Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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"Hi Mirasol. Does he have a different id on ANGS & UJO?"
:)))))))))))))))))))) hard to keep up TBH - Scarlet Vixen is one currently in use but i see we have a new Friday poster in selo on here on a Friday afternoon...............
Mirasol
"Talking of fools where's Honest Ozzy?"
Over on ANGS desperately trying to push 3p and also on UJO
Hi Mirasol. Does he have a different id on ANGS & UJO?
"Talking of fools where's Honest Ozzy?"
Over on ANGS desperately trying to push 3p and also on UJO
maybe back here around 16;30
Talking of fools where's Honest Ozzy?
better to be thought a fool than speak up and remove all doubt
More than that, it was posted so that a debate would follow - and you all fell for it, adding oxygen to that unscrupulous Ocelot’s ego. He should be banned - constantly dreaming up lies and rumours - and let me assure you - it is NOT for your benefit…. But if you are foolish enough to engage with him, then you deserve to be fleeced…
gwilliams71,
My post of 12:13 begins:
"Supposing an interested party wanted to acquire 25% of the Loxley project today, ...".
So the post was based upon a supposition, ie it was hypothetical.
more completely unsubstantiated comments ocelot ? Again I very much hope you don't convince some mug to invest with your pie in the sky, unsubstantiated tripe
farmins are highly variable - you aim for a 2 for 1 - someone pays 100% of the cost of a well for 50% of the interest - but it all depends. If money is really tight you finish up like Argos in the Falklands - they farmed 100% of the interest in return for some cash and a small override to Nobel years back - and they didn't even get a well drilled - but they did get the acreage back when Noble walked eventually without drilling.
Ocelot,
you may not have asked me but:-
For 25% - 25% of costs going forward only
But they would have to assess the risked NPV based on their assesment of risk and possible reserves / production which might be very different from UKOG's.
sorry - only available for 36 years
"Supposing an interested party wanted to acquire 25% of the Loxley project today, how would you value that 25%?"
Clever Ocelot - you fly a kite as a questions and people are now talking as if it could happen. Loxley (aka Godley Bridge 3) has been available to farmin since 1986 - that's 46 years and no-one has taken it up. No significant new data has been acquired for over 30 years . The value is therefore clear.
ocelot
So what. Nor are ALBA.
Ibug,
Why are you talking about yourself? you are not, as far as I am aware, an O&G explorer.
ocelot
What makes me different? If I was interested I have the cash to make a bid. I just prefer to make my money in other businesses.
Ibug,
Not talking about you, talking about an interested party who wants to acquire 25% of the Loxley project now, before commerciality is confirmed and the potential price has risen, ie an interested party in the nature of an O&G explorer.
ocelot
I wouldn't as I would not tie up my cash for that long a period. I certainly would wait until they had all the conditions approved and funding for the build, drill and testing for the first 3 years.
Ibug,
Supposing an interested party wanted to acquire 25% of the Loxley project today, how would you value that 25%?
Would you say: production zero so value zero?
But in that time they will still be flaring the gas. Then they have to go through the whole planning and permission process to drill the production well, test it before getting all the gas permissions to export it.
"The construction, operation and decommissioning of a well site for the exploration and appraisal of hydrocarbon minerals from one exploratory borehole (Loxley-1) and one side - track borehole (Loxley - 1z) for a temporary period of three years involving the siting of plant and equipment, the construction of a new access track, a new highway junction with High Loxley Road, highway improvements at the junction of High Loxley Road and Dunsfold Road and the erection of a boundary fence and entrance gates with restoration to agriculture."
August currently up 13.8% at 314.63p.
Q4 22, Winter 22, Q1 23, all well above 400P:
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253322