Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I did join the link, but missed due to work. Not on youtube yet but will post a link, when comes up.
What a share.
a thought that crossed my mind, the old wells drilled in the past at Casadura and Chinook did not really show any gas
probably due to technology and the way they were drilled. Yet Royston we have been told has 800ft of pay and gas showing.
Assuming Royston was drilled as the other two, does this mean with more gas showing at Royston we have more gas at larger pressures indicating 1/2 to 1TCf of gas. Just following trail of bread crumbs.
Moneydan, the JunkyMonkey summary is good. The presentation is still online https://event.webinarjam.com/replay/692/7vvl8b7nxi428izovtr370 but you can't scroll through to the bit that you need but the edited versions should be online shortly anyway.
If you need to record in the future I can recommend FlashbackExpress free version which has worked for me in the past.
Interesting on the geology. I didnt appreciate that this was a valley and turbidites on the side of the hills, if I got it right. And the significance of hydrocarbons in the lower sand sheet of chinook and the size of cascadura deep; and for PB to raise the possibility of cascadura deep and chinook being connected seemed to imply that the size of resource could be even bigger.
This is my favourite share in my portfolio too - it's my only one. Literally bet the house on it. Paul was very clear he thought if it went to an auction then nobody could pick them up on the cheap as too many interested parties out there.
This coy is looking and has been looking "World Class" from day one!
Great presentation by CEO. Only worry for me is a takeover. This would be a no brainer for Shell etc. This is one of my favourite shares in my portfolio. It just gets better and better. Huge potential. Good luck , Brighty
According to the e mail i recd - they need approval to test - which takes time - and as the road is shared - they either got on with casc - or delayed testing - will post e mail - if you want
Tidd83 thanks for Sharing Junky Monkeys excellent summery. My master plan of recording the presentation whilst putting the kids to bed failed spectacularly, as unbeknownst to myself the free recording software was limited to 10min :(
My god if Chinook and Cascadura are connected that would be a step up even for the amazing finds/prospects Touchstone already has on the cards. I wonder if the decision to not test straight away has anything to do with wanting to test connectivity between the two (I realise they state safety reasons and in my mind it's more probably down to financial reasons).
A capital rise in the current company circumstances doesn't concern me in the slightest, TBH I half expected an RNS yesterday with Paul then using the presentation to explain the reasons. In-fact I'd see a small call to market as a bonus, as it would enable the company to speed up progress on the block.
Tidd
I am over the moon tbh - not worried about immediate reaction - but in thenear future - this share will be worth a hell of a lot more than it is today - there were negatives - possible placing - competitive gas pricing - however when you are spouting out millions and millions of cf of gas - at a profit - the needle will move - the fact that PB said there will be many players in the market - either soon - or upon further success is also very exciting - hold and add on dips for £2- £3 pound in short //medium term - ALL IMO - DYOR
2/2
Oh, and the last thing, but very important thing - Paul says there are so many different potential buyers on the island, so that it is not going to happen that we get this stolen from under us. There would be a bidding war since so many parties are interested in the gas, and we will get fair value if and when this event occurs.
Fantastic, time for a beer or 3 for 3 beers :-)
Sharing Junky Monkeys excellent notes from ADVFN for all those who missed the call;
My highlights scratched on the back of an envelope:
Anticline Heart of Fairway - 3D Chess Match - We have the heart of the watermelon, no need to branch outside block.
Full Cycle now, not a well by well thing anymore.
3 Rigs ...... Gonna get me in trouble but 3 rigs ..... Bring it on I say!
Capital raise - not going to make any decisions now, will use debt where appropriate. I can't imagine they would even consider this before Cascadura Deep is finished and tested as well as Chinook. Royston would likely be funded with capital raise is what I interpret him trying to say. That will likely happen at a higher price I would also say the interpretation there could be. I'm not going to sit out and wait for it ....
Cascadura could do 10,000 boepd, but the pipe in the hole can't handle it. WTF! Can we have more problems like this please?
Chinook more significant that Cascadura + hydrocarbon show in lower sand sheet for first time. Getting a stiffy for that virgin sand?
Chinokk, at least in Paul's book is WORLD CLASS !!!! Go back and read that sentence a few times.
Cascadura Deep is a very large structure - well bigger is usually better, go Paul.
Chinook and Cascadura could be connected ..... STOP THE BUS! Get a drink ..... Start the bus again. %¤/"% Yeah.
Royston significantly de-risked - we knew that ......
Jan Feb Coho pipe - 57 meetings with locals due to Covid can't have town hall and difficult to go fast with under Covid since hasn't been done in 20 years on island. Government covering it's rear and going slowly.
NGC hopefully next month - will not be able to divulge specific gas price due to competition would gain advantage via info for end users costs. Gas will be priced in range as otherwise in Trinidad.
Rig moving this week to Cascadura Deep. Should be spudding within Nov 4 window I would think.,
Pools not spilling into other blocks, pretty well confined by faults, they doen't see any issues here yet.
Testing equipment used will be same, Covid makes bringing in from outside more problematic, and the data they could get with this equipment was good enough, did not need to have the additional drawdown.
Safety issue due to access if trying to test Chinook while drilling Cascadura is not acceptable to have two simultaneous operations on same access road. Fair enough, this is the oil industry who take the HSE thing very seriously and many times much too seriously. Incident days get reset to 0 because some slipped and scraped their shin. Don't ask, if you haven't worked in oil, you won't understand how utterly ridiculous it has become.
But anyways, switched on hostess, yes, we do view this as our company, because it is! She had good questions and was obviously paying attention, so would like to see her back. Well done again by Paul, and of course very well done by the TXP team!
Oh, and the last thing, but very im