Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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My guess is CLNR Shell have applied for P2248
I can’t imagine anyone in their right mind even considering a name change unless you were pretty certain that the licences will be drilled
Could be wrong but surely the directors have more about them than to do that
I think they have to drill Pensacola FD
Salene is drill or drop the terms of Pensacola are very different
I do wonder if the 32 round joint application is also with Shell and they are awaiting the results of that before making a decision to drill
Pure speculation as usual
mike pretty certain your first 2 requirements are 90%, not sure about pensicola
I don’t care what we call ourselves I won’t begrudge director’s their remuneration on one condition
Selene drill decision being positive
32 round being positive
Pensacola drill decision being positive
Anything less and the name change and remuneration will have been too soon
Stock CLUFF NATURAL RESO ORD GBP0.005
Event Type Name Change
Description Name Change
Old name: Cluff Natural Resources PLC
New name: Deltic Energy PLC
Meeting date: To be announced
Cluff Natural Resources PLC is proposing to change its name to Deltic Energy PLC. This is subject to shareholder approval at the company's Annual General Meeting, the date of which is yet to be announced.
The effective date has not yet been announced however, if approval is granted, the change of name should take effect soon after the meeting.
News just got a notification regarding Name Change from Cluff to Deltic Energy
Creeping up
You may just get 20% of your original investment .
My advice , for what it is worth , keep off the cheap plonk from France sold by Lidl .
My birthday tomorrow but do not bother with presents , cards or gifts of cheap French plonk from Lidl , or anywhere else for that matter .
Really happy GS took the trouble it has been a horrible time all round
Cheers
Now we know we are all in this together, let’s try and stay tight guys, let’s not let anyone conquer and divide us, chaos amongst the ranks ok?
Anyone has a worry let’s try and help them, as there is enough stress out there without others causing it here, or our own minds running away with scenarios!
Let’s all do this journey together, would hate for anyone one of us to not make it through this, stress is the biggest killer!
Stay safe !
It certainly goes a long way in helping me
Thanks
Thanks Scooby. I'll say no more.
Mike hope that puts your mind at rest pal!
Well that was decent of GS to come back to you so quickly
Thanks Scooby
Hi Guys
Well I got a Reply
Here it is
Thank you for your enquiry.
By way of background, the idea of changing the name of Cluff Natural Resources has been in discussion since our former chairman announced his intention to retire in April 2019, having stepped down as CEO in March 2018.
Having decided upon the proposed name, Deltic Energy Ltd was created as a wholly owned subsidiary of Cluff Natural Resources Plc late in 2019 simply to reserve the Deltic Energy name in advance of the most appropriate timing to put the proposed name change to shareholders for their approval.
It was not considered a good use of time or money to convene a separate General Meeting at that time simply to consider a singular, non-urgent issue, hence the decision to wait until the AGM.
In terms of the legal process, we were advised by our lawyers to reserve Deltic Energy as a subsidiary of our Company in order to protect the name and to avoid any third parties registering it between the time that we announced the name change and the date that it became effective. If the change of name resolution is passed at the AGM, Cluff Natural Resources will change its name to Deltic Energy plc and Deltic Energy Limited will be dissolved shortly afterwards This is entirely normal when a listed plc changes its name.
The proposal has yet to be put to shareholders for their approval and this will be done when the AGM is convened. There was no requirement to include this in the results statement last week; nonetheless we felt it was appropriate to state this in advance of the formal proposal.
As well as being highlighted in the Final Results RNS, the Deltic Energy re-brand was given a full page in the revised Corporate Presentation which was uploaded to the Cluff website on the same day and publicised on various social media platforms. The proposed change of name will however be given due prominence at the point when the notice of AGM is sent to shareholders for their consideration.
I trust this helps you understand the background and that the process Cluff has followed is entirely standard in these circumstances.
Regards
Graham Swindells
Cluff Natural Resources
5-8 The Sanctuary
Westminster
London
SW1P 3JS
www.cluffnaturalresources.com
DD. 0207 887 2630
Description: Description: Description: http://cluffnaturalresources.com/images/logo.gif
FD but surely as it’s employees of Cluff that have started the new company, they are in charge here as caretakers are they not? So who will they take care of? Us ? Themselves?
I think I understand and I definitely think I know who has the controlling hand
Not exactly Mike, what it indicates to me why go too so much trouble just to change the name to Deltic. Company's change name all the time and it does not require all of this without there is an agenda!!
Your shares are still worth what the market is prepared to pay...supply and demand.
As a private company, for instance, if is to happen, we might get a generous offer from whoever controls Deltic or our shares are transferred to the Private company, where there is NO share market and if you find a Private buyer the Directors reserve the right to Vet the transaction.
Ok someone will say Cluff controls Deltic, but who has the controlling holding of Cluff???
Thanks FD I cannot pretend to understand but basically what you are saying is that we will be forced to sell on the cheap after all this time?
Mike considering these are the articles of a PRIVATE company, it is quite elaborate. Share transactions require the prior approval of the Directors. They wish to know who the buyer is and can take up to 2 months to give a decision and can ultimately determine who buys.
There are far more details, but these are, as I see it, the important points and give a flavour of the thinking..
These are common conditions for a PRIVATE company, not a PLC.
It is a hell of a lot of trouble to change Company name.
I do suggest readers look at the Articles specified and make your conclusions.
DYOR
FD
Can’t get a PC atm please enlighten us all
Deltic Energy, Articles of Association, if interested read articles 47-51.
Sorry Mike,
Mike don’t worry yourself into an early grave mate, seriously let’s just take this one step at a time, nit worth jeopardising your health over dude!
Stay safe
Stay strong! ??