Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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OHH why have LSE changed the way discussion boards are presented, this is almost like what iii did a few years ago ( tho not as bad) .... you don't fix something that is not broken!
And perhaps they were better than expected to keep balance
Not sure how bidders could be mulling over it, how could they have access to it without the company disclosing it first? Hopefully they will publish it this week . . . not sure why it has been delayed perhaps the results were not as good as expected but hopefully not.
rns said it was nearly complete,been 14 days since then imminent I would think.Maybe bidders are mulling over it!!!
Reserve update was due end of Q3 so about 2 weeks overdue . . . hopefully will be published soon and will be good news!
Nice buy good news must be on it way
Did any PI buy here?
Directors talk
There is a good interview with David Sturt on the half year results and future plans on ************* website released today.
The one thing I picked up on was the building of a drilling pad on licence 67 which will allow many more wells to be drilled and thus increase production dramatically (next door field on another lease with similar layout has over 200 wells with more going in and 35 million barrels taken out so far). The thing with this field is production costs are very low so it could provide enormous cash flow for its own development over next couple of years.
Offer 3.90p looking good here
sells 10000 buys 361000 tide is turning?
Reserve figures are imminent this will take off big time if they are what we expect imo gla
Anyone know how the tax system works in Russia,Does it come under the MET rules and hThks in advanceow much do PTR pay?thanks
May even get a reserve update tomorrow
One has to hope that they manage to open another couple of wells soon on Licence 67 to make the most of the lower productions costs and to really boost cash flow. If we can get to a thousand BOPD on that licence it could be transformational for the long term future of the company or in attracting a buyer with the reserves update
Irl-Investor that figure is BOPD and means the first quarter was lower production than 2nd quarter production. After fracking some wells the production increased on licence 61. Average production for the half year includes the better production in quarter 2
nothing to explain - Q2 production increased from 1967 bopd - 2091 bopd
Read the commentary on the H1 report ignore the figures for the past, this company is all about the future now and I like what I read so bought some more reserve update next then on to drilling more wells to increase production.
Can anyone explain how the H1 production for the 2 licences was 1,967 but the Q2 figure was 2,091. Did we produce nothing / burn 124 barrels in Q1?
Yes disappointing really but future looks much better with improving oil price, upgrade to reserves and better margins (export). Hopefully when the reserves/review comes out in Q4 we'll see an increase in the SP.
I am disappointed that with the improvement of oil prices and production that the licences are not making good profits at an operating level. I was hoping by the end of this year that the companies would be making enough operating profits to at least come close to covering their financing costs and to thus be generating good cashflow. I think this will happen on Licence 67 but looks very unlikely to be close on licence 61.
AQSE market trading size and volume is bigger and higher than normal days.
Great news with more updates due in the coming weeks -
Resource update
H1 results
Development programme for already producing assets
Exploration on a major field in L61
80% of the shares are held by the board and Tr1 investors so with so much news coming I don’t see many wanting to sell.
Great News. This keeps rolling.
Yes looks that way.
This is going to move quickly when reserves audit along with development program is announced.
Also making around $1 million profit monthly so should see a much improved half year results.
it seems it's GMIP converted it's loan to shares.