Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Bladesman,
With all due respect, please do some basic research into this Company, the answer to your question is all over Investment announcements from Company
Please look at
http://clients3.weblink.com.au/pdf/88E/02174284.pdf
You surely haven't invested without fully researching this Company, if you haven't yet invested , please read all you can before you do.
BB£2
Miloh, why do you keep banging on about cash raises ? Everyone knows that these are necessary for small speculative oil explorers, we will get plenty of notice for the next one , this will have to be done as part of AGM or extraordinary AGM as shareholders will have to vote either as normal option of 15% of shares to be issued as and when Company requires as normal Or as a specific, can't happen till AGM or seperate vote ( all 15% allowance used up this year ).
BB32
Only thing wrong with summary is that HRZ should not be included, this is not included in PMO farm out so if and when HRZ is successful it will be 100% to 88e or whoever farms in for the HRZ
Please ensure every one reads correct information. From 88e Investor presentations and the DYOR. Don't rely on someone else's info
BB32
LTI,
Several others have also said "PMO" still doing the drill , this is not correct. 88e are the operator and we are doing the drill they have just put up the money.
They are using our previous experience and Erik Opsted's vast knowledge and successful drilling experience in Alaska
Just a technical point but worth mentioning for any new readers of this site.
BB32
Just to add to conversation - info from Sept investor presentation shows depths of targets - page 10 ..
700ft gross oil bearing interval from roughly 10,500ft down
http://clients3.weblink.com.au/pdf/88E/02141921.pdf
Will be interesting
BB32
V111JAS,
Totally agree, how about this......
Erik is the key....
https://wcsecure.weblink.com.au/pdf/XCD/02172094.pdf
Also
https://wcsecure.weblink.com.au/pdf/XCD/02194308.pdf
Just musing out aloud ?
It's late and mind thinks very laterally...
BB32
V111JAS,
There in lies the $64m question why?
Exciting journey .
Bit like your football team being relegated twice in a couple of years , getting promoted once, fighting and just failing to get promotion again, football getting better on the verge of play offs, can they do it this year ? Could they then do a Leicester City and win Premiership at 2000/1 ? Next year ....
Let us hope this time it is more exciting than raising the money just in case !
Soon find out ..
BB32
This should not come as a surprise, we have seen this before, a very prudent move we have seen the SP double since September , there is no doubt a lot of interest in 88e .
Dave will have a reason for this .
1. Safety net just in case... ?
2. Someone has offered to buy in ?
3. Another crack at Winx ?
4. Funds to progress Yukon?
5. Funds to progress HRZ ?
6. Something new ?
We will all find out soon enough, judging by some of the comments on here in last few days it could be a good thing as many wanted SP to go down to allow them to buy in lower, well this should have that effect..
If the conventional is anywhere near what the potential of this drill is another few hundred million shares onto the 6.8bn won't really matter...
No doubt the naysayers will scream and shout, but without cash we would not be in the enviable position that we are in - one of the largest acreage's with a great deal of potential .
We just need to find and proove the oil that is in our acreage to make this Company into a very saleable entity which is what most Long Termers bought into .. The possibility of a mega reward
Interesting times - I 'm still in it for the longer haul , and end game.
BB32
Nearby lease owners = Jade Energy = Erik Opsted
https://www.alaskajournal.com/2019-04-17/indy-drill-oil-point-thomson
All coming together nicely
BB32
LTI,
That's the fun of this investment game, you may be right, or Stanman could be right, there is no doubt the potential is there , if all zones show oil and at commercial levels then even 16p could be on low side.
What fun we are all going to have in next few months, it wouldn't do if we all had the same thoughts and getting out strategies.
Best of luck to all investors.
BB32
LTI,
Not wanting to get into Share Price guessing game, but what everyone needs to remember is that his share options do kick in at 3p but this was to reward him for his work, this has no relevance on sucess of drill, he merely has to get SP above this figure for a period of 6 months I believe for these to be awarded.
So on proof of oil, the SP could well spike especially with all of the roulette players of AIM.
BB32
Info from last year about Nordic 3 travelling speed ....
https://finfeed.com/small-caps/energy/88-energy-releases-winx-1-update-rig-now-mobilised/
BB32
Don't forget that the number of individual shareholders also includes the possibility of 1 person having 2 accounts -
SIP. &. ISA's.
As I have both and my wife has an ISA we are 3 shareholders as per voting rights , so come on who are the other 2594 ?
BB32
ShrewdOperator,
Just to ensure others don't assume... Seen someone else mention this,
The option for PMO is as per Conventional farm out Announcement 23rd Aug 19--
Additional Details
? Premier has an option to earn 50% working interest in Area B or C by spending US$15m, if the Charlie-1 (Malguk-1 appraisal) well in Area A is successful
It is not for both areas ..... Dave has played a blinder here, as when we proove oil in A , value of B and C will go up, so PMO can take up cheap option in one or other, will have to renegotiate for both or we can farm out to someone else for hopefully more for either B or C
This can be a monster discovery especially when we crack the HRZ
( perhaps I'm ramping for a change, so better tone it down, "this has the potential to be massive,". let's hope it is transformational as Dave has said !)
BB32
Chrome,
To save you some time, very interesting thread started on ASX Hotcopper 88e site by Proselenes
https://hotcopper.com.au/threads/charlie-1-target-valuations-mean-low-high.5155207/?get_post=true#.Xh7xtVffWh8
At least some reasoning applied...
No disrespect intended. Better than asking open ended question with impossible answers from the multitude on here!
It depends what mood some are in at the time or what strategy they are trying to spread on any day....
Best to do own research, don't trust anyone, and as always stated here read between above and below the lines..
You may spend your time better by looking at Company website 88energy.com investors presentations, share chart over 5 years and for add info take a look at wiki site set up by long termers on here.
http://88ewiki.wikidot.com/latest-88e-news
All the best
BB32