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.
I was so angry I looked at the map upside down.
Why in the world would you delay Cascadura hookup and cash flow for the Royston well? Have absolutely nothing to do with each other, and to suggest such is ridiculous.
East West West East it's all the same to some!
All I was saying was that I can understand how an Operator can be frustrated trying to bring first gas to market in a greenfield environment, and so I would not be surprised if Royston goes down before production kicks off. I also said I'd be pleased to be wrong.
How can that be so offensive , never-mind misleading.
Big *"£$!%'ing Deal Dude, get help, and then get a life!
Junky Monkey,
Again I apologize, clearly you are deeply hurt by my opinion.
Remember, opinions are AH's, everybody has one, and is entitled to it.
I believe you can get help for what appears to be an anger management issue.
Good luck finding therapy.
Cascadura is west of both pipelines and Royston is east of both pipelines.
You can’t stand tardiness, I can’t stand laziness. If you we’re actually paying attention in class, you would see why a bunch of the stuff you posted is garbage.
I don’t really care if you personally are lazy and confused, but it will potentially confuse new potential investors that come to the forum scratching the surface to present them completely inaccurate information concerning pipelines (the plan for shortest routes of tie in points is solid, and actually not Touchstones responsibility), processing equipment (done at well head, or in local clusters, not one facility for the entire Ortoire block - WTF), and seismic (Royston doesn’t need it completed in order to drill - it’s well twinning, like the rest of the 1st round exploration program).
Maybe not a bad thing with a new oil minister that wants to make his mark and get the wheels of increased production rolling fast. After an initial slowdown in the department due to the transition, it looks like he is really pushing to fast track projects and reduce red tape.
Also good they have this group telling them how to get increased investment and hence production in Trinidad. SPT and royalties need to come down or be eliminated. The tax burden will ultimately leave them with less, not more, due to stranded assets. Very good that they understand this.
My apologies Monkey_Junky. Certainly no offense intended.
Druid - why in the world would Casxadura have anything to do with Royston?
You should use the minutes you spend typing here (and wasting our time on nonsense) on small things like looking at the map in the presentation where you will clearly see that Cascadura is on the east side of BOTH the Gas and Oil pipeline and Royston is on the west side of BOTH the Gas and Oil pipeline.
Or maybe your silly brain would build a bunch of pipelines all over the Ortoire block to consolidate everything at one single processing facility?
What would you then do in the 2nd round of exploration, build another round of pipelines all over the block to a second facility?
Stop posting rubbish.
Thanks Scott,
I've been in there since early as well, and have thoroughly enjoyed it.
I am not as familiar with the status of gas processing and sales infrastructure as you are, I just assume (from past pain) that the startup of any gas processing plant and new production facility is so traumatic on a new field, that I can see it waiting on the last phase of Exploration...civils, seismic, drilling.
I confess to a strong exploration bent....sort of, get it done right the first time and then it gets FOUND. ...It always comes out the ground eventually , always later than you thought.....but in a robust program, todays painful delays pale into insignificance as the happy little LACT unit ticks over year after year :-) !
I would be very pleased if it was all ready to plug and play on sales, but I just sense greenfield projects create their own schedules for whole plethora of reasons...I'd be pleased to be wrong!
Have a good weekend!
Like that PB was thanking the Minister re untangling issues on Coho.
Bodes well.
I'm not so frustrated, just want them to focus. I have owned shares since day 1 in 2014 (from my Petrobank shares). That excludes me from the "overly impatient" camp.
Just a few points, not really disagreements, just another way to look at several of your points, which I appreciate.
1. There is NO reason not to hook up the three wells that are ready to go, especially when they are extremely close to trunk pipelines.
2. Agree they could wait on Royston before deciding where to put their first batch of development wells. But Royston will require a separate spur from the trunk pipeline no matter what. They should not wait to hook up current the two Cascadura wells (or the Coho well) because of anything happening at Royston.
3. They are not using a new rig for Royston. They are using the same updated rig they used for Casca Deep. (the only one like that on the Island). The new Canadian rig arrives in September - or thereabouts. The are building a new road (or at least improving the surface of the one they have been been restoring).
4. I will look at CEG.
Have a great day and weekend.
I sense your frustration Scott, and your regular disappointment at progress.
I can't stand tardiness myself, but in this case, if it was me, and it isn't, I would hold off on any major work until Royston was down. This is because it is a much bigger prospect in every sense, from the size of the rig to the size of the structure, to the length of pay on the old Shell log and the possible prize. So...
It may make sense to understanding Royston, before pressing ahead hurriedly, so that overall block operations can be scoped, scaled, and scheduled appropriately, as development will occur in one fell swoop, regardless. So why start the development with the wrong focus, and the wrong scale?.. Royston is the last well in the exploration phase after all, and the biggest potentially, and so may drive the overall development plan?! I'd like to see the exploration phase successfully completed, but that's just me.
Some things are best done in series...A new rig and a new road are being prepared for this well, and I understand the weather is horrible. So I expect delays.
Exploration/appraisal requires careful work, and in these parts this typically lasts anything from2-4 yrs after discovery, and then it hopefully produces for 25, like the neighboring analogies in Shells Central Block!
As an aside, If you wish to see some fast action at a racy pace, I might suggest you look at TXP's neighbors CEG, who have a play which will resolve itself in a matter of weeks, and should provide all that excitement you crave! And if you make a buck, put it back here before Royston goes down! :-)
That's the best I can do to alleviate the boredom, I hope it helps!
TXP need to look for Hydrocarbons now, not look to get rich quick..... the money will come as a consequence..
Another reality is the available Human Resource, for a small company punching well above it's weight!
I don't want excitement here, even though I'm a shareholder, 'steady as she goes goes' will do nicely, after their track record so far....Real projects can operationally never satisfy the market's need for quarterly report timing, but they can be scuttled by it!
Thanks for the link. The news coverage is always good, pretty much based on last London presentation. But it is also true that don't need more talk or videos or presentations or pr pieces . Paul has already proved that he does all that very well. But it is not having any positive effect.
Like I said - what they need is:
1. Pipeline connections (for three wells all set to go, Coho, Cascadura 1ST, and Cascadura Deep).
2. Sales into the pipe
3. Revenues
That is all that really matters right now. They need the cash (and the pipeline access) to drill the development wells at Cascadura that will quickly (if there is such a word in Trinidad) that will quickly ramp production to 200 mmcf/day.
Royston spud will be nice and should occur in next two weeks. But that will not move the needle by itself . A Royston discovery would be huge of course (and should bump the shares) , but that is two months away and test results from the Royston well (if a discovery) will be a few months after that.
And they don't have cash to do much at Royston (in terms of surface facilities and development pads and development wells) until they get Cascadura ramping and bringing in cash. They also need cash to put the Canadian jackknife rig to work when it arrives in September. They are committed to a $1 million fee to get it to Trinidad and then 120 days of drilling a year for three years. They simple NEED to get Coho and Cascadura on production.
some weekend reading material??
https://energynow.tt/blog/energynow-issue-37