Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
You're right the license extension was granted by OGA, Jace confirmed it the other day. Good plan! GLA
Exactly, ADL has an option to increase its stake, if they don't, they still have 8% stakes in the 29 mmbl Colter reserve and it can take price to 10x the current, if the stake is sold at £15 per barrel to Corallian, RBD or any other party.
With the bonus recovery and gas deposit as well, the share price will shoot soon and I don't think, Simon will miss this opportunity after the Bunga mess. Badger around the corner. GLA
I think the money is not required to pay for the cost but if does, we have £800k+ so no need to worry minermate.
But can sell at .59, is MM short of ADL shares?
Smelling oil leak at Colter
It all depends on the GOI, I hope, they have a sane person to lock the PSCs deals and minimise exporting. Hope for the best.
Positive news and multibag.
Ensco 72 can be booked after the Colter drill by Eagle Gas Limited :)
Any study submittef to the OGA? Also, pre-drill decision work is due by 1st March.
7 December 2018 Andalas Energy and Power Plc (‘Andalas’ or the ‘Company’) Update on Eagle investment Andalas Energy and Power plc is pleased to provide the following update on its investment in Eagle Gas Limited. The OGA has agreed a 5 month extension of the initial term of licence P2112 to 19 May 2019. Under the terms of the extension, the licence holder must: By no later than 31 March 2019, advise the OGA that it either: (i) has elected to drill one well to 3800m or 100m into the Namurian (whichever is the shallower) and approved the necessary funding for the well commitment; or (ii) elected to terminate the licence; Provide the results of two G&G studies to the OGA by 1 March 2019 together with a conclusion as to whether the results of these studies support a drill decision; and Provide an update to the OGA by 1 March 2019 on all pre-drill decision work.
What happened to RGO (PRS) investment? PPG down, MTR? This company is a joke, people avoid investing in it
https://mobile.twitter.com/IcebergShares/status/1096396384524296193/photo/1
Could be just a rubbish claim to build pressure
People opposing drill (saving their shores) are one step ahead of us. https://twitter.com/SOSBournemouth/status/1095688998742302722
I would too
Jace, how many shares are you holding?
Colter will definitely push this back up. It is give and take, hope we get the Bunga mas PSC, its huge.
Obviously you have to something to buy stakes in the project. Hope we get some positive news on Bunga Mas next week plus Colter news by the end of February. Badger would be a plus. I believe Simon wants to transform the company. GLA
On 27 December 2018, Mr Gorringe acquired 3,000,000 Andalas ordinary shares at a price of 0.66 pence per share, representing 0.82% of the Company's issued ordinary share capital.
Following the acquisition, Mr Gorringe now holds an interest of 5,057,503 Andalas ordinary shares, representing approximately 1.4% of the Company's issued ordinary share capital.
Simon Gorringe said, “My purchase of shares today reflects my belief that Andalas is well positioned having made significant progress in securing an exciting future for the Company.”