Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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rabito stick around pal. It's good to have an 'outsiders' view and as you say no reason why both companies can't be successful. .....also DW does say in last preso that on success he'd hope the market would be ~500m (doesn't say whether Aud,USD or GBP) when they look to CR next or words to that effect.
Rabito79, please point me to the time that Dave says 3p please.
He says, if I remember, they hope to get perhaps 200 to 300 MMBO and that being sold at around 4$ a barrel.......which would be 800M US$ to 1.2 Billion US$.
So please, point to the exact time he says about this 500M AUD. Thanks.
Waiting.................
So are you saying that 88E shareholders are poorly informed? If I didn't know better, I would say that you are attempting to cause uncertainty!
POO is cyclical, and is only relevant on Production and not Exploration. IMHO, when the mind games between the Yanks and the Russians are over, prices will be restored to around the $50-60 mark.
What is your agenda I wonder?
Jiddy, yet it appears I know more about 88e than a lot on this board. All I am encouraging is people do research on their investments, that’s what brought me here. Just today I have learned more from garrym. Also it’s pretty quiet on the PANR board.
Pro, DW’s comments are from the presentation in November. Link below. He mention share price of $500M (AUS) on success, that was in $50 climate.
https://www.dropbox.com/s/pkn67ubzmq500pc/88e%20v6%20globe%20presentation%2029th%20nov%202019%203_1_1.wav?dl=0
Waiting for Rabito79 to provide the link to where DW says 3p.........
And still waiting...................
For someone that is NOT invested in 88E, you do talk a lot of Rabito!!!
https://www.youtube.com/watch?v=qGNojF9qKS0
In particular where DW says 3p
Waiting.............
Please post a link to back up this :
DW has already stated they will be raising cash post successful drill. He thought that would be around 3p,
‘I would expect 88E to farm out the other areas to PMO in return for free carry on a horizontal and perhaps also an appraisal of anything else they find this drill (like an Indigo appraisal, or Lima appraisal etc..)’
Don’t Premier already have an option on the central or eastern acreage. Which I believe is carry for Seismic ($7.5M). So what else they going to farmout? I would imagine Premier’s CAPEX will be under review in this climate.
DW has already stated they will be raising cash post successful drill. He thought that would be around 3p, it’s likely to be less now in my opinion.
Yes, DW said it would just be a small frac and flow test.
They just need to prove 100bopd flow - then the big test comes with the horizontals this time next year. I would expect 88E to farm out the other areas to PMO in return for free carry on a horizontal and perhaps also an appraisal of anything else they find this drill (like an Indigo appraisal, or Lima appraisal etc..)
OilAmylist I am pretty sure they are only going to do micro fracking not the full blown version this time around. DW state’s a flow rate of 100 bpd would be great. If fully fracked even for a vertical well that would be terrible.
Three days into the logging now and no RNS confirming the negative outcome. This is bullish. No unusual large selling. This is also bullish. By now 88E/PMO will be gathering the first of specialised data to deepen their understanding of a logged oil discovery to determine an optimum testing and fraccing program. They will then do a check trip to maintain the hole condition and then run the final specialist logs. Depending upon when they actually started, announcement could be Monday (if not Tuesday).
Not a home run yet, but signs are bullish.