Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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O/T AET
For what it's worth I wrote this:
AET is not the operator 10 Aug 2022 09:58
This is of concern.
The speed of change and changes willing to be made will all depend on the cooperation of the operator.
Also waiting on various Government approvals (as have recently experienced with TXP, where delays halved the share price).
AET does not seem the master of its own destiny here.
Hope these questions will be raised in the presentation.
Maybe need to see how this relationship progresses in the coming months before jumping in on the headline figures?
Bomber….
O/T …” off subject have you looked at AET? Any thoughts.......”
Just had a whiz through their latest ppt. Yes will do well in African energy transition and they have production.
Just be aware of how long things take there. I hold large positions in SEPL (for income) & SAVE (future income) both doing transition deals atm. So I have enough exposure and hence haven’t dug any further into AET. That is also why I haven’t bought CHAR another good opportunity. Gotta draw line somewhere.
Good luck with your investments
Usual caveats
Trek
Trek I agree we are on a winner here - off subject have you looked at AET? Any thoughts.........
Sturm not sure I follow your PI argument but concur fully regarding "majors" lol.
They aint going to be interested in us with SPT currently as is and, unless we can prove up at least 2 tcf!!
I can see the roll out of the 20 CAD per share prices again!!
Nope, to warm where l am looking and not needed.
Sort of long term tractor review based on what's to come and the final goal when the wall hits.
We have been waiting so long.
Do you need new Windows? My mate Stan is a double glazing salesman?
Might as well go window shopping when on hols, plenty of time to wait.
Majors are busy going green. TBH they CBA with TT and the silly tax regime either.
And there are PI's gallore here. Meaning anyone trying to take advantage of a low P/E etc. will meet another reality (i.e. a higher SP) once the first 5% of shares have been acquired. You can't go to 20% here without moving the SP at least x2 IMHO. And it's not getting cheaper after that.
Depends on the pe ratio
Would we get that far without an approach from a major?
Just for stupidity comparison to M & S, apples and oranges.
From memory Marks has 2,000 million shares at 136 for a net profit of 76 million. If we reduce there shareholding by a factor X10 then there price moves to 1360, while our profit is technically
twice that. So with a reasonable holding multi comes into play and all you have to do nothing, if it was that simple.
That’s how I came to a £1bn mcap with no debt. That also represents a reasonable discount for a 36kboepd company.
Expansion would be funded from existing revenues and any bridge from RCF.
Or a trading range of £5-£6….
Then we have the upside from Royston/Kraken etc…
This company with a good tailwind and a bit of luck will make many patient investors here millionaires with significant dividend incomes to look forward to.
The difficult bit is to do nothing for 3 years!
Usual caveats
Trek
By 2023, the Touchstone Exploration (Trinidad) Ltd Cascadura Field project is expected to produce up to 200 million standard cubic feet per day (mmscf/d) of natural gas with the aid of its new separators.
On Friday, the company revealed the equipment, which was housed at its Forest Reserve Road, Fyzabad office. The large CAS-1 ST1 and CAS DEEP-1 horizontal separators and the vertical flash separator were shipped from Stettler Alberta, Canada, while the vapour recovery units were shipped from Midland Texas, USA.
Touchstone said, when Cascadura starts production, it was expected to start at 60 mmscf/d and then ramped up to 90 mmscf/d by end of 2022 from the two existing wells.
Exploration manager Xavier Moonan said, “The Cascadura field, from getting all that data from these two wells, we were able to establish that there's potentially 700 billion cubic feet in place. That's impressive in onshore gas fields. That makes it actually the largest onshore gas field ever discovered in Trinidad.
“Natural gas will go to Point Lisas but there are also liquids (condensate) which will go via a pipeline, that we will construct southward and that's where we will be able to add oil production to the country as well.”
So based on fag packet Coho pipeline is 20mcf per day, bring both pipelines to 220mcf per day which equates to 36,000 boe per day.
From Directors talk PB after 20,000 boe per day at 30$ profit per barrell equates to 600,000$ per day X 365 days = $ 219 million in profit, comparable to a 200 million market cap, must be the wall of cash he is talking about and he wants to fill the pipeline onto, am l wrong or right.