Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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TSAE
Sorry spellcheck didn’t work.
TSAE
This is unequivocally high risk and you should DYOR.
BPC website has all the info including presentations, independent verification etc.
The COS is assessed independently by Moyes as being 30-35% which is about as good as it gets.
BPC have outlayed $100 million on derisking theses assets so hardly “wildcat.”
There is historic proof of oil being in the region however technology was insufficiently advanced to make viable - this from various majors.
The reason for such a long time coming in the main was down to Macondo which ripped the heart out of deep sea exploration and made the Bahamas govt understandably reticent to commit politically.
All that is history
Not trying to persuade - far from it however some of the other comment to your question was swayed too far to the negative.
Now you have most of the facts.
There are a lot more and so DYOR.
GL
TSAE
This is unequivocally high risk and you should DYOR.
BPC website has all the info including presentations, independent verification etc.
The COS is assessed independently by Moyes as being 30-35z which is about as good as it gets.
BPC have outplayed $100 million on derisking theses assets so hardly “wildcat.”
There is historic proof of oil being in the region however technology was in sufficiently advanced to make viable - this from various majors.
The reason for such a long time coming in the main was down to Macondo which ripped the heart out of deep sea exploration and made the Bahamas govt understandably reticent to commit politically.
All that is history
Not trying to persuade - fare from it however some of the other comment to you question was swayed too far to the negative.
Now you have most of the facts.
There are a lot more and so DYOR.
GL
TSAE
Its a wildcat drill which means very little change of success-other will disagree but that is a fact-has a COS been published?
There is no local infrastructure which means a large oil company will be required to build all the required infrastructure, that if oil is discovered, more exploration drills, appraisal drills and flow testing. That will take a good 4-5 years.
You need a large oil company that doesn't mind opening up a new oil frontier in the Bahamas regardless of opposition.
If you hit oil that's a good 5+ years down the line - further exploration, appraisal drilling, local politics, protests etc.
Best case scenario you hit oil and sell up, I'd say could make around £500m which is 20pps? Much more likely that no oil is found and the company goes bust, took about 10 years to get to first drill. Having said all that if you are going to take a high risk punt on a wildcat drill this is the one to go for but go in with eyes wide open.. GLA
If BPC actually get this 1st drill under way and then discover their high end projected target and confirm it's commercial then SP will be north of 50p if not north of £1. Then followed up by two further success stories - Then, who knows.
It's taken BPC 9+ years to get to this point... I respectfully, suggest you continue with your research and come to your own conclusions ref risk / reward / potential.
In my opinion - Here is the best potential you will find. But at a HIGH risk.
All the best and good luck.
If not when.
I'm new to oil investing and basically would like to know where the share price can reasonably expected be when all the present drilling and production targets are successfully met ,if anyone has any insights they'd like to share id be please to hear them.