Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The world population is due to increase by ~ 2 billion over the next 12-20 years. They will expect rising standards of living , just as the rest of us do. There is NO WAY we can meet demands for energy without hydrocarbons , purely and simply because (a) we dont have time to build alternatives and (b) the costs are politically unacceptable. There are already concerns on the UK about having enough electricity to charge all these electric cars that are coming (apparently )
According to GS , there will be one final oil boom.
Im getting ready.
IM)
Just got an email from someone who has asked IR to clarify the very same point.
If they get back to him, and he OKs it, I will post their response on here - hopefully it will finally put this issue to bed.
So Jon has braved the wrath of Cashti and released an informative RNS.
Now you've found yer tongue don't hold back on issuing regular statuses - we PIs can handle bad news better than no news.
Share your doubts over the buyback ruse though d55 - nought in this for us as they are earmatked for internal rewards. And yes - bet your ass they will attract divis if the BoD can swing it to their own benefit.
Nothing around the ESP screwup ?
No clarification or status around PF3.
Will GKP be sold before Lithium makes oil a hasbeen ?
The company has said that the shares held in Treasury did not receive a dividend payment - which is what should happen.
So by definition it was only the shares outstanding that did - which is what should happen.
Given the number of shares outstanding and the dividend per share, it follows that only circa $49.1 million was distributed.
Now in the RNS it says, “ Ø The Company returned value to shareholders by paying dividends of $50 million in 2019 ...”
So two statements from the company where the outcomes seem to be mutually exclusive, either you paid out dividends of $50 million or you don’t!
https://www.screencast.com/t/yBIjwPTqzg0
The above screenshot is taken from the 28th March Presentation and shows (starred) 4 new Well positions, J, G, H, & I. so on the face of it, the announcement of a Well "L" is for GKP a new previously unannounced Drill.
As a further check to confirm, the below screenshot is taken from the 10th September 2019 and shows that SH-J was removed and replaced by the SH-9 Gas Injection Well, and also confirms that SH-L, is an additional previously unannounced new Well.
https://www.screencast.com/t/ONF1OljCii8s
55,000 this year, you really are having a laugh. l.o.l. Have another guess
I'll run some forecast P&L and Balance Sheet projections.
Take me a little while.
Also production increase of 30% year on year with 43-48kbopd 2020...plus pipeline now up n running so trucking costs finished. They do mention regular payments so i hope they av been in contact with the MNR and know wots happening?... still unsure how buy shares to treasury helps shareholder value?... they need to b cancelled really to give value to SP but at least the options r covered when due, which is not for another year or so. Very positive....wonder wot angle the frauds r gonna take from now on???
Other than 30% drop over the last year where does JF see that he has added any shareholder value for me as the dividends dont touch the drop we have had.
It is a good solid rns though ....where are pur 2 payments this month as they itself cover the buyback scheme.
Well.. imo it seems that we may av bottomed on pushbacks and delays and should now be pushing forward.. positive update and outlook and interesting that they r going to continue buybacks thru to the total 25m without delay?.... finally is all this gonna feed thru to the SP.. as ultimately thats why we are here.....
Jón Ferrier, CEO, commented:
"2019 saw GKP continue to realise the benefits of the Company's recent turn around. In a year in which we returned significant value to shareholders, through both our maiden dividend and share buyback programmes, we also benefited from the increased operational tempo."
share buyback programme how as that benefited shareholders...?
NO..FDP news..!
NO..CPR news..!
No..PSC news..!
Outlook
Ø With the continued development of the Shaikan Field, the Company expects to increase average production in 2020 by more than 30% year-on-year to 43,000-48,000 bopd.
Ø Debottlenecking and facility upgrades remain on schedule.
Ø On track to reach the 55,000 bopd gross production target at Shaikan in Q3 2020.