Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Lets not forget the gas, AECO average in April above $6 CAD and in may we sit comfortably above $7 CAD.
In a time when price should be low gas is building new highs
Above 0,3 CAD, lets never look down again
Lovely summary:
https://m.youtube.com/watch?v=VwCUv5ajeWU
A must see for an Arrow investor. Note that Arrow gets paid 1 month in advance in Colombia. No hedges no nothing.
Colombia is the safest economic haven in South America.
That a new president would stop 54%(in march) of the country’s fiscal exports if he wins the election is downright exaggerating risks here.
Political risk will always be a thing, but if he expects to stay in power I wouldn’t expect banning oil to be the first reform out there.
Maybe some extra taxation but that is it
Look at the investors presentation. $83 per barrel in netback in Colombia in april. (Brent avg $105)
Means roughly 30 MUSD on 1000 BOPD yearly in netbacks from Colombia alone, we are cheap now.
3 more wells to come.
They are working in one of the most active oil areas in Colombia surrounded by two already producing fields. Getting the oil to market should be easy
”Effectively doubling production” <3
How many deaths are linked to Sri Lankas ban of fertilizer? Why are we only told that india is not exporting enough?
Anyway I am derailing here. But I have thought of 100 scenarios and unless global war or mass revolutions burning our oil production to the ground I feel safe.
I think here in EU the talks are to remove the extra taxation fully on diesel, I mean the GST is accumulating the budgeted revenue already. The extra taxes on top of that is too much.
And we already see helicopter money being handed out here in Sweden just before election day.
So as long as the countries doesn’t use this crisis to ”make a buck” we should see them using the extra taxes coming in subsidizing those in need.
Or at least they are the ones who will get the most votes
What is funny is that some governments are already realizing this, where the governments are subsidizing the use of fossil fuels whos high prices are caused by taxes and bans on the supply from the same governments.
How that is not bullish I don’t know what is
Also I believe that the high fuel costs is what is running inflation, even with some governments excluding energy in their inflation calculations it will have a big part in, for example, the cost of basic food.
So right now they are trying to stop the inflation with hiking interest rates. Making everyone poor. Soon they will find out that that will not lower prices at all, just exclude more people from the market.
Leading to eventually a change of government. Which gives us the solution. Which is cheap energy for all, no matter its’ source.
Then by technical means we need to make us away with the effects of using this energy.
There is a reason we are this many people on earth, take away their energy source and we will see mass death way worse than continous use of fossil energy will ever result in.
I would disagree, prices will be high but compared to what people earn oil price could be doubled since 2008 highs to be in the same ratio to earnings.
How come everything else you know of can go up but oil is fixed to a specific number. Its gonna follow supply-demand eventually
There really is no cap to prices once supply is not enough. Just look at coal.
I agree with OPEC, look at any other resource and you will see oil has had one of the more lenient spikes.
I think there will be a spike in oil, followed by a new ”normal” price.
I like the wording ”special”
Beneficial Ownership Determination Date : 9th of june
Meeting Date : 19th of june
https://ceo.ca/content/sedar/AXL-20220513-Notice-of-the-meeting-and-record-date-English-f034.pdf
Should’t there be a Q1 operational update pending too :)
AECO gas i $8 CAD and we should hear about the other gas well too shortly.
I hope they combine it with a Magical drilling result in Colombia ;)
It seems we are using conway propane pricing for NGLs, or at least the majority of our production is of it.
Its only mentioned twice in the final results RNS. (See commodity price risk)
Why is this good? Its’ futures pricing doesn’t go below $52,5 USD until march 2023 :)
Putting in $100 oil, $52,5 NGL and $30 for
gas in q2 with 21000 BOEPD
That would see our total revenue at a whooping 94,4 MUSD that quarter alone. And its already 40% completed
Sit tight :)
And that might even be too conservative based on this statement from the company:
i3 now forecasts full-year 2022 net operating income ("NOI" = revenue minus royalties, opex, transportation and processing) of $192 million
Since then gas is up 25 and oil 5%