Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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AParky So true, quick to tell us the good news but like a little shrew scurrying around trying to hide bad news. Remember EVx-1 flowing at 470 in September , then ...." was producing 50,000 m3/d (1.75 Mmsft/d or 294 boepd) after a workover at the end of last year but suffered a casing collapse at the start of this year. "Accordingly, the twin is intended to both recover and enhance this production level with a targeted initial production of 60,000 m3/d (2.1 Mmsft/d or 353 boepd) Then we find out after all this time were only getting 230 boepd. Not very good is it Peter . So that was $250K , then $1.5 million and for less production.
Historically if news is overdue its usually not as good as forecast, hopefully not. It may be kept back if that's the case and released with the new well to smooth things out.
The_Doc Perhaps not , but we don't get many buys of that size here do we .
Its ~£25k VOG - so in the scheme of things it isn't huge.
I would also add, that given the share price over the last 12 months they could be selling for a 50% profit. They could be selling for any number of reasons. The price has not budged so clearly there is a market for it.
Yes over due , i see another large dump of stock not very inspiring at this stage.
Week ago
Was highlighted photo wise workover rig in operation. im sure have news soon on this
disastrous .
steven49 And this could be a big producer, why the delay. Peter get a grip we need to get this news out after last years disaster PR stunt on this well.
Surprise no update on this LB- 1001 in recent RNS overdue
No mention since on this LB-1001. would have thought would have been high lighted in recent RNS
News over due .....In parallel to the above work, again as previously announced, in the next few days the new well LB-1001, drilled and completed in Q4 2020, will be subject to a workover to perforate and produce from the original main target interval in that well, being the Intra- Loma Mantosa formation. It is anticipated that initial production from that interval of some 26 metres total net thickness will be 80,000 m3/d (2.8 MMsft/d or 470 boepd). This interval should provide longer life and less water production than the lower much thinner section which had very good initial production but is currently being produced with a high percentage of water.
All adds up.