Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Last June TGS who are now reprocessing the 3d which covers our license, commenced a 50,000
square kilometre seismic survey project for which includes the entire offshore area Timor Leste
we made our placing to increase equity in SundaGas 24th , the latest Timor Leste Oil and Gas
conference was held 25th/26th March, that included key guest presentations slots by our
now majority owned SundaGas on the Chuditch Discovery and CGG 2 slots one being a big
presentation on exceptional data quality seismic data on all Timor Leste offshore and the
prospects available (must be the below by same TGS now reprocessing our 3d) if the 2d available
now for the license round , must be this from last year commenced June -
TGS Announces 2Dcubed Seismic Project to Cover License Round Acreage Offshore Timor-Leste
Home Investor Relations Press Releases TGS Announces 2Dcubed Seismic Project to Cover License
Round Acreage Offshore Timor-Leste
Asker, Norway (17 June 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced that in collaboration with the ANPM, it has commenced a 2Dcubed seismic data project covering offshore Timor-Leste, in support of the country’s ongoing license round.
The project combines all available open file and TGS multi-client data across an area of over 50,000 square kilometres
The data 2d would appear to be out there, so although we wait for our 3d, Industry players
could come a knocking from seeing the licence round data room 2d seismic
:))
The exchange will sort them out for true volume number of trades for the share stats
pages on header page - trade recap to view
Usually a low volume place holder in for 1 or 2 days or sometimes 3 if not updated until
after the weekend having removed all the messing about adjusted same trades etc
on one of my other shares recently the running total at the end of the day listed on the
exchange was approaching 3 Billion shares , the official figure release a couple of days
later was sub 2 Billion shares
so for those keeping a note book
always look at the date , have seen prints delayed for 3 days and printed with original
date and time of placing some of those for millions of pounds
look at the front of the trade, the exchange will have a cancel flag at the end of the line
3rd party sites usually have a - minus in front to cancel that trade
as in previous quite often get cancellations next to a correction of same time stamped
trade , either correction to price and volume revised up or down
continuations same thing reprint of an earlier trade followed by a - cancellation of that
trade and hot on its heels a replacement increasing volume of trade and most commonly
time stamped the same as the original
Which is what I think we have been seeing here the past few session on Boil as all fits but
the replacements higher update volume trade replacing the cancellations not being time
stamped with original placing time
Have followed a continuation trade previously into the next day in the past , that one was
easy cancelled and increased 5 times on the first day , then the final one published the
next day but in that case all 14 trades involved carried the same date and time stamp
:))
same sort of strange ones yesterday, normally you when churning get rollover trades
so reprints cancelling the original then a new increased amount new print with the old
time still on it, so keep cancelling and upgrading as the day go on
the earlier 70m was cancelled just in front of the 126m so thinking that might be a
continuation trade increased volume from 70m to 126m but did not reprint with
the original time ?
those big cancelled trades late yesterday and the new print 308m trade same thing
I think
As said yesterday the official volume figures added to trade recap pages for stats on day
week/month volumes number of trades etc, quite often vastly different to the tally that
is displayed on the rolling totals on the day on the share overview pages
They are just a guide , just like the trade labels are a 50/50 best guess only
:))
the 42m is from yesterday and is a correction to the cancelled trade just below
it
126,505,034 is this buy or sell
42 mill ADVFN @ 0.0644
Let’s hope it’s a multi bagger... 5p and I’ll be over the moon!
Basically Good
due to politics Majors/t1 Shell , Conoco Phillips , BHP , Nexen and other left great assets
behind as TL and OZ argued the toss who owned what and questionable low payments
to TL (legal **** for many years)
A couple of canny Oil and Gas players invented SundaGas and listed in Singapore and
took advantage to get the Chuditch license which Shell spent £37m on including £8m
on a giant gas discovery and multiple leads around it with upside to the south west of
the license that Shell believed to be OIL or Condensate reservoirs and more Gas
SG got all that for a song and we tried to rto but ended up taking 33% which we are now
in the process of increasing to 85%
Shell original documentation totalled 5.73 TCF = 974mboe with some serious upside
with our further AQ of SG basically they only have sub 12% left of the license themselves
expect them to be taken out
Fingers crossed in a new deal JV with a new majority owner/operator , the perfect storm
would be Shell taking their ball back (for a price lol) but any of those big players that left
coming back would be just as transformational lol
:))
That 2018 amendment left the companies ONLY responsibility as to relay to the market
ASAP on receipt from buyer/seller
So all the scum , send them when they feel like it, as if hey guys just thought we would let
you know 2 days ago we dumped 22% of the company and no longer have a reporting
responsibility bye
what happened to 20 down to 19 down to etc (each 1% change a threshold tr1 still)
In truth that was over weeks and they could not be arsed lol
:))
NO Goodtosee It's a
MULTI MEGA BAGGER
in the making
:))
yes the churn from sellers short sighted quick profit exit to hopefully some stickier
hands (TR-1's please) continues, the sooner their done , the sooner we move on
As for TR1 , NEVER expect a prompt one these days since the amendment in 2018 over
90% are pencil whipped toilet paper or a one and done selling/accumulating, that should
have been several threshold crossing TR1's
Have seen many since 2018 that cover weeks and months of activity, including one that
added a war and peace summary in section 11 of all since early September THE PREVIOUS
YEAR !!!
Forget old prices meaningless on any share , a short term measure for the NOW
traders, skimmers and scalpers - Should not be remotely of interest to Investors
both investing but only one sticks around for the journey
sp is a funcition of Market Capital not the other way around
Market Capital divided by CURRENT shares in issue = sp
At a market capital of £7 Million way undervalued for the assets we hold, now just
need that one piece of transformational news that triggers a rerate not a spike
look at EUA and GGP they where DOGS in my PF for many many years what changed
it was not the assets, both held them all that period, then the movements occurred
on movement major drilling and at first a rumour (china/russia bid war)
More recently as several in both posters will attest, copl gained an asset in production
the multiple placings etc , the games , tug of war new II buyers and legacy wonga on
the exit which occurred as deal was completing making copl worth multiples of its
London MC
Into suspension due to London RTO prospectus compliance deal already done, Canada
have no such rule and have carried on trading, we susp at 0.38p , they bouncing on low
volume (high since 104m day / last 5 sessions in London over 6 Billion) Canada now await
our high volume to push on beyond their 1.14/1.42 (triple us already)
Their deal on reserves of just 31m barrels of oil worth regional rate 10% npv £170m
Chuditch Shell presented figures with much upside where 974m barrels of oil equivalent
(5.73 TCF Gas)
Boil have now taken 85% of SundaGas equity, they hold 75% of that ex shell license, giving
Baron a near 64% indirect holding over the license
The company in recent Regulatory News Announcements , have concentrated on the Discovery
Chuditch-1 well area and put a provisional around 3.5 TCF estimate ( 1 TCF = 170Mboe)
Given the above for 31mbo , how many multiples of our current market capital is movement
and a new JV/Operator ideally a Maj/T1 or Shell claim their ball back, worth to boil for even
a renegotiated lower percentage of 3.5 TCF and a drilling plan in place
The 2d seismic done last year for the new license round could reap dividends before the now
being processed 3d becomes available, if so and looks intact
The fine print in the license given to Sundagas/Timor Gap (tl noc) states if Chuditch still good
calls for an immediate upgrade of license and 1 drill asap
This one will drop that news one day and you will be glad you took a core position at these lows
as the day that blue touch paper lighting news lands , this will gap up in a crazy fashion GLA
:))
126 million
70 million @ 0.06
This mornings trade highlights so far
71 Million
32 Million
25 Million x 2
15 Million x 2
Prior to the 24th the exchange daily volumes around 2m to sub 20m and one loose day
that hit over 45m our average across the sessions since around 750m, keep this high
churn rate and lender/seller exit part (save some No2 wonga) will not be long and
if going fully to the door (No1 wonga) now probably primed to be able to flush them
quickly with a solid positive update
or as a poster said yesterday , some momentum trickle flow news from across the
assets not just Chuditch GLA
:))
Shouston. Yes. Could not resist another top up myself.
Looking forward to some interesting TR 1s very soon to sticky fingers and say Goodbye to these Wonga lenders
Follow the money as they say...