Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
GL with your investments
I’m keeping the faith, AA won’t be twiddling his thumbs and he isn’t afraid to put his money where his mouth is. Not too many other Chairmen I can say the same for
I’ve still got confidence he will find the deals to turn this SP north
Just sold out, I don't think the gas price will recover any time soon. This bounce is just short covering and/or technical bnouce.
Can you post Berenberg’s latest note?
A labour victory has been priced in. Read Berenberg's latest note. Also, our UK assets are a fraction of the whole portfolio. So has almost no further impact to earnings. All growth is coming elsewhere.
A labour victory must surely be priced in.
I caught a recent debate involving Aaron Bastani of Novara Media, and he said that Keir Starmer could make ''a right turn on a bunch of stuff, including migration and new oil and gas in the North Sea.'' Considering how similar both parties now are, it is plausible. But I would still go back to my earlier point regarding Andrew Austin, who I think is wasting his time complaining about the political landscape.
Mommur - it’s pretty risky buying this side of the election? I am expecting all North Sea oil and gas shares to tank if labour wins. So that has prevented me from also topping up.
Despite AA airing his views in some interviews, he hasn’t really talked about any overseas assets other than the Nordics.
He did make a private buy into a company called URAH though.
I wonder if he will diversify KIST into non oil and gas assets
Hopefully, they will have protected a large future capital gain from tax!
Must have been a Bed and something
Production came in at 8.8k for the month.
6k boepd of gas and 2.8k barrels per day of oil.
Breakdown.
UK (GLA) to the 15th of Jan.
Edradour = 0
Glenlivet = 7781boepd of gas and 241b/d oil
Laggan = 6281boepd of gas and 327b/d oil
Tormore = 2535boepd of gas and 178b/d oil.
NORWAY (BALDER)
Total produced in the month 840,476 barrels of oil.
10% net to kistos = 2711b/d
NETHERLANDS (Q10-A)
Total produced in the month 137,734boe of gas
60% net to kistos = 2666boepd
I agree with you regarding Serica/Kistos Mommur.
An enlarged group led by Andrew Austin would immediately give us the much needed geographical diversity we need.
The combination seems blindingly obvious, I hope good sense prevails.
aimo
Feel your pain, but its being felt on most O&G companies. Both Harbour and Ithaca have expressed their dissatisfaction with the total lack of forward thinking from any party. I expect Serica Energy will state the same early April.
I am of the opinion that M&A (either/or) achieving greater mass is now a prerequisite in the UK and would like to see Serica/Kistos to reopen negotiations - they need a dynamic CEO and some oversea's assets. Been accumulating here in the low 140's and await next years ISA allowance. Keep the faith - its painful at Serica at the moment among others.
Will Kistos ever be over £2 again? Lack of comms (I have personally reached out to the company on a number of occasions to understand their strategy), and lower energy prices pushing this lower. Lack of interest in the market - it is sad to see as a holder of 20,000 shares
Looks like AA was letting off steam before the budget. Plenty of Politicians are not happy with the W/T being extended. I thought we had walked away from the UK and were going to concentrate on Norway. No point going on about it. Labour has already said they would increase the Tax if they formed the next government.
Idkmybffjill,
The Nordic bonds are listed on the euronext exchange.
You'll find the listing there, the rns was dated 29th Feb.
I understand Andrew's frustration - we are all frustrated. But surely it's better to just accept the fact the UK is screwed, and focus on alternatives? Why even waste time talking about it?
Strange drop, could be MMs taking the opportunity to drop the SP after AA interview. However if AA is struggling to do O&G deals locally, perhaps he needs to look further afield and tell this chronic government to feck right off
JAS78. Thanks for that.
I’m assuming the drop is due AAs interview yesterday where he said the uncertainty surrounding the North Sea meant he had pulled out of several deals
As said hopefully he’s considering buybacks, atm £60M purchase doubles the SP. Pretty sure that’s not feasible but no doubt AA looking at the options
Berenberg cuts Kistos price target to 455 (485) pence - 'buy'
Surely that cannot be the reason for such a sell-off?
What news is out there that we don't know of?
Anyone know why the fall /sell of today?
12m taken off the market cap in a couple of hours an the back of 200k worth of trades although some chunks being unloaded. Time for buy backs me thinks..
There is no RNS filing on that date. So where is the info from?
Lol, its in the title/ subject of the post
So AA gives an honest interview about Tory/labour O&G taxes and our share price goes down LOL