Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Do you still own your 1 share ADUK ?
adoubleuk,
Good to see you're doing good!
I agree that there's a high chance for HUR to just pull the plug and end operations when well becomes uneconomical or when AM ends first option contract (whichever comes first).
Personally, rather than wasting more of shareholders' money, that would be the best option considering the board are still can't seem to make a decision.
At the projected oil production and oil price, HUR should have enough cash in the bank to pay *majority* (if not all) of the convertible bond by the end of the year.
The licenses and assets should then be sold (if not before end of period) to further fund the remainder of CB and for shareholder returns.
I'm sure someone bigger or someone more experienced than the current BOD will be able to make better use of HUR's assets.
The delays in drills has significant impact here. HUR would possibly need a miracle and a lot of money to rebound from this slump in 2022 otherwise.
ALL IMO.
"AM is 3 years initial period btw, ending end of 2021.
HUR have an option to extend another 3 years to end of 2024, then a second option to extending further until end of 2028 (which was meant to be full field development)"
Ok yes I do have vague memories of an option on the AM. Don't think we'll hear about it in March though, hopefully the Forward Plan will cover it, although today's RNS did 'extend' HUR's lifespan into 2023 (although that doesn't necessarily mean that the AM will stay on its current station).
This post from 'Slift' is possibly the best of the day, if not the week, or the month.
"AM is 3 years initial period btw, ending end of 2021. HUR have an option to extend another 3 years to end of 2024, then a second option to extending further until end of 2028 (which was meant to be full field development)"
I am not a betting man, even if I do play poker. And I'm quite prepare to wager any sum with anyone that the Aoka Mizu will be pulling anchors early 2022. 'Experiment' terminated.
AM is 3 years initial period btw, ending end of 2021.
HUR have an option to extend another 3 years to end of 2024, then a second option to extending further until end of 2028 (which was meant to be full field development)
Bond is just 240$ not £.. if £1=1.5$ then Bond is nearly paid in next Quarter. Simple 240mil$ :1.50=£180mil
Give it up kiddo.
Think the results of the talk with stakeholders will be after CPR (ie not March) and probably included in the Forwards Plan (ie not March). Don't think they'll be any news on renewing the AM yet. From memory HUR have her for 6 years from 1st Oil so a while to go there. But, agree there might be some news on Lincoln's future this month.
yes fandg2,
Talks with "stakeholders"
AM Renewal info?
Lincoln Tieback or P&A?
Just throwing this out there to see if I've missed anything. This month we should see news on:
An operational update (production and water cut)
Final Results
CPR
(Don't think we'll see a forward plan until after the CPR)
And, another tanker offload. Anything else?