Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Manyana: "Is it just a colletion of pretty colours or do the colours represent something."
The colours represent depths. Of what, isn't clear. Providence have a whole bunch of 2D and 3D seismic products and gravity gradiometry. If I was to hazard a guess, that one is the BCU (the Base Cretaceous Unconformity), but what do I know? I am not a geologist (just a well read layperson).
Manyana: "I am sure it not a picture of the sediment on the floor of Barryroe."
Yeah, why would it be? The site surveys have nothing to do with that map (apart from their locations happen to be marked on it). They are seabed surveys to make sure nobody is planning to plant their Christmas Tree on a boulder. Ponder this in your tiny mind -- that map on slide ten covers an area of over 1200 square kilometres. The site surveys are designed to be exactly 3 kilometres on a side. Are you suggesting they shot 1200 sq. km. of seismic from three postage-stamp-sized surveys, one of which HASN'T EVEN BEEN DONE YET, and NONE of which involved any seismic? I know you're a computer guy, but you need to check the ole' logic module.
Manyana: "And, why did Providence say they "bought" seismic information..."
Because they did. How else would they get it? That bulge in TO'R's pocket was his oversized paycheck, not a hi-tech survey ship.
Manyana: "... and why did they pick "K" as a position when they already had two sites at "A" and "B"."
Good god man. Surely it's obvious even to a non-specialist that nobody knows what is down there until they actually do a successful drill? Until then, they have to apply their expertise based on the seismic and exploration drill results, and make their best guess about the most prospective appraisal drills. The K site has two advantages that I know of (and remember, I said I'm not a geologist) -- it's in the side wall of a hanging valley and therefore part of the structural closure they have mapped, and it also has the opportunity to test a deeper Jurassic target as well as the Wealden (Lower Cretaceous). You may remember the APEC era plan was to drill a well on the K site with a side track to the Jurassic.
Manyana: "Thick as you are, you have not answered any of these points even though they are self explanatory. And, friend, as for "teaching" me, I suggest you teach your grandmother to suck eggs."
LOL. Fascinated to hear YOUR explanation of these "self-explanatory" points. You still claiming that a sonar survey can find a billion barrels of oil? ;-)
Sorry ment to read DomDu
Dumdu,you last signed off with "ye silly silly people"
Can I ask as a long termer and one that has read copious amounts that are in the public domain, what you can share happening with PVR in the future given the lack of direct company communication.
Is it just a colletion of pretty colours or do the colours represent something.
I am sure it not a picture of the sediment on the floor of Barryroe.
And, why did Providence say they "bought" seismic information and why did they pick "K" as a position when they already had two sites at "A" and "B".
Thick as you are, you have not answered any of these points even though they are self explanatory.
And, friend, as for "teaching" me, I suggest you teach your grandmother to suck eggs.
Manyana, I've just educated you about what the seabed survey entails. That's not nothing.
As for your slide 10, I've no idea what you're asking. Feel free to elaborate.
So, ps200306, as usual you contribute nothing but are happy to criticise others so explain the following:
Is the slide 10 in:
https://www.providenceresources.com/sites/default/files/providence_resources_investor_presentation_october_2020.pdf
Would seem to me, if it is just fantasy, that somebody went to a lot of trouble to create it.
So, how do you explain it and what does it represent or is it just a figment of their imagination or how did they construct it?
Let's hear a proper answer and not just a whitewash as you usually do.
swizz: "ps, the survey is a key element of the licensing agreement and lease undertaking, so I would suggest it means a lot more to the drilling and development plans than your suggested “diddly squat” "
Yes, of course it is an important part of the *permitting* process. However, what I meant is that it has no bearing on whether PVR manage to raise the finance for a drill, which is the number one obstacle right now. The survey is completely immaterial to that.
Manyana: "Perhaps they have "unofficially" surveyed "K" which they could have done unofficially when they did "B" because seismic is now far more advanced ... So now are they just going to officially approve "K" with information they already know? ... And, I presume, the results of the survey will form part of the Financial Review as I am sure whatever they find in "K" will be reviewed by Schlumberger who are, after all, the specialists in seismic analysis ... An interesting point, if "K" indicated there was say 1billion barrels of oil down there would anybody dare prevent the development? ... Part of the survey included the statement they were going to do a "Shallow Geophysical Survey" ... That sounds like sub-surface analysis to me."
Manyana, you have completely the wrong end of the stick here. They survey is a side-scan sonar, magnetometer and photographic survey. There is no seismic involved. Side-scan sonar, depending on frequency and seabed composition can penetrate as little as one metre and up to a couple of tens of metres. That's why it's called a *shallow* geophysical survey. The basal Wealdon is more than two kilometres down and the Jurassic further still. The survey is for assessing the state of the seabed for drilling. It has literally nothing to do with any further discovery of oil, let alone being able to indicate if there's a billion barrels of oil. That can only be done by extensive appraisal drilling.
And no, they didn't sneakily survey "K" while doing "A" and "B" because a) they weren't out there long enough, b) they couldn't afford it, c) the idea that the operator would agree to tow 300 metres of cables and expensive equipment in an unannounced location without required legal notices and risk never being allowed to operate in Irish waters again is fantastical.
ps, the survey is a key element of the licensing agreement and lease undertaking, so I would suggest it means a lot more to the drilling and development plans than your suggested “diddly squat” ….GL S
Why "silly silly people"? We knew the survey was happening. It means diddly squat for whether Barryroe's gonna get drilled.
https://www.marinetraffic.com/en/ais/details/ships/shipid:291020/mmsi:250089000/imo:9154842/vessel:CELTIC_VOYAGER#:~:text=CELTIC%20VOYAGER%20(IMO%3A%209154842),her%20width%20is%208.62%20meters. Ye silly silly People ....