Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Getting better by the day.
Nt for £1000 or more
But can sell 10million shares no prob
Some one has a big order ?
My most significant two concerns are: 1. Once the share price consolidates, will it fall dramatically as 50 to is a massive consolidation? If so, is it best to wait for it to consolidate and buy-in, as the SP usually falls after consolidation, and will there be another massive share issue once it's been consolidated, rinsing and repeating the retail investors once again? 2. Will the drill go ahead with Chevron, and if they do, what are the chances we will find oil? It is a MASSIVE gamble. I don't care what Willec and his campers say. It's a binary position. This is the last chance saloon for CEG. There are no other plays, and they are the last cards on the poker table. It is either a winning hand or a busted flush. Willec goes on as if we have already found oil in the billions. GG
I note that trading 212 has lifted the limit on the number of shares that can be owned, anyone else’s broker the same ?
F.Y.I
Valaris D17 Drillship is moving down towards Falklands offshore Argentina arriving tomorrow to start drilling. Targeting 1 billion barrels.
Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina.
The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled in the country in ultra-deep waters. The well is expected to reach about 2,500 m in depth and 106 cm in diameter at the sediment surface. Drilling work is estimated to take 55-65 days.
If the presence of oil is confirmed, Equinor and partners are expected to carry out an appraisal campaign in 2025 to gather technical data including field size and potential productivity.
The Argerich project is operated by Equinor with 35% interest. Partners are YPF (35%) and Shell plc (30%).
This will be 2p + very soon with all the good news and activity around the corner.
Willec. Have you still got a hard-on?
Relax kid!
Willec relax mon ami - Your fellow Ramper (for 2 Minutes again) - is at hand.
CHARLESTON has been making investments globally in E&P since 2016 and has been the cornerstone shareholder in SINTANA Energy Inc, a TSX-listed exploration company since 2019. Sintana maintains an indirect interest in a portfolio of exploration licenses in Namibia including in the emerging Orange Basin, where several multi-billion-barrel discoveries have been made by Shell, TotalEnergies and Galp Energia. As a result of its early entry and the subsequent exploration success, Sintana’s share price has appreciated more than six-fold in the past two years.
Q.E.D. JB
GLA
IK
Willec do you think everyone is as gullible as you? All a little too convenient after Malcy’s random reference to Sintana. Etyan and him must be laughing up their sleeves!
This can only help to benefit us. Great news all round
Any idea why?
Sintana share price up 46% at 15:15 UK time
This has improved throughout the day. Looking for further upward movement in days and weeks to come.
VERY STRONG BUY!!!!!!!!!
· Charlestown will invest £1.5m in the Company, initially in the form of a loan, which upon closing of the AREA OFF-1 farm-out to Chevron and subject to prior completion of an agreed share consolidation shall convert at a fixed price of 0.168 pence per share, being a c. 20% premium to the current share price. This will result in Charlestown holding a c. 8.7% shareholding in Challenger Energy, thus making Charlestown one of the Company's largest shareholders
· Charlestown is a New York-based specialist energy investor with a successful track record of making early cornerstone investments in listed exploration companies, most recently as the lead investor in a listed Namibian-focused conjugate margin player
Looks like the share price will hang around this area until the farm out is signed as to fulfil Charlestown's deal. If the share price rose before hand may see a pull back to fully the share transaction.
Yep, Malcy's comments make interesting reading, like his enthusiasm and am also going to correct myself from earlier - looks like consolidation will likely be June / July approximately... and as said, the investment can only go through when the share price has been consolidated x50... with the inverse happening to the number of shares, that is a good reason for the consolidation.
Druid- GY670 was the best of the recent Trinidad wells. It did lose pressure from the initial heady heights but continued to produce respectable daily barrels for many years. Ritson mentioned a couple of years post drill that it was still managing 30 bopd.
Management decided that fresh drilling in that area would have a good chance of hitting that pocket but they suffered the lost equipment issue and had no money to try again.
If the company was better resourced it would have persisted with drilling in that area as an additional well can be used to support water flood or CO2 injection.
CERP was always under capitalised - when Ritson was able to borrow enough for 3 drills he went for it big time but it was ultra high risk with borrowed cash as there was no room for failure and he took to company close to bankruptcy, requiring recapitalisation at huge cost to shareholders.
Ploughing on regardless with borrowed money was reckless with shareholder value.
When Koot took over he used his personality to raise cash for the Saffron project in Cedros. It could have worked but didn’t, after 2 goes.
Now focus is, quite rightly, on Uruguay. As has been mentioned if Chevron decide to drill CEG have a great opportunity to participate and if they choose not to raise cash for it Eytan says they are permitted to trade part of the share to a third party.
Whether they decide on such a course of action largely depends on Eytan’s soundings from the group of large shareholders, which prior to Charlestown, were largely Australian based.
What will be will be but plenty of opportunities for shareholders to stick/twist/sell along the line - a very exciting opportunity with news flow to keep everyone interested!
"CEG shares are up very modestly on this deal, done at a 20% premium as I said but if ever there was a ten-bagger staring you in the face then this is it, ignore taking shares at 0.14p at your peril, it could well be a eureka moment right in front of your very eyes…"
https://www.malcysblog.com/2024/04/oil-price-challenger-petrofac-i3-and-finally/
Up to 0.16p - 0.17p on over 47m volume and not even 2 hours of the trading day gone.
This is in high demand and expect further rises in sp from this moment on.
To be exact without any points or p's, I took it as 0.2p. There is likely to be consolidation next month for a good reason, so in that situation e.g if it was point 0.2p then 50 for 1 it would be 10p but of course it could be a little either way at that time, obviously though hoping for 20p at some point after consolidation wouldn't be so mathematically imaginative.
Whatever the near term future it has been good to read both of your posts.
Oh Willec get a grip of course I meant 0.002p TO BE EXACT!
Only you could think I meant 20p!!
x
20p in two weeks is not likely at all. Would be happen with 0.20p which is very possible.
Willec - I know I will lose all credibility here - If I have ever had any after JB's assasination - But I think we hit 20 by end of month - yep - I 've just become a Ramper (for a minute or two) - Why? - The facts are alligning and because The trolls are trying to persuade non investment and this one is a good chance - Folks in a few months time will be saying to them selves OH I wish, If only etc - ALL IN MY HUMBLE OPINION
Another way of putting it is - JB and Co will have peeeed on peoples chips.
GLA
IK
As Nas-k posted www.galp.com/corp/en/investors/publications-and-announcements/investor-announcements/investor-announcement/id/1529/update-5-on-namibia-exploration
It just gets better and better - The trolls are defeated - idiots.
Hi Druid
Sorry a bit confused by your posts - which previous farmin are you referring too please?
IK