Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good to see @Yanis2005 back, though after reading all the info, none the wiser!
It could be next week, or not, that is the problem when only being fed titbits, we have no idea how far along we really are. Agree that they do appear to be moving at a snails pace, but then how many of us are experts and on site?
Copy and paste this weeks hopes onto next week then...have a good w/e all, including those onsite, fingers crossed for next week!
They will be over the moon,Angus owe them a bleeding fortune.
https://mobile.twitter.com/JohnnieS_21/status/1558120462810550279
Yanis, most recent and most optimistic estimate issued by George re production from the two existing wells remains 5 million therms a quarter.
The Q3 hedge has as you quite rightly say been reduced by deferring a chunk of it into Q1 and Q2 - but all that's done is increase Q1 and Q2 hedged volumes to well beyond the 5 million therms a quarter level each (and as you know, they started higher than that amount, just like Q4 this year also does).
So yes, it remains all about the sidetrack.
BV, you need men on site. I hope they have enough bodies as they physically have to tweak things.
Yanis can we presume all you mention is done remotely without men on site.
Ok guys, signing off - have a nice weekend all.
The hedge should not be an issue as GL would negotiate shifting a bit more to later quarters. Mercuria will be happy with this since gas in later quarters is more expensive.
We need to be producing this month though to give time for the sidetrack.
Utter sxxxe
What year.
So, according to today’s tweet we have gas all the way to the J-T package. Therefore, we still have the J-T package, Condensate Stabilisation Package and fuel skids/power generation to commission.
The latter could be commissioned whilst producing.
Once the J-T package is completed then they will probably do the condensate stabilisation but the two could be done in parallel. After this they will need to flow gas through the train and do all the adjustments.
Can be done in a few days if they work efficiently, but so far they have been moving through the system extremely slowly, so it could take another week maybe more.
Yanis, HITS will be crying in his soup after that very positive post, an excellent post Yanis.
So if the second stage compressor requirement has been deleted then is one less item to commission.
HITS, as per the PFD we have a First Stage Compressor which takes suction from the Production Separator and feeds in to the Dehydration Package which then feeds into the J-T package.
The Second Stage Compressor takes feed from the J-T package and raises the pressure up to export pressure and on to the NGG pipeline via export metering.
If it is only one compressor installed then this must be the First Stage Compressor., so the Second stage compression is deleted (funny that is not in the latest plan, maybe covered in notes).
If the second stage Compressor has been deleted then it means that the J-T package operates at export pressure.
The installed compressor would be sized to accommodate all the SFB flow (10MMSCFD + margin).
Apparently only one on site and configured for the moment, Yanis.
I suppose that they'll wait to see what happens with the sidetrack (whenever that attempt gets made) before bringing in another. Not much point having a second compressor otherwise.
DoneK, thanks but it has the same PFD as the one that I have.
According to this PFD we have two compressors; 1st stage and 2nd stage. Also a booster compressor to be installed/used in the future when the field pressure drops. However, GL has been talking about only one compressor for now.
As far as I am aware, , GL said that we are only installing one compressor now - anybody else hear this?
Paul, no. I am looking for a link to the documents in the EA/Planning application.
asher, nice to see the mutton chops getting slapped lol!
Yanis, welcome back old friend! Does the link shared by Donek above help?
Hi Yanis how's things going mate!
360Phil, nevermind RT's prediction, Shareflyer 'promised' us 10p months ago! He's a visionary!
Hits/Ruth having a melt down on both boards :-)
SHAME
It’s coming :-)
Paul,
You asked me on Twitter to comment on where I think commissioning is. It will help a lot to assess if we have a Process Flow Diagram of the gas plant. I’ve only seen one PFD which was submitted in the initial planning application and that does not appear to correspond exactly with statements made by GL since. Does anybody have a link to the latest application submitted to planning/EA?
Donek the rattling comes from the 2 brain cells hitting each other.