Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Next CPR. Let’s hope somebody believes it; because, after last fiasco, this Company’s credibility is shot to hell. Thus 3p.
The BOD is 4th rate. They set their own renumeration committee. Worse than the Mexican government!
August 2019
2C boe resources 2,235 billion .
P50 boe Prospective resources not Proven........ 935m boe .
So technically we are only Short of 2.2 B boe .
This CPR is going to be a Game Changer ........ which way i am not sure .
Din
If they were not recoverable , should not have been assigned as such .
Quite interesting if they have 3.0B boe identified and quantified as non-recoverable , at least that is an answer to the Q .
*3 bn
Who’s to say there isn’t still 3 mbo there but the basement isn’t sufficiently fractured or is the wrong type of fractures ??
Classic movie...
Interesting theory Fandg......
'The Producers ' could be cast as FCA .
Fits quite nicely with the film of the same name .
' It's All about the money' not the Shareholders good old Mel Brooks .
There are 3b barrels in place in Lancaster.
Barrels of water that is....
"There ought to be an enquiry into the whole dirty business of the 3 bn reserves fiasco!"
For all we know, there could be an enquiry ongoing atm and the current CPR that we're all waiting for has been instigated at the request of the authorities. Just a thought that popped into my head as any enquiry would need independent info to see through the muddy waters
D
Would not wish to be sued prior ' Movie release '
Maybe one of our Fellow scriptwiter's can fill in that piece lol .
Maybe Key part of the 'Mystery'
The whole business was crook, hype, ego, and plenty swept under the carpet. It served everyone’s purpose, as it got them the money from the bonds. We all believed the Dr in the white coat! How could he ever be wrong? Plenty of good people have lost a lot of money here, and don’t feel they lost it honestly.
There ought to be an enquiry into the whole dirty business of the 3 bn reserves fiasco!
GB1 - Pretty good précis! Point 2 . Were the original 3 Bn CPR signed off by Trice? Please confirm, as I thought he was the competent only qualified person(ha ha)?
Hurricane may in the future be the British version of WWS .
The story Line
1. Company finds 3.2B boe , with funding raised based on ' Get rich quick '
2. Resources are independently verified and Share rises to 45p .
3. Oil price collapses and CEO , CFO sent out to pasture/run for the Hills .
4. Another Independent review reveals that 3.0B boe have disappeared .
5. When revealed , Share falls below 3p .
6. More news pushed out that Shareholders may be wiped out completely, as Perched Water is not in fact Perched and last well 6 is on Life support.
7. Unpredictably Oil price Doubles and Hurricane is generating sufficient cash to pay Debt .
8. Shareholders beginning to ask questions regarding Drilling .
9. Board placed in a predicament , they buy time to 2022 .
10. March 2021. What is the Strategy from the BOD, that Shareholders will now support ? With this improved financial scenario ?
Hurricane is at the Crossroad's. Scene 7 . Question time .
Do we have the extra 3.0B boe and that at these Oil prices we can profitably recover ?
Is the 3.0b boe in place , although not commercially viable as demonstrated with Lancaster ?
Was the 3.0b never there ? Was AUDIT a complete miss calculation by few/many stakeholders and for what end ?
This is more Gripping than Alfred Hitch**** .... next scene ..... March 2021 Q .... BOD .....