Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Interesting that you chose to make comparisons with Ukog value from years past.
Lets chose some more.
Present Mcap is £23 million.
How about March 2015 MCap £8 million, MCap now UP 190%.
or
How about 2014, MCap £3 million. MCap now UP 670%
Also maybe a simple maths course would help with your calculations. The maximum a price can be down is 100% when it is then zero value, or it would then have to become a negative value. Your "down 5000% " "down 111%" and "down 500%" are laughably mistaken.
Igas RNS Thu, 9th Apr 2020 07:00
"Operational Summary
· Net production averaged 2,325 boepd for the year (2018: 2,258 boepd), within guidance, while operating costs for the year were c. $30/boe (at an average 2019 exchange rate of £1:$1.28) (2018: $31.9/boe). "
Igas has lot higher production costs than Ukog.
Igas currently producing 1,749bopd from 26 oil fields, some with multiple wells. That is an average of 67bopd per oilfield at $30 cost per barrel.
Ukog producing currently, according to OGA, 243bopd from one well in one oilfield (HH) at only $13 cost per barrel.
Plus of course UKOG have an additional 5,400 barrels of oil per year from it's share of the Igas operated Horndean oilfield.