Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Forgive my attempts at trying to inject a little humour in to defuse any tension. I'm not here to beef.
RE: EggChaser1
Please quote me where you think I have bashed and if its warranted, I'll accept it. I'll even withdraw it if I agree with you.
Painting someone as silly because they have a different opinion to you is not very nice in my opinion.
The results of the P#1 well as I understand it is its non commercial.
I wait for the next investor presentation where BPC detail what structures they did find and what the JV &P#2 will target.
I'm factoring into my interpretation the time & money it took, will take to get to that stage, also adding in the environmental hoohaa which will come from a 2nd drill. Do I believe another company will Farm Into that? No I don't. Unless of course they really did find the Mother Load but are choosing not to tell the market, nor did they select to drill into it. Maybe the Stena boys didn't have enough drill pipe lol. Maybe this wasn't really about drilling a commercial well but it was just to test whether those Stena Boys know what they are doing and so BPC have confidence to use them for the real Well. Lol
ShouldveSold - you do realise how this works? You invest in a story that may either increase the value of your investment or decrease it based upon results. I don’t know how many times to repeat this - we don’t have the results from the P1 drill - the SP reflects the uncertainty along with the same generated by the JR challenge.
You say you don’t bash - well that says much which ironically is the case in the choice of your avatar...
I rest my case...
RE: EggChaser1
Just to pick up on this "working petroleum system with seals and the company have enlisted a third party to deal with possible farm in discussions with an unsolicited approach already been made"
I don't know how to value that. What's a competent seal worth?
So rather than buy into the speculation that a Farm In is imminent, I am choosing to wait for a RNS which details one.
RE: EggChaser1
I'm not here to trade insults just debate.
Its ok if we disagree, I'm not here to convince you to adpot my opinion.
We have all read the RNS's and can refer to and quote it & interpret it.
I don't think I have bashed my investment or the BOD. I invested what I could afford to lose and an I am disappointed that P#1 is non commercial.
I have questioned whether S Potter is a good CEO and stated that the proof on that for me will come in the management of Saffron.
ShouldveSold - note your selective style of posting where for a holder you do miss some key info from the information you publish... try this for size -
Exhibit 1 - you post Until that time all the data I have is " P#1 is Non Commercial. And I accept that.
However you somehow forgot to add vital and important information in regard to the P1 drill.
So perhaps Exibit 1 should actually read - Until that time all the data I have is " P#1 is Non Commercial but has found a working petroleum system with seals and the company have enlisted a third party to deal with possible farm in discussions with an unsolicited approach already been made. And I accept that.
And you claim to be invested? My god you are not so bright to state facts in their entirety which is ironic because you state the BODs to be also not doing the same - priceless.
Ps I’m not interest in your credentials but you have to admit it’s quite frightening that you have been let lose with some cash to invest yet fail to read an RNS then spend your time bashing your investment. I’d hate to have you in the trenches with me in a war...
RE: Onlybpc
Thanks for the tip :)
He hasn't posted in 3 months..is he still alive? Maybe he's been sworn to secrecy or abducted by the Farm Inniee's as to prevent him from leaking insider info lol
But my point to Petrodollar is, he (assumed pronoun) is speculating and interpreting, just as I am, just as we all are because all we have to go on is a "Working Petroleum System".
I am waiting for an RNS which details the Farm In and a second drill target. Until that time all the data I have is " P#1 is Non Commercial. And I accept that.
shouldhave sold....check out coman's profile...not gona link it,...but id say he was a specialist.
RE: Petrodollar
Who are these specialists you mention and what have they seen?
I find it quite odd that if you post an opinion, belief or rationale on here, you are asked to provide your credentials lol.
Aren't we all here voicing our beliefs, interpretations and rationales? I'm not here to ruffle feathers or upset the hierarchy, I'm just here to read what other investors think and have a engaging debate.
I have been investing/trading for a few years now & through experience I have learned to read between the lines and make my own interpretations, rather than accepting the fluffy words of an RNS. I think its helped me make better investment decisions, despite my username lol *facepalm*
News stated figures and facts are unquestionable, when those aren't provided one can only ask questions and theorize as to what it all means, either drawing on experience or information gathered from other sources.
I don't know how to value a " Working Petroleum System".? I know how to value oil in place, reserves & flow rates. When S Potter said " we are looking at renewing the Farm In process" (I paraphrase) it does suggest that there is something significant there that is worth chasing. Again I think that is price sensitive news. Like everyone else invested here, I am hoping what the 3D seismic data says is there, is not only there but it can be tapped & flowed. As of now, it doesn't. Maybe it would flow at 18barrels per day, they didn't release that info so we don't know whether it was completely dry or could flow 300bopd. My definition of a "duster" is relevant to whether the well financially economical or not. We are all free to debate the semantics of that.