Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Drill where and when. What if heavy oil or non commercial?
The bottom line is that Total has farmed in to drill as a 1st well a very large prospect that displays the expected attributes for a low risk high potential object. It will happen, only question is when. This will propel Eco sp to new highs.
”High activity level with nomerous catalysts in the next 12-18 months ”.
2024
Q2 AOI ”friendly exit”?
Q2- Guyana/Venzuela conflict ?
Q2- 3B4B Total court case ?
Q2 Walvis 2D3D servey result +/-?
Q2- 2B Production Right?
Q3-? Orinduik farm out success?
2025
Q1-? 3B4B-1x well Total drilling
Q3-? Orinduik-3x well drilling
? Walvis farm out success?
Binary risk Mr JWBelle-end?
1. We've got 100% of Guyana, with a discovery of 4 Billion barrels of heavy oil.
2. We're currently in farm out discussions for our acreage in South Africa.
3. We're receiving "significant interest" from super-majors across our 4 blocks in Namibia.
4. We're drilling within the next 12-18 months, possible much sooner.
Not sure your analysis stacks up, lol!
Once a deal is completed on ANY of the above, we'll smell your shorts burning from miles away.
That’s the problem
Hey Harel...whats your take on our share price...any ideas why its been kicked so low...and when do you think we will start an upward trend. Always appreciate your opinion.
Goraxx, thanks for posting the link. Lets hope Total presses on with that take no prisoners attitude, it's what Eco has needed in a partner from its inception.
Eco have successfully drilled a non-commercial well in the area as operator! Don't see any issue myself.
South Africa is a broken country- regular electricity blackouts, billions of $ spent on coal imports and an election looming.
Namibia is now sitting on billions of barrels- SA needs to get Total/Qatar on side.
Https://oilprice.com/Energy/Energy-General/TotalEnergies-South-Africa-Ambitions-Wise-or-Risky.html
Is this local to 3/4b and does it affect eco, sorry haven't looked at the maps of where eco are actually drilling, Sounda like grief coming eco's way
This news hit the TSX hard yesterday.
Exxon & parteners
drilled circa 4 wells in Hammerhead so in my view there must of been a discovery of some kind and Hammerhead was on the short list for FPSO but was relegated I think due to other discoveries.
Exxon have not disclosed and data on the Hammerhead project (I think), however the Hess CEO did mention the Oil may be heavy in a meeting but that's not not all bad news. That said they did invest to drill multi-holes (appraisal)?
So I share a hope that cross production could be achieved commercially. And I ask what would that do for ECO valuation?
My dream scenario for Orinduik is a three-way agreement with Eco, ExxonMobil and a heavy oil specialist, with the latter developing Hammerhead, Jethro and Joe while ExxonMobil drill a couple of Cretaceous prospects.
As for 3b/4b, Total's drill schedule may depend on which block get their environmental consent first. The 3b/4b application went in a year ago, with Total's application for their other blocks some months later I believe.
According to Gil we have nine companies vying to farm in to Orinduik and target spud in 12-18 months..... I'd expect that to be slightly delayed but 3/4b drilled sooner.....
reading between the lines and sifting the tea leaves...
Is it realistic to expect a drill at 3/4b in 18 months time?
Information implies we should get info on Orinduik next 3 months. If the new operator is Exxon then this will be very good news.
Remember Total are the operators in 3/4b so would guess spud price could be IMO anything up to 100p.
We don't know any dates yet but who knows maybe Orinduik before 3/4b; lots of dead time though the interest will come in time.
In all honesty I cannot see us being above mid-teens on first spud. We need positive Guyana news and we need to hit Oil off Namibia.
Risk appetite amongst the Aim brigade for drilling is subdued to say the least!
I'm still in LTH for a sizeable chunk of cash average of +20p... waiting very patiently
Guys where do you see the share price on just drilig here? I'm planning on a very large investment quite like eco but also want to play it safe aswell as be able to say a long term investment has yeilded something
Understand nothing is certain but market sentiment goes along way too,
Rough guesses plus those that have been here know the history what's your expectations once drill date is appointed or we go into drilling
Thank you
Even after a farm out. I've took the opportunity to add a few over the last few days. 9.19p & 9.2p today are buys rather than sells. Its a long time since I sold half my holding at 161p, having bought around 19-22p. Time will tell, not perhaps another Serica, but I feel patience will be rewarded.
All we need is two multibillion discoveries and a carry through production.
In reference paper: « The offer is worth up to approximately $64 million, which implies a valuation of $805 million for 100% of the issued share capital of Impact. » Reminder : Impact has 9.5% of Venus.
If we use this deal as an analogue (same region, play and operator) this would value Eco 6.5% stake at 550M$, as compared to a current market cap of 35M£ (45M$). These numbers provide an order of magnitude not a precise target.
Why 12x, where is Eco in this?
This deal provides a good analogue and indicates a potential 12 fold share price increase for Eco.
https://theenergyyear.com/news/africa-oil-in-bid-to-up-stake-in-namibias-venus-discovery/