Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Longknife-
You ask what is the good part. Still the same answer, the geologic seismic has not changed. Other players in the are have completed successful weeks in seemingly less attractive portions of the Beetaloo formation. We unfortunately had to contend which a fault line, which many times are headaches. Ours is a headache. I have not seen anything that tells us whether the rig should be moved to get to the other side of the fault line. I personally believe we are at or near a sweet spot. Our risk is POQ maintains the current spending level endangering us to more dilution, the possible reason he is not buying shares currently. POODS
Poods, beware the Ides of March and Confirmation Bias.
Poods. What's the good part??
ALL
Here is what I believe and / or hope for us all:
SILENCE IS GOLDEN AND PATIENCE A VIRTUE
I am continuing to add. Yes the seller is in our face, POQ has nothing to say or he would have had to say it and yes so far this has been a bucket of swill. POODS
Origin's cash flow problems would seem to stem from a corporate culture that centers on diversity and inclusion. These aren't bad things in and by themselves, but when they are the drive wheels on the bus, one can soon expect to see the bus pulled off to the side of the road whilst having its occupants having a group hug and making sure all have an equal hand in fixing the problem. And, of course, when the CFO sees what Origin has spent in the Beetaloo with nothing, other than an opportunity to have diversity and inclusion experiences for employees he has to pretty much stroke out as he memos the CEO that money could have been used to build something green and wonderful. In my mind it is pretty obvious the reason for Sasol's walk away---and it wasn't the resource.
Well said Messrs. Sneakysnake and Newtofo. Right on the button.
In the meantime it's increasingly clear that Origin is a wounded beast. It has cash flow difficulties in 2021, and an increasing need ton cut their links to coal...
We believe it will only take one well from either the origin or Santos operated average to achieve our gas flow threshold (as success can be replicated across the basin) to prove concept and confirm our expectation that a large scale development is commercially viable.
This was Jan 2019 I believe from ubs
Thenks newtofo.
The comment you allude to was from UBS if memory serves me correctly.
Sneaky, your question on what success at Santo's two horizontal fracks next door to our Amungee well could do for Falcon is a good one.
With any other stock there should be a significant bump in the share price if commercial volumes are flowing in the same mid-Velkerri B shale zone in close proximity to the Amungee. However, with our injured bird -- that might just be wishful thinking until we see positive steps made by Origin.
There was a really strong statement put out by one of the analysts that covers Origin last year to the effect that commercial flows by Santos next door would confirm the B shale as success for Origin too. I can't remember if that was a James McCormick comment at Cenkos, but I think it was from another analyst that follows Origin -- so if anyone can find that comment -- please post it again.
The reality of both Santos getting commercial flow rates -- combined with some sort of confirmation that only 5 or so fracks were producing the 1.1 mm cf/d flow rate at the Amungee H1 well is the second best option to success at the Kyalla. If both the Santos 1 km horizontals and the Amungee H1 are as prolific as anticipated -- then I believe we should all ignore what the daily share price is doing and wait for a significant buy out premium.
Santos are likely preparing to drill their second horizontal into the velkerri as we speak.
Early indications of fracks are a few months away I suspect.
Does anyone have an opinion on what it does for our share price?
Both wells in this year's program are high impact so we should get a helping hand if the initial results from the vertical fracks carry through or is that wishful thinking?
Also,one would expect after our program is complete this term that we will see some concrete plans for 2022 especially once the amungee flow rate issues have been clarified.
The elephant in the room is the kyalla...if the downhill blockage could be resolved,then that would be significant!