Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The value of those 1 billion barrels was extracted 5 times over while still underground or not. Lovely business plan. For that kind of money you can find any company to rubber stamp your illusion of oil and still have loads of left overs for doing absolutely nothing. I wonder how many 0 after decimal point is required to collapse. Don’t confuse me with someone that actually wants to make money here. Just want break even.
Desmond - the answer is simple - this is penny share investing not the £3.57 per share at Serica Energy where you invest!! These penny shares take a lot more bravado to invest in as they are massively higher risk. So rather than ridicule folk who invest here, either get back to your “safer” world or applaud the investors here who by and large know the risks they have taken and are just looking for the next Serica - after all, I bet you didn’t invest in Serica when they were a penny stock, you just joined when most of the risk had been taken out - so don’t come on here and criticise honest investors!!
More confetti shares, hilarious how people still fall for this! A billion barrels of oil at icewine pmsl
09:53
email = post :-(
09:29 just responding to email at 08:14.
Yes I can see potential significance of timing of release, but will IRR makes a significant contribution to whether CR achieves objectives or not...
Not sure.
Brom you miss the point, 88e have locked in a less accurate number, to do the promotion on. Why
08:14
As you say would have been more acceptable if based on licensed 3D, not sure what drivers were for compilation of IRR based on 2D but unless necessary for farm out negotiations?
Take it for what is, after all how accurate( reliable) is any IRR whether based on 2D or 3D, if we do get to drill in 2023 then borehole positioning will be based on modern 3D analysis.
See Broms on the ball....kill good news with a placing. Get in their Gilbo.
08:06
Trading Halt in ASX to enable CR
https://clients3.weblink.com.au/pdf/88E/02551594.pdf
08-06, Agreed, with what’s in the bank plus another 10m raised is not enough to fund a drill. Also interesting is this part..
The data used to compile the independent prospective resource report includes reprocessed 2D seismic data, basin modelling, petrophysical analysis of publicly available wells and historical geological records. The data was compiled and interpreted by 88E and was reviewed, validated and in some cases modified independently by LKA..
Well the 2D seismic data they’ve used in the past hasn’t resulted in a drop of oil out of the ground so far!
8:06 maybe Elko’s not involved this time :-)
Nice to see progress.
Placing covers costs for the forward 12 months?
Partner or further raise for drill funds?
3D seismic and data from last two wells. Looking promising.
Hello 0.4
Let's get ready to tumble.
Let’s get ready to rumble !!!!!
01.18 how would you raise money as an oil exploration firm then Scot? Jesus imagine you running this company, you wouldn’t want to pay for seismic and you wouldn’t want to raise money hahaha great business acumen
Farm out details and placing
Hmmmm.......I wonder what comes next? Answers on a postcard please! Lol
Not really an obvious question to ask. Rabito Who had access to the 3d seismic?
Asx trading halt also . 1.3bbl prospective in place Icewine East. Also half yearly accounts.
Still spruking for PANR - what’s in it for you? Who is paying for your sole?
08.17 Redbeardoil, nothing I have said would warrant reporting to the regulators. Ashley Gilbert is quite entitled not to take shares as options. Dave Wall and Erik Opstad were quite entitled to sell and I am quite entitled to discuss their sells on a bulletin board. When people claim that a company who has held the siesmic for 6 years without managing to sell it to 88e must know something, it’s an obvious question to ask what do they know that Ashley Gilbert, Dave Wall and Erik Opstad were missing or didn’t see enough value in to hold on to their shares or take up their options.
12:37 well said :-)
Hoping for success for both sides of the acreage
12.37- excellent, concise, common sense post, as ever. VGLA
12:37