Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Brilliant stuff all day.
Keep posting GRH, it's good quality, informative stuff. I'm sure there are plenty like myself who's only knowledge of O & G has come from seeing investment opportunities in O & G shares.
We can all choose to read, skip or scan as we please.
I promise all bored readers...my last post today!...
My apologies for too many posts today
Sefton
Between 2005/2015..global upstream sector spent $7.6 TRILLION...and failed to replace...never mind increase...conventional reserves (source IEA)
The rate has increased over 2015/2018!
Seismic cannot confirm presence of hydrocarbon energy...only infer from rock strata
We are only interested in energetic hydrocarbons...with 85% global success rate...the 15% being overwhelmingly due to false negatives
IE if we say its positive...people should listen very intently
Sound did not do that!!!!!
I was shouting almost from the rooftops...
...lots of correspondence ......lots of meetings...
I live in Sevenoaks so easy travelling!
folk know what happened there!
ATB
GRH,
Think that idea of hyperspectral imaging for hydrocarbons is potentially huge. Across O&G and mining, many of the players are committed to technologies that are so far behind. Resonance-based technologies and even bio-mimicry (possibly the greatest potential technology source on earth - certain types of termites are far more effective at identifying gold deposits than virtually any "modern" technology and Koakoveld (desert) elephants are better are finding deep aquifers than most other technologies). Yet still, certainly in the mining sector, there is some sort of almost sado-masochistic desire to drill, drill drill, preferably in the most inhospitable locations possible and into the most impenetrable rock.
The big guys (the majors) generally have a look at new technologies, make sure the internal evangelist if given enough budget not to realise he is actually just being told to play nicely in the sandpit and then they get back to the "real man's" business of running around the countryside with a bucket and spade and a drilling rig.
Using PRD tech allied to thing like hyperspectral tech is truly a game changer - the field or hydrocarbon deposit's economics change drastically and what were marginal or sub-economic situations could now be viewed in a totally different light.
So, I hope PG listened to you and got on the case. If not, he should now.
Sefton
You are very kind
I did meet PG....for about 15 mins ...intro by one of his Nomads
I had the idea of interesting him in hyperspectral imaging hydrocarbons tech...for Morocco exploration..where the proven track record is 100%
Bradley...excellent!
ATB
GRH,
Can't help but think that PG and the company could do themselves a lot of favours by tapping into your advice because a lot of the way you think is precisely what is needed to really advance the market value forward in quantum steps. I don't know who the company's investment banking advisors are and I am sure they are doing a good job but this thing is potentially so big, it deserves the attention of some people who really know what they are doing. A great investment banker (a very rare beast indeed) is worth 1,000x+ the value of just a good one. A Felix Rohatyn or a John Thornton type.
Hopefully PG will have seen your Twitter "handle" (I presume "handle" is the right term or am I getting confused with CB radios?) and seek some of your wisdom - because I can certainly see from what you have written on this BB that you would have some great insights and experiences to share with him.
No advice needed I just like hearing all sides of the argument tbh. So far no one has offered a reason good enough to sway my decision on PRD even the derampers on ADVFN dont understand they still think Trin is about the oil they pull out at the start and not the story going forward. All great oaks start as a simple seed
GRH,
It sound like our paths must have crossed at some point back in the day.
Seeing what happened to GEC/Marconi under the tender care of Simpson and Mayo makes me wonder whether Mayo at least may not have been involved in that re-organisation the other day of the port of Beirut's architecture.....
Bradley
@GrahamHengland
Happy to say hello...
I don't give advice...
I am merely a participant in the same market as you
ATB
BTW
I agree about PG...but some of his Board colleagues have really good form
Jack Welch took a while..
The Marconi demise took less time and blew all of the money Arnold Weinstock had worked a lifetime to achieve...
I forget the total cash lost but think it was about $20bn
ATB
Ha ha!
How right you are!!
On a TOTALLY different subject...
I was deeply involved in selling a cellular network planning company
We sold it to George Simpson and John Mayo...Marconi
As I recall... all up was $856m
The rest is history as people say
ATB
Hi GRH,
Loved that story about Equant - one learns something new every day.
Have quite a few tombstones myself along the road in all kinds of industries. As I am sure you will know well, some many of the big listed companies are run by people who should not be in charge of a cabbage patch, let alone a multi-million Dollar corporation, so I do love seeing situations like PRD where the leadership team (especially Paul) really seem to know what they are doing and have ploughed determinedly ahead. I hope he will be enormously rewarded - the whole game should reward risk-takers, not corporate types - they should get decent salaries, no question there but they should not be paid ridiculous sums for basically being the mouthpiece for organisations that are basically running on auto-pilot anyway (it took even Jack Welch nearly two decades to properly screw up GE, even as he was being applauded by Wall Street as he took the thing to the knacker's yard).
Sadly, I have not mastered this Twitter thing. I am no Luddite (I have built two tech companies) but this Twitter thing has completely bypassed me, sorry....
GRH what's your twitter?
Sefton
that is a great analogy!
Many years ago, the airlines built a global datacomms network...biggest in world
it was used purely as their own network...
airlines being basically some aluminium tubes/av. gas/staff /toilet paper...
all held together by DATACOMMS!
Anyway the network was owned by The Sita Foundation (Stichling) in Geneva...
and was managed by SITA...John Watson
They then decided to allow their network to be used by other industries...
the effect being not just to defray the nodal upgrade costs but to generate profits (sideline income)
so they set up Equant ...
it then IPO'd as quoted vehicle
Some years later, they were VERY short of cash (as often the case due to capital intensive nature of business) and they wanted to sell quite a few shares in Equant
bear in mind Equant was created from thin air
They raised $7.6BN cash !
which was the distributed to the then airlines ...incredibly complex deal
I know a bit about it as I was called in to get the deal done (as Special Advisor to Riccardo Lippi who was then the Chairman of the SITA Foundation)
contact me by twitter if interested...I have done lots of deals/lots of tombstones
Hydrocarbons being 'merely' this stage of my life
ATB
GRH, really enjoyed that exposition of the opportunity that this company represents - and that is just in the 3 known projects. T
There is as much blue-sky application for this technology as could turn PRD into something really extraordinary. It reminds me rather of how Phil Anschutz built Qwest into one of the biggest telco's in the world by using the railroad easements he owned - he owned Southern Pacific Railroad at a time when railroads were viewed as useless dinosaurs - simply using those property and traversing rights to lie fibre-optic cable across the US.
So, Anschutz took a dinosaur industry, railroads, applied technology to it and created a truly iconic American telco - one of the really "sexy" spaces.
It seems to me that PRD can do exactly the same for an industry, O&G, which is currently viewed with about as much general affection as Ghislaine Maxwell.
To really blast off from a share perspective, it could really do with being brought to the attention of the likes of a Cathie Wood of ARK Invest in the US - in my view, probably the best tech investor in the world. There are not many like her (it would only be a hedgie, the institutional investors in the conventional asset management firms are just a dog-show) but when a player like that was known to have seen what this thing can do, 4p would be but a distant memory in the rearview mirror.
Rock on the day!
Couldn't agree with you more GRH.
4,5,6p is nothing for what is on offer here. Bod didn't sell a single share at 12p.
The market is waking up to this stock, the volume has increased significantly since march. The sizes of trades has also gone up.
Morning all
This is quite some distance beyond bizarre IMO
We know that PRD is soon to embark upon a high impact exploration well in Morocco (have I mentioned it before?)
As far as I know, it is the only high impact explo. well being drilled this year (I know) by a tiddler
It is on land and shallow ... with obvious attendant cost benefits
None of the mega deep sea stuff ( Cove...BTW consider the BoD names there/here)
Nor... dare I suggest...
the obvious costs of the Sound drills into the Triassic (my understanding of those wells being ‘better than many’)
It is being drilled by a highly experienced crew ...
with machinery already proven in battle, time and again
and which is easily brought into commission (WD40 required? )
The well is near to both local and European gas markets...
to which latter market it can be connected at little cost via a 21” pipeline
A pipe that already exists and has spare capacity
and which reverts 100% to Morocco within a few months (2021)
It is said to be 2KMs away...roll that around in your mind!
The very drilling of that well (and production to ONHYM of a report on it) is enough to trigger the release of $1m back to PRD ( the licence/money was thanks to CLN)
The success case being sufficient to propel several posters here into the ‘well off’ club...
and a few here into rather more than that
The EV of PRD is still below £7m...WHAT!!!!!!!
All of that is bizarre ...some might suggest
But no
That is not the bizarre thing at all...
nor even is the fiscal regime in Morocco...good that that is
BIZARRE is the fact that PRD has not one but two other projects on the go...in different geographies (clearest possible example of country risk mitigation strategy)
either of which is capable of creating quite a degree of surplus wealth for several here
any other company (never mind one of anything like £7m EV) would be awash with chat board discussion...
As I have said, we are a trickle of a backwater off a tributary etc...
Enjoy it while it lasts
Sure as eggs is eggs this is going to change
ATB