George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I wouldn’t want any of the well behaved trolls on here to take any inspiration from the hate poster on the other channel, over 40,000 posts > 10 years, but it’s got to be a positive sign when trolls are so desperate they make stuff up !
12bn24 Apr '24 - 08:56 - 21218 of 21232
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So everything depends on the Chevron deal completing in SEVERAL months time. This may not complete at all if Chevron decide the 3D seismics don't warrant a completion. This means your shares could end up with very little value at all and several months time things could change a lot. RISKY.
arrynillson24 Apr '24 - 10:26 - 21219 of 21232 Edit
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Disgraced Compulsive Liar 12bn - there you go again with your lying - why make up this shyte !
The Chevron deal is subject to approval from Uruguay Government, that much is true but why make up that it’s also dependent on seismic ?
Always the same 12bn - when you’re on the ropes you become more and more desperate - people on here know that - it’s why you’ve got a FILTER LIST LONGER THAN SCHINDLER!
I’m posting up below relevant paragraphs from the RNS dealing with the Chevron deal. The cost of 3D seismic is clearly not cheap, up to $15 million mentioned in the RNS.
Try and follow the logic here 12bn, BEFORE Charlestown financing announcement you were telling us daily, sometimes multiple times daily, that CEG were rapidly running out of money. How did you think that CEG would complete 3D seismic, before completion of the Chevron deal LOL!!!!!!
· Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business.
· Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay.
· Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay.
Not absolutely true that it is rubber stamped. There are always hurdles and unknowns, but this is their first public declaration of intent.
IK Thanks, noted.
Nas - Real friendly word - the only reason I alluded to SIE is it is correlated to CEG.
If you talk about other stocks you give ammo to the defamers/disclaimers/Trolls etc. on here .
You do not deserve their attention so please beware mon ami.
XX
GL
IK
Eco Atlantic and Pancontinental are on my watchlist, I'm expecting some news/activity in Q3
2000%+ jump from here for both myself and willeck. Hmmmm……
Interestking, you're welcome. I've been in $SEI since March. I'm hoping Robert can work his magic here like with Sintana :)
Nas - Thanks vm for the info.
I bgt a few SIE the other day based on recent events.
Cheers.
GL
IK
For anyone interested, Sintana will be presenting at the Africa Energies Summit on May 15th , 2024
https://app.frontierenergy.network/widget/event/africa-energies-summit-2024/planning/UGxhbm5pbmdfMTgwMjQ5OA==
Norma. Good find!
With news is Chervon's report it basically rubber stamps the deal or why else would Chervon mention it?
VERY STRONG BUY!!!!
Normas - Good spot mon ami
"Entered an agreement to assume a 60 percent operated interest in Uruguay’s AREA OFF-1
offshore exploration block, subject to customary closing conditions."
That is quite a positive development for the unsure prospective shareholder I would suggest as Chevron have gone in print as to the deal.
GLA
IK
Uraquayan waters are the new Texas!
☺️
Down over 90 % from 6 years ago got to improve some yet if it ever does ..atb
…and nice to see Chevron mention OFF-1 in their Q1 earnings report, published today. Third bullet point under Business Highlights and Milestones.
Up 222% in the last 6 months......
🤭
Ty, autocorrect.
Charlestown*
In the last 6 months—share price currently almost 4X, farm out agreement with Chevron (which includes $12.5M up-front payment), and now a £1.5M strategic investment from Charleston (who successfully invested in Namibia—Uruguay’s geological mirror).
New investors can take the word of a specialist energy investor in Charleston Energy Partners as to the potential of CEG, or the word of trolls talking about 6 years ago.
GLA DYOR
Haha willeck. How big has the drop been in last 6years? Long way to go for your breakeven!!
Nearly 400% rise in 6 months!!!
Momentum like a sp rise of .045 to .16, a 60/40 farm out agreement with global super major Cheveron, and a £1.5M strategic investment from Charleston Energy Partners? 🤭
GLA DYOR
VERY STRONG BUY - will help us and demand for the share will continue to rise.
VERY STRONG BUY!!!! from here
I see the same old and some new (reincarnated) names continue to blow hot air and waffle on this board day in day out in a desperate attempt to create the illusion of momentum...
F.Y.I
Drillship DS-17 is due to arrive in Argentina this week, local media outlet Eolo Media reported.
The vessel is tasked with drilling well Argerich-1, in area CAN-100 of the Argentina Norte basin, a license held by Equinor, YPF and Shell.
According to shipping website VesselFinder, DS-17 is due to arrive in Mar de Plata, Buenos Aires province, on Wednesday.
An environmental license establishes the drilling work window runs between December 15, 2023, and June 15, 2024.
BNamericas has contacted block operator Equinor for comment.