Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Dream on Pal.
From ADVFN
Merjan share price
The value to Petrel if we were awarded Merjan-Kifl-West Kifl and it got developed into a 100,000 bopd producer, then that alone would be company changing.
According to the article in my previous post:
"In the hybrid revenue-sharing model, for each barrel of oil produced, 25% would go towards the Iraqi state as a royalty, while the remaining 75% would go towards reimbursing shareholders for capital and production costs and be distributed as revenues".
Assuming Petrel JV'd with Itochu on a 50/50 basis with Petrel as the operator (37.5% each), and after our 'capital & production costs' we had 10% profit, then at 100,000 bopd, the calculation is:
100,000 x 365 days x £50pb x 10% = £182.5m profit per year.
£182.5m / 178m shares = £1.03 eps.
At PE of 6, this would support a price of £6.15 per share.
And a market cap of £1.1 billion.
Have you tried emailing David yourself before throwing accusations? Try that then when you find out retract your statement.
Show me where in the RNS there is a mention of Ghana other than in the opening statement which then went on to say absolutely nothing about Ghana.
Other than the usual rampers and fake news brigade trying to make a quick buck here nothing has changed, always has been and always will be a pump and dump share. Buyer beware!
Looks like news on Ghana soon. David mentioned Ghana and provided updates in the agm for clon today. If you check on the rns it's there. Also plenty have had updates via email with david that he's working on potential drilling targets. Tweet below shows an email exchange.
https://twitter.com/DudleyTrader/status/1679532618247806976
Also plenty of interest building in the media about Ghana drilling. https://energycapitalpower.com/ghana-oil-and-gas-outlook-2023-2027/
Seems like some news coming from Ghana soon. From the horses mouth.
https://twitter.com/captaintruth999/status/1676540539699712000?s=52&t=-cyBa2rVR8kl1sb_UkRntA
Can anyone remember historically how long, if successful, it takes to be awarded a license after its submission to the relevant bodies
Oil man jim ramped this the weekend it moves off a few buys
From Oilman Jim:
PETREL announced results for the year ended 31 December 2022. The future it says is in the emerging economies. It claims that Australian brokers and investors have profited through the liquidity of Petrel's sister company, Clontarf Energy (CLON), and are now pressing Petrel to open its books for greater Australian and Asian participation. The board says it may be worthwhile to accept funding, hopefully at much higher share prices, as it rolls out high-potential new projects.
I highlighted PETRELseveral times in 2019 at around 1p and it went as high as 26.5p thereafter. Back at around 1p again, might it be ready for an encore?
From ADVFN
looking forward to hearing who has won the licences in the 5th round annex (that included Merjan). Now a fortnight since the closing date was for submissions.
Ground hog day all over and over again.
Dream on
Lol!!! The ceos have proper milked it
Final results now due. If we get any Iraq positive news and we should see 3p.
buys today from friends of the bod i’m sure to hype up the share price, followed soon by some **** and bull stories about iraq, watched this happen time and time again over the last twenty years. guaranteed that buys this week will result in sales next week to replenish funds so they can do it all over again the next time.
Will hold but what a dawggg of a company really- they have done jack in all these years. Wasters- dont know why they didnt get a real job. Exploration licenses yeahhhhhh right- they will get nothing. IMO DYOR
Looks like it’s ready to go on a little run.
What has any of this got to do with Pet ??? Wishful thinking my friend.
This could be huge news for PET!
how many millions of barrels for PETREL RESOURCES??
https://www.iraqoilreport.com/?s=s
Iraqi oil minister wants oil exploration to explore oil
The directors, collectively, the last major purchase I'd say.
When was the last time someone bought some shares here there’s a reason why it’s a continuous sell off and that’s because they have absolutely no business plan or assets.
Time old man Teeling hung his wellies up and moved over for someone who can do something with this shell of a company. Twenty years of achieving nothing is taking the proverbial.
It seems to be getting harder and harder to buy small volumes here now. Matter of time before it moves
Does anyone know how this BOD spend their day it’s certainly not putting a shift in maybe they pass their time dreaming up more fairy tales about Iraq.
I called the office to ask them this very question but was told John had just popped out to the post office to collect his state pension, heaven help us!
PET have tried this before and look how it turned out!