Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Wasit10538- more like its idiots like yourself that make people laugh as you clearly haven’t done your reasearch on this share and just ramping. Why is it this boards are either full of rampers and derampers, each stuck in their own ways? This is not what these boards are about. And If you’ve never heard government wanting their cut and with BLOE specifically, then I would question what exactly you know about this share. As you’re so thick I’ll make it easier for you. Goto page 17 of this brochure which is directly from BLOE’s website, and you will see it with your own eyes.
http://www.blockenergy.co.uk/wp-content/uploads/2018/06/4-June-2018-CL.pdf
You do have to laugh at the shenanigans played out on AIM. Several posters begin by mentioning a unknown author commenting on BLOE whose piece cannot be reproduced on penalty of a £10,000 pound fine,then said author appears on the BB on a Saturday evening ( what's up Gary were the fish not biting today so you thought you would try a different pond?)to inform us that the Georgian Government will want their cut of the profits,.I've never heard of that before a Government wanting some of the oil revenue profits for their own country,how outrageous. Sorry gentlemen but no cigars.
It seems that some simply aim abusive posts at anyone they disagree with (in contravention to the rules of this site) rather than presenting any facts and I suspect they haven’t read the CPR, PSC etc, nor understand it. On the plus side Block do get to recover Capex and Opex, capped at 50% of revenue, prior to the profit oil split with the govt
Gary- I think a lot of people haven’t ready the PSC. Everyone goes on about the 700-1500 barrels per day, but fail to realise Block will only get 40% of the revenue and profits, whilst the rest will go to the government. That 700-1500 then becomes more like 280-600 barrels per day to work out the true profits. And guess whoose footing all the costs? We are of course. I genuinely hope there’s no delays of bad news here.
captain cod the guru
small man syndrome
Worth remembering that if and when that unrisked 2C gets converted to reserves, the Georgian govt gets a fair chunk of it as per the PSC (60% of profit oil after cost recovery). The rate at which the wells deplete will also be a big factor - given that they’re modelled on the Samgori South field which saw a significant drop off after the first 12 months
There is now a 4 well back to back programme and 3D, and update CPR will follow, for those waiting for banked reserves they will miss the boat, 16az showed the figures below are to be spiced.
This is also a 100% interest asset.
“38 MMbbls of gross unrisked 2C contingent resources of oil in the Middle, Upper and Lower Eocene and 608 BCF of legacy gross unrisked 2C contingent resources of gas in the Eocene and Cretaceous (Source: CPR Gustavson Associates : 1 January 2018).”
Wow so you can buy a share at a certain price and it can actually go down. You’ll be telling me it can go back up next.
Bedex, plenty of memorable natural resources ones for me spanning the past decade or so, was merely responding to the other posters suggestion that none of my tips had ever performed well. Like anyone else, I also get some wrong - the market is all about winning more often than you lose and managing risk/conserving capital so that you don’t get wiped out.
I’ll be more than happy to cover it again in the future as and when new facts emerge - I haven’t even been that negative on the company, but my personal opinion is that I don’t see decent risk versus reward from this market cap based on the current known facts, and if I was sat on a large profit I’d be derisking (as I generally do along the way on a lot of my longer term investments to manage risk).
What a load of *******s on this board. I have invested in here, two choices hold or sell, this latest analysis by share prophets suggest sell.
Phase 1 has been completed and I reckon that is where this author is coning from after his 3.5p tip. Phase 2 is about to start and will include a new updated CPR. Hopefully this author will then revisit his opinion.
Ah, all fishermen remember the biggest fish they caught and golfers the best shot they made. All the rest they forget. How about you garyn ?
Wawwwwwww gary Drop the Mic
what a stock market author
This company has done over 200% for starters since I covered it - I could also point you in the direction of a North Sea oil producer that is currently up around 2,400% from the level I originally tipped it at..: Not quite sure why you think the fact that one of my hobbies is fishing has any bearing on the validity of my opinion either!
what stock market success you had mr mackerel
stick to catching a bit haddock fella