Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi Tiburn
Apologies if I have missed this anywhere.
The RNS states:
"We are working hard towards finalising definitive agreements that can be signed after TLP-103C-ST has been successfully drilled"
Has the company indicated funds are in place for this drill?
And then hopefully all working out as stated the 25 million will fund everything else going forward after signing.
Thanks in advance
So have they done all the DD Tiburn?
Turner Pope presentation:
“ We have been approached by a couple of major players....that if we increase production from the Djeno and connect to the export terminal, they would like it for their refineries on the East Coast of the US..”
This agreement is far larger in scale.
Extensive due diligence has been completed by the international oil marketing and trading company, on all macro aspects, benchmarking, past regional investment performance and total access to all data that AAOG hold, including:
• Geopolitics and investment choices strategic modelling to evaluate return for backing Anglo compared to other global micro cap oilers in this pre production stage
• The 25 year licence award detail, as already supplied by DGH
• The full current status of the PSA detail agreed to date with AAOG and Oct final talks
• SNPC intentions and discussions to date, JB and his team intelligence gained to date
• Congo B oil industry in entirety DD
• Oyo region massive onshore oil find impact – four times current BOPD p.a expected in Congo B, allowing full investment in exploration and upfront drilling
• ISA bailout funds evaluation for SNPC ability to pay for drills up front
• Seismic and full historical data bank on Tilapia
• Benchmarked data on Mengo, Rzones and Djeno reservoir performance in region and context of Tilapia
• LGW wireline data from the TLP-103C drill
• DST post drill data analysis
• Geological modelling results in detail against the actual oil found correlation
• Geological model itself provided to test for the Offtaker
• Evaluation of future drill locations and spend profile to bring to production as already established by Anglo
CEO statement:
“Furthermore, with the Licence covering an area of 50.51 sq km, the Company has already identified multiple follow-up drill locations that can be targeted, once well TLP-103C has been brought into production to generate further cash flow. “
• SNPC oil sample testing and evaluation of Djeno to confirm 43 API reporting
• Detailed CPI reporting from Schlumberger, Nutech and Havoc independent summary on the reservoir quality being good to excellent.
• Mengo/Rzones specific bopd expected if this is required as a fallback position
• Sidetrack drill technical approach evaluation
• Overall 5 stage Production plan evaluation
• Review of AAOg technical team capability
• Current topside capacity and offtake arrangements
• Evaluation of Drill company sidetrack proposals received by AAOG
• Preferred drill company known status and capability, logistics and programme
• Review of all permits and permissions in place to go ahead with sidetrack
The offtake financer confidence to invest after their extensive DD, in turn creates further confidence for II in this investment.
The US$25 million following oil booked is just the start, it will be spent just as fast as JB can develop Tilapia - and then extended - as long as the oil revenue flows, all benefit.