Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
My earlier comments on T&T focus on water flood was specifically because without it depletion rates in the shallow oil fields are too great. Once the company has oil production at profitable rates they will be able to drill some wells to explore further and increase proven reserves. Hopefully success will come sooner rather than later but at this point nobody really knows.
I don't recall being "guilty of following Rainbow's track on depletion" My views on depletion are my own and would have been formed well before Rainbow started posting here. I do recall Celticheart and the multi id rampers at the time getting very confused between "depletion" and "decline" though. I posted clarity on the topic and contributed to the debate although it again was not appreciated.
Comparing companies with peers is vital. So it is absolutely necessary to look at companies you don't invest in. Who is operating the most efficiently, are companies profitable across the sector, what is the expected margins in the sector. Otherwise how do you find the undervalued ones. I think in the interests of having a dig, you have not really thought through what you just said.
Waterflood requires expert planning, large capital investment (pumps, compressors, pipes, tanks), ongoing maintenance and ongoing surveillance. Of course it is expensive. More to the point though, if you can't identify any other company profitably running a similar business model (brownfield with waterflood), then no point accusing me of not knowing what I'm talking about. At any time please do provide an example. regarding Columbus , formerly lgo, never been profitable in it's ,what ,11 years existence either.
Celtic, "Indonesia is a longer term play it is not the reason why we will become profitable in the shorter term" So yes you did quote that in March. It was at the time you were trying to shut down discussion about Indonesia at all. I don't understand your other bit about "quoting the same phrase" so can't comment on that
If you are going to quote me please get it right, I did not say Indonesia would not be profitable or give a timeframe only that the focus is currently on Trinidad with Indonesia being a longer term project. I see you still do the trick of quoting the same phrase over and over again, just as other posters did. Strange that.
murphy, Waterflood is a secondary recovery technique and expensive, thus reducing profits. CelticHeart also posted the opinion that indonesia is unlikely to be profitable anytime soon. So not just me saying that. Perhaps if you give me an example of another AIM company that you know of operating a very profitable brown field site, and we can examine the bbls-d and how much profit it makes from it. That would be helpful and help me understand what I have misunderstood.
Rexco "Hopefully the Indonesian investment will reap rewards fairly quickly and become profitable" I very much doubt that, in fact these little brown field sites are unlikely to ever be very profitable imho.
I think your point about the producing fields applies to the shallow wells but our recent result in the deeper Gros Morne sands indicates that we should continue to target the deeper plays, including the long awaited Herreras.
The company has changed strategy and returned to enhanced recovery for increasing production. This would indicate that the producing fields are no longer viable without water floods. Hopefully the Indonesian investment will reap rewards fairly quickly and become profitable. That leaves the oil field services of RRDSL which will be more successful with higher oil prices. The company is still in recovery mode and the share price will only recover when it becomes profitable.
Nice to see WTI making gains. Just hope they can hold for the next 6 months and with a hopeful increase in BOPD we should see some nice revenues through the door. The key as ever is getting the oil out, I still have concerns over the drop from Januarys average as Eva basically said wait for the update in the quarterlies. (Cant blame her but would be nice to be reassured over the reason). Would expect at this level we have to be pushing toward profitability. This will allow for successful refinance of the debt which is key over the next couple of years. Let's hope the quarterlies show a breakeven level, would be very nice to see some profit, then I think we are readg for an upturn in the SP. KRO
The 1 year forecast for WTI is now $78 a barrel which would bring it close to the $80 a barrel the saudis are suggesting. Currently the price is $68.34 and still inching towards that $70 a barrel mark. Lets not forget that less than a year ago we were sitting @ around $42 a barrel