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.
This touched 0.68 just on day of Farm Out deal announcement.
Now we closing in on the deal approval, that level should be re-tested on way to +1p in my view.
No brainer at this price.
Not even looked at potential 1.5 billion recoverable from offshore South Africa with proven discoveries all around our licence.
South Africa -OIP estimate about 5 billion barrels
Hollybean, the 80% that keeps getting referred to is NOT the chance of finding commercial oil BEFORE they drill.
IF they find oil that flows, i.e. it’s a Geological Success THEN there is an 80% chance it can be developed commercially.
The GCoS here is much better than if it were a wildcat because of the data that already existed, it is much more like an appraisal well BUT these are by no means slam dunks.
As ever, DYOR.
Given the rise in PoO, that 80% is probably a bit higher, as explained in a post below.
The other prospective resources on the Thali bock have a best estimate NPV10 of over $1 billion at $86 Brent (It was $525m at $40 Brent in 2020). Check this on page 19 of your document.
Bishop The NPV10 at Brent at $86 is $270 for Njonji-1 and Njonji-2 fault blocks at Thali. Quite an uplift from $119.
Towers share will be 51 percent of $270.
Hollybean, a study by Oilfield International in March 2020 is posted on the TR website here:
https://www.towerresources.co.uk/wp-content/uploads/2020/03/Summary-Reserves-Resources-Valuation-Report-Tower-Resources-Cameroon-Assets-Effective-Date-10th-March-2020-Publication-date-12th-March-2020-Final.pdf
On page 18 you will see that the Best Estimate NPV for Thali was $119m. This was based on Brent at $40/barrel. The farm out would reduce that by 50% attributable to Tower. I keep meaning to try and rework it at $80!
Of course, as ever DYOR but that data gives you something to work on!
Have I got this nearly correct,drilling an 80%chance of an oil strike of hundreds of million barrels of oil at 85$ a barrel, and have a 51% share of profits,with potential of further drills in the same area,can anyone put some actual figures together my mind boggles trying to count in millions and billions,have a great day.
Knew it. Off she flies without me.
My fag packet calcs has this at 1.2p my optimistic fag packet calcs 1.8-2.2p on run up to spud.
Dont I feel a tit.
Slept well last night though.
Buyers are definitely there ask strong
Happy to wait until Q1 for this when spud is expected
Sell at 36.6p buy at 37.9p
The spread is not helping at all with volume either
If we get confirmation and all and goes ahead with beluga, a successful result would be a complete game changer for were trp is heading imo of course,16 trades would be x100 on day of confirmation at these prices its ridiculous wish i could buy more.
Looks like my buy in last week was well placed.
RNS could land at any time.
80% cos on first drill and thts just the start
Look at her go.
Just letting you know I've managed to offload at a acceptable ask surely good news as the volume isn't as thin and the SP is on the up. I was also letting you know when I was a buyer.
Can see the black stuff gaining 5% this week.
Anyone have any fag packet calcs on upcoming drill potential? Potential mcap and SP etc. New punters need some hooks.
Hi Smithy Don't know why you think we would need to know other than if of course as normal your trying to add fear / try to influence it to drop ? You also said the other day that you were not going to post again . Now of course its a free country and i also wish you no harm but you might be best spending your efforts on a share that you like rather than coming on here .
Mcfirth
0.425 next stop.
Going against the grain as always..... Managed to offload 50% over the last few sessions will continue to do so and try to squeeze a profit out of her.
strong buying again . Will continue to build into news
Agree +1p very much plausible on approval.
Brent crude now over $86
Its crazy. This could easy go 1p+ on receipt of the MINMIDT approval.
People are hesitant at the moment without that.
But will get locked out if they wait for an official RNS.
No chance you will be able to buy that morning.
hard to believe you can still buy at a significant discount to the recent placing with all that is due on the news front.
no one trick pony this one!
Et voila. . . . . ..