Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
First off it’s great to see the bod coming out punching..
But the peak flow rates were at minutes rather than hrs and surely a JV partner would want to see a consistent flow for a least 48 hrs or so before ponying up cash
As I said yesterday it’s no secret that PANR our neighbours we are collaborating with are further down the liane than us.
But there is the bond to clear (no idea why they don’t just do an equity raise to wipe it as it’s not huge) then the more significant cases of getting those horizontals down flowing and into production which will involve debt and no doubt some equity.
88e is at this point a ‘simpler’ investment as we are on the cusp of hopefully flowing another zone and production (and the expenses that go with it) is some way down the line.
Both companies neighbours and with great potential but at different stages in their development and proving up the assets.
I am the only one that finds it somewhat bizarre there is a war going on with some posters on PANR v 88e when the 2 companies are actually collaborating as we speak?
Yes PANR have more oil but 88E have no debt.
Apples and oranges but much like a discovery in Namibia what’s good for one company is good for the other!
Last time a flare pic came out over the weekend followed by RNS (ANN) on ASX;
Zone already flowing at PANR so massively derisked….
Could be a very tasty week next week, also, expecting some bullish announcement on the unquantified NGLs that flowed in the previous zone
Personally I think the drop was simply to get the London price closer to the aus.
Expecting a rise into the weekend as this zone has already flowed next door, should easily breach 0.5 this time on positive results and from a higher base…