Cluff Natural Resources, a UK-based and AIM-quoted natural resources investing company, has changed its name to reflect its transition in the company’s main investments into a more operational phase.
As reported in early June, Cluff and Shell remain fully committed to drilling their Pensacola and Selene prospects in the UK North Sea despite the coronavirus pandemic.
However, while Pensacola is slated to be drilled in the first half of next year, the Selene well will now be drilled in 2022.
Cluff also in early June announced its decision to change its name to Deltic Energy as it transitions into a more operational phase.
The name change proposal was subject to shareholder approval, which the company gained in an AGM held this month.
In an update on Thursday, Cluff said that its change of name has been effected by Companies House and accordingly the company has changed its name to Deltic Energy.
The company’s trading on AIM under the new name started with effect from today, 25 June 2020.
Graham Swindells , Chief Executive Officer of Cluff Natural Resources commented: “Following approval at our AGM we are pleased to be able to now confirm the formal change of name to Deltic Energy Plc.
“The name change reflects a new era for our company, the significant progress made in the last year and symbolises the transition in the Company’s main investments into a more operational phase following our farm-outs and ongoing partnership with Shell”.