Cluff Oil

Cluff Oil was one of the first successful companies active in the UK North Sea in the pioneering days of the 1970s and led the consortium which discovered the Buchan Oil Field, the 14th commercial oil discovery in the North Sea. Cluff followed this with oil discoveries in Australia, Canada, and the United States. In 1980, the China National Offshor... e Oil Corporation conferred operator status on Cluff Oil awarding the company two offshore blocks in the South China Sea and the Yellow Sea becoming one of the first foreign energy companies operating in China. The same year Cluff began a forty-year involvement in African gold mining which led rapidly to the discovery of major gold mines in Zimbabwe, including the largest measured by production Freda Rebecca Mine (100,000 oz per annum), the Ayanfuri Gold Mine in Ghana, and the discovery of the largest gold deposit in Africa for fifty years, the Geita Mine in Tanzania. Cluff continued to operate large scale gold mines in Burkina Faso as well as Cote dIvoire. In 2009, the company returned to offshore activity in the UK North Sea accumulating a score of licenses and negotiating a joint venture with Royal Dutch Shell in April 2019. Our Chairman and CEO, Mr. Algy Cluff OBE, is a pioneer in the natural resource sector, having successfully acquired, explored, financed, operated, and sold assets in eight different countries in Africa. He has a proven record of identifying natural resource opportunities in frontier markets and executing the operations sustainably and with the support of the host government, while generating returns for his shareholders. As a result, Mr. Cluff has raised and invested over half a billion dollars in his career and is highly regarded by the investment community. Cluffs exploration success coupled with our commitment to the African continent is evident from the above.Read More