Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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£400k placing before administration?
I don’t know about administration but investigation springs to mind, SS has blatantly flouted and bent the AIM rules, to his own benefit, as in continually getting paid for failure, and stringing the investors along with fairytales…
WG818
This is the UKOG bb and if you had done your research you would know HH-2Z is the re-injector well and has been drilled.
Yes I get that Brillo, the vultures are circling . Who could benefit from which, hahum assets should be considered now.
The fat lady saying
Cannot sing any louder
Frigging come on, whats not to understand
I was referring to Angus not having planning permission at Brockham Ibug. If they could dispose 150 barrels a day at Brockham it would be win win. Angus increases the pressure in the reservoir and UKOG or whoever controls HH at the time wouldn’t necessarily need to drill that injection well…..just a thought.
WG818
https://planning.surreycc.gov.uk/Planning/Display/SCC%20Ref%202018/0152
"Retention and extension of an existing well site, HH1 and HH2 wells, and vehicular access to allow: the drilling of four new hydrocarbon wells and one water reinjection well; the construction of a process and storage area and tanker loading facility; new boundary fencing; well maintenance workovers and sidetrack drilling; and ancillary development enabling the production of hydrocarbons from six wells, for a period of 25 years."
0.02 trades incoming shortly with under 1m m/c. Unfortunately Sanderson is unable to be frugal and keep UKOG on life support like so many other AIM CEO's are able to do. If he had knuckled down and worked with the assets he had and not frittered away funds on Turkey and Hydrogen he could have kept this gig for a few more years. A terrible CEO who was given the job and was totally unsuitable for the position. Doesn't even feel the need to communicate with shareholders, tells you all you need to know really.
Just to add they have Environmental agencies approval for injection. Still can’t see an application for Planning permission for injection yet however which they require. …Birds of a feather these two.
ILS
Just a thought but Angus have an injection well at Brockham that desperately needs 150 barrels of water pouring down it fairly shortly to support the pressure. Could be a no brainier if it suits both parties?!?!?
I cannot see it being abled to issue more shares. It will certainly be heavily discounted. All value will be lost. If no one supports this raise, the next stop can only be administration. Türkiye was the killer.
That gusher down in Gatwick is non commercial. Who would buy a stake in it? UKOG could suspend the shares at any time. AVOID
So the HH Revenue pays Salmon slack's wages. tidy business plan that. Well done Steve. Thanks a lot.
Is it possible for a share price to go negative? I know companies liabilities are usually limited but in cases of fraud the creditors can chase the owners and as this has been such a fraud for years maybe shareholders will be chased for any outstanding debts once this goes under?
Shame UKOG don't keep much of that "£1m". 66% goes in "other costs of sales". They get a better return from their Horndean investment of 10% rather than the 85% of HH.
Wow gone to dust
At 40% = £8.125m if they can be used.
The Group estimated carried forward tax losses are £20,313,000 (2022: £16,421,000), none of which are recognised as a deferred tax asset.
Not sure on Administration but I could see the business being taken over for a nominal amount.
Horsehill still has oil revenue of approx £1 million per year.
I doubt they can issue more shares. No one wants them. So if they cannot issue shares there is no cash and it all folds. Better let it go. Do not put more cash here to support the lifestyle of the management who have failed. There never was a gusher. There was a water well which had a bit of oil with it. NEVER COMMERCIAL. Shareholder led up the garden path and deceived. Avoid any company that gets support from RiverFort Global Opportunities PCC Limited and YA II PN Ltd ("Investors") These people seem to just make matters worse. God knows how they make money from this but they do or why do it? Do they push the price down and they get shares at a lower price? Surely it is time for ADMINISTRATION
Why the hell did you people give authority to issue more shares? Downward death spiral by the usual backers who in my opinion look like they forward sell then buy into the heavily discounted share issue. So what is coming next guys? Can you work it out? It cannot be hard. You are all going to be diluted again. Would have been better for all not to have given the company any more authority to issue shares. They need more money now to keep the gravy train and the life style up. Share price to continue to fall to nothing.
Sanderson hasn’t just had the shirt off everyone’s backs he’s shaved them and took the hair too, there is absolutely nothing left he’s had the lot
I'm afraid so. PIs' investments are Down The Dustpipe, after having fully financed Scamderson to be able to be Living On An Island.
As for PIs being able to join Salmon Slacks, all he's paid out for is tickets on a Paper Plane.
The day is coming when he'll have nothing left other than to roll over lay down.
;D
Mcap nearly under £1m
Ribina