources of 424 Bcf and is thought to be similar to the Crosgan discovery. On 31 May 2018, Cluff announced that the OGA has waived its requirement for a farm-out to have been concluded by 31 May 2018 on licences P2248 and P2252. Therefore, both the Promote Period and the Initial Term of each licence will continue to run until 30 November 2018, subject to a drill or drop decision being made by 30 September 2018. Cluff can continue the farm out process in respect to P2248 and P2252, while also exploring various additional forms of financing which will support its aim of drilling one or more wells on these licences.  Cluff Natural Resources is the sole interest holder in P2248.    For further details please contact   Andrew Nunn â Chief Operating Officer    Tel: 0207 887 2630 & Mob: 07738846069    Email: Andrew@cluffnaturalresources.com
United Kingdom, P2248