Member Info for fairdealer20

YES,all they need is a majority of SH to vote it through. That will be easy with the Institutional investors onside and KNOWING the benefits

mike they could have called a GM. To have created a PRIVATE Company which implicitly involves Cluff Natural Resources, and not advise SH un til 6 months later is deplorable and urgent answer are needed. It stinks frankly

mike setting up a dormant co, is ok but why not do the name change for Cluff last autumn?

Send me an email on harrymasters2@aol.com

Incidentally a1m1 has picked up my research and used on ADVFN, I have no problem with that if he does some research which is factual.

Understand your angst Mike. Not sure the regulator will act until some detailed information is discovered. I sense there is much more to be found. Think of this would you invest millions in a company which over a period of months became worth much less than half of your investment? Unless of course you are aware of a Plan!
It needs a Forensic reporter who can dig and dig and then expose what is/has gone on.

It seems unlikely we (PI's) will have an opportunity to ask questions at the AGM, as that could be a platform to bring out PI's concerns

mike it needs someone to read Deltic's Articles of Association. It is quite a lengthy document. I have rarely seen such a long document when the intention we are told is to change the name o Cluff. Scooby thought Cluff had a bad name in the Market and that maybe this is the reason. If that is the reason, it does not explain why the BOD did not give some indication of the intention to change to Deltic.
Remember GS and co are putting the name change proposal down for SH agreement, in the AGM agenda. Are we being deceived, it is all very irregular.

No reason has been given to change the Company name which is odd.

The Remunerations Chairman should explain the methodology used to calculate bonuses and wages generally.
The company has 4 Executives and 3 admin staff. We are hearing nothing about Business Rates and or Rent Holidays. maybe Deltic are functioning?

This could be the softening up period......get the SP low, PI's get disillusioned and then come in with an offer above current SP

BINGO

It is certain this was planned before registration of the new Company (Deltic) in September.
The express Book=build in June which allowed MS and other Institutions to take up the offer which ultimately made PI's minority holders, is too convenient to believe a plan has been hatched sometime ago.
Hope I am wrong but when researched it does not look good

Mike you are right, changing a company's name does not require the creation of a new Company. It leaves a nasty taste.

Unless someone can show otherwise why were SH not informed some months ago

I suggest Deltic's articles of association are read as it mentions Cluff Natural Resources

Mike whether it is right or not, the fact remains PI's were not informed until 2 weeks ago.
How can PI's have faith in Directors who act in such a Cavalier manner
What else is being kept secret that PI's should know about?

Mike I do not know, but finding a company has been created some months ago and we ( mushrooms) are only told Cluff is changing it's name only a few days ago. My gut feeling is not good.

It would be good to get others opinions. Suggest the Articles of Association( Deltic Energy) are read.

Company created on27/09/2019 by Graham Swindells and Andrew Nunn
Company number 12232160

Read the articles of Association which are very extensive.

DYOR

Mike payment by results is fine. For a company, any company, not producing profits there has to be a more satisfactory method in rewarding Directors etc. The Chairman of the Remunerations Committee should specify the rationale behind reviewing pay. The remunerations committee met 4 times last year, which seems a disproportionate number of meetings. Why?
Relinquishing 2248 cost the company £800K. The people in control of CLNR are Accountants!!!

Maybe a better way to reward personell ( Directors) would be a % of Stock-market valuation calculated as the average SP over an agreed period.

Mike not sure what obligations Shell have in respect of Pensacola.

Mike it is quite incredible how the Remunerations Committee have made these awards. It could almost be a Gentlemans Club.

The remunerations Chairman is quite satisfied how awards are made.
For a Company to reward success ( profit, enhanced Shareholder value) is fine, but the reverse seems to happen here.

How these guys can sleep is beyond me.

Mr Swindells and Mr Nunn received a remuneration award amounting just over 10% or circa £20,000 each.

Shell have stated Capital expenditure, short term, is being scaled back. They have stated infrastructure serving Mid NS fields will be delayed, but so far as can be seen Southern NS projects (Selene location) is not mentioned. Obviously the lack of announcement before end Q1 regarding work plans is a concern and although GS statement indicates work plans continue as planned, questions remain unanswered.
The situation is fuzzy and needs a more specific statement from Shell.
Shell's Giant gas field, Gronnigan, off Holland, is being closed down earlier than planned due to Environmental issues being regulated by Dutch Authorities. This early closure will make other Gas supplies highly important. The question is when?
Industrial demand has virtually collapsed, domestic demand remains fairly static considering we are moving into warmer months. If the lockdown continues in some form or other, for many months, and a cold autumn and winter occurs, domestic demand will soar as it did 2 years ago with the "Beast from the East" when gas supplies were almost rationed.

Gas is a cleaner form of energy compared to Oil, which will face particularly difficult challenges. The Global Warming Brigade, having been silent for a few weeks are beginning to get active using the results of Population movement to some advantage.
AIMO

The way around it will be a vaccine or a effective drug to combat the illness once infected.
If the lockdown does continue as indicated, the Economy will be obliterated and the need for oil will considerably diminish, it already has to a degree.
I am hearing from contacts in Australia this virus will last 40 years. I hope to hell that is complete nonsense.
We have to depend Science will solve it as Politicians certainly won't

55018 if the prediction comes to be the whole World economy will evolve into something unrecognisable to what we know and many elderly, with or without Covid-19 will just give up. This is the very group who are the biggest Patrons of Cruises. That being the case hope your cruise vouchers have an extended life to say nothing of Carnival's survival.
As you say time will tell as always.

Pandemrix was approved by the EU and was used throughout Europe. It did have side-effects for some, and Compensation claims were discharged. There are few if any medical treatments which do not have side-effects, even penicillin.
Is it preferable to have NO Vaccine and allow the pandemic to take it's natral course as Darwin would advocate.

Of course, unless made Unlawful, one can always refuse the Vaccine created!!

Trial vaccine being tested on humans on Thursday at Oxford

royoboy, agree it is absolute nonsense even economic suicide, for the reasons I mention.