Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Let’s hope we get some news on drill soon
Indeed it would be a game changer for eog
20% of 1.5 tcf gas would be a complete game changer for pretty well anyone!
I've communicated this to WH.:Just get a deal done!
20% of 1.5 tcf gas is a complete game changer for us.
In the past it’s been the Majors interested in these licences. We never found out what percentage we were being offered in 2019 by the Major for Inishkea, but free carries don’t come cheap on this type of drill cost. DNO for Edge (next door) did a 20/80% deal with CNOC before the Irish Gov messed them up as well. Still even 20% of a successful Inishkea is massive to EOG.
Interesting .
I also think i3e might ( as part of the Serenity deal) have an option on a piece of Inishkea.
they are targeting farm out by year end so not long to wait if it happens. vermillon surely would we involved, any thoughts anyone whether i3e could take a chunk. hoping eog keep 30% and 2 others farminees take 35% each. amazing value here i fancy. i wonder whether they now won’t drill extra well into ashover grit and first drill broughton north first to see how water cut plays out for a few more months and 2nd drill into *****tone flags. i think there’s another media thing in a couple of weeks which might give a boost to sp. did the sp double bottom last week. if not must have been close
A massive play that no one seems to want part of ??
Inishkia a big play look at links
Https://twitter.com/chazers8/status/1695150677784170714?t=RG5qG91mwPpQnDDEea_9Fg&s=19
Well worth a revisit ...
https://www.europaoil.com/wp-content/uploads/2021/05/InishkeaRNSslidepack_000.pdf
Serif a bigplus if it goes ahead imho
Does anyone have a view on the gross value of a success case Inishkea drill?
Ireland is the “hope” project, and if it fails people may sell out but that would only lead to the value/SP gap on Wressle appearing more stark - and a takeover bid more attractive and likely to succeed. So perversely failure in Ireland could lead to an opportunity and quicker monetisation for remaining shareholders.
We are trading at 50% of the Edr read-through valuation which is an absurd discount.
The board have had their new venture ambitions and fresh equity wings clipped at the last Agm which promoted SO's demotion.
Serenity is down to i3e monetisation event.
Inishkea has a good chance of a farmout ( but not on great terms) or a retained economic interest deal. Whatever the deal we must grasp it.
Just for balance it's precisely 7 years since eiuropa identified the gas prospect's around the corrib license area. It was the reason I initially invested back then. Still all to play for here. As tovoc says something has to happen before January 24.
WH is presenting again Sept 7th.
Will be interesting to see how hard Inishkea is promoted.
Fully agree with you Tovoc. You may see a lot of heavy selling if Inishkea farm out fails.
Our biggest potential company maker Inishkea, has been dangling over our heads for over 10 years now.
It's the only asset Europa has that has kept me a shareholder.
I'm glad that by Jan 2024 that the string dangling this carrot will finally be cut; with one of two outcomes:
1) finding a farm out partner
or
2) Handing the licence back as it expires around Jan 2024 because we haven't met the terms of a definite drill.
IMHO
Agree the risk reward proposition is compelling but the political dimension narrows down the field of interest to the current operator and associated equity of Corrib.
I think we will get a deal over the line but the terms will be more like 20%. Still, any JV would be a major win.
March 2018 rns :
Hugh stated Inishkea drill cost at US28m.
Is retaining 33% and a free carry in a JV one well exploration drill with Vermillion or other major realistic? I don't see anyone other than Vermilion taking on the political risk.
I wish EOG would set a record sky-rocketing the SP.
lol !
Lots of buys today aswell
Special dividend would be nice
Serif here's some analysis I did based on RNSs and NSTA data. the numbers suggest a drop in July - not necessarily permanent of course, perhaps they had downtime to fine tune the separator?
EDR RNS 24.02.23 - 357'838 barrels to 31.01.23
NSTA data
02/23 770.860 x 28 = 21'584
03/23 769.884 x 31 = 23'866
04/23 770.613 x 30 = 23'118
05/23 778.556 x 31 = 24'135
Total up to 31.05.23 = 450'541
EDR RNS 03.08.23 - 492'876 barrels to 31.07.23
conclusion: 61 days for Jun/Jul = 42'335 or 694 bpd
UJO RNS 14.06.23 - Oil production stable at approximately 780 barrels per day under restricted flow
"if" 780 bpd was the av. for June that would give a July av. of 611 bpd