Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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From a Bloomberg repeating trail;
"Mistakes are made when you're forced to sell."
:)
Just a comment on the issue the HH2Z is facing. Whether the problem is being diagnosed to be be "routine" or " far from routine" the issue lies in the diagnosis. Taking on non-connate water (ie water that does not originate from the target reservoir matrix) is not a simple move a workover rig and fix it. There are several things that have to be done, given that the well is horizontal and dog legged, that take more time and more specialized equipment. A production logging tool (PLT) will likely have to be run on Coiled Tubing to firmly assess where the water is entering the well bore. I cannot imagine this is a pick up the phone and all the kit is available promptly as the major service companies will have that deployed in markets where numerous wells are being drilled. Once the issue is identified, remediation can begin. If toward the toe of the well, a cemented plug should do the trick. If from various points of natural fractures along the lateral length, then cementing a liner for zone isolated perforating will have to the be done. Either way, pretty routine, but not a quick turnaround on the UK onshore, I would assume. Patience is the order of the day.
The current share price is due to lack of new combined with the funding agreement that is drip feeding sells into the market on a daily basis. Would have been good to get some institutional investors on board at maybe more of a discount but who were obliged to hold there shares for over 12 months. But hey at least we got the funding we needed, now we need the news we've all been waiting for. GLA
I don't care if you think my advice is good. You never found me giving you an instruction to "act quick"
Remember ... a water re-injection well has always been in the plans. that all i'll say.
step i do not think that pi selling is to blame for the sp.from what i have noticed there have been a daily turnover in the region of 30 mil(apart from the odd day)and it has been going on for quite a while,which leads me to believe that they are being churned on a regular basis. i suppose the question will be "WHY". gla
Good grief there some people who are so called invested here that should pull there money and put it in the post office as they clearly have no clue about what they are invested in.
SS is almost a one man show at the moment and has more to do than hold investors hands by putting out an RNS every other day. If he employed more people you would all complain about the costs.
You seem to think that the country is awash with drilling equipment that is available all the time at a moments notice. Specialist equipment like the plug to cut off the water does not sit on a shelf on the off chance, it is a perfectly normal procedure but it will need the plug procuring and in all likely hood the rig back to get it down. None of this happens in few days. SS is trying to build a very small company into a big oil producer, a lot of you seem to think this is all going to happen in a few months it won’t. Either get in and put them in a drawer and forget them or buzz off, the constant moaning is very tiresome. At the same time remember you will be lucky to get 1.5% in a savings account, but if you put it in aim you can lose the lot very quickly.
Thanks for taking the time Steptoes. You'd think they'd at least have one crack at the whip considering it is "toe end" or even just separate out the water anyway? Considering the figures banded about regarding Wych farm and how much water they get... This silence is drowning me.
Well don't I feel like a right idiot. It doesn't ring alarm bells. Well I see you saying you have faith but then saying rings alarm bells? Alarms for what? Someone trying to get me to sell or someone actually giving me good advice
Scsiborg, You have hit the nail correctly on the head.
"quick quick act soon. " if that doesn't ring an alarm bell for you, nothing will.
good save!! act soon.
"I think they abandoning HHZ2?" - NO is the answer to that one
At a major loss here but I think they abandoning HHZ2?
Crane come and gone and didn't stick around. Still tankers are not increasing in numbers.
No public relations. All quiet.
No update and it's been a month. A month, not even a "pleased to announce optimisation works have been carried out in HH1"
Twitter now seems to be hyping up IoW. The market has moved on. Massive overhang. No light at the end of this tunnel.
I hope if I leave half in and I'm wrong and this does turn better... I'll make back my loses or some of them...
I don't have faith in SS. Should have got out when we got the 20 years planning and it spiked to 1.35. Captain hindsight though.