Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thats something like....£250k exchanging hands......my GUESS is.....we could EASILY do 300K on volumes front....as we DRAW close to end of play...
FOMO will start to kick in as it normally does here late in the AFTERNOON....
Its been said many time....NXT wk could MAKE Bce ...it could TRANSFORM Bce...all we need is CONFIRMATION that flow rates are around 600bopd(mean)..anything above that...well...this could work its way way past 1p over the coming wks...1.5p-2p could not be ruled out....
Remember adv hit 5p+ on ZILTCH....here atleast we have GUSHED..and the QUALITY is far better than initially thought...
AIM for TODAY = 0.30
AIM for nxt WEEK on +ve RESULTS...= 0.40-0.50 bare minimum....to be honest we might get 0.40-0.50 without news/rns...especially if rns lands at back end of the wk.....in which CASE...we could smash PAST 0.50p levels...and lot close to 1p
HAPPY NXT WEEK
If anyone thinks this is p&d...then take a LOOK at 1 mth chart.....the rise has been STEADY as anything...it HAS NOT gone up in a straight line.....i say....MR CONSOLIDATION is our best friend.....
https://app.screencast.com/KIeRpCKUIJdWW
HAPPY CHARTS!!!!
What most are missing.....we have not spiked..50% or 100% on daily basis for days on end....in the past....this could have 5/10 BAGS easily in one day...
INSTEAD...we have been moving up steadily ...the highest if i am coorect been +20% day ( could be wrong )....we dont need....to do triple digit gains.....slow progress is equally as good....we have consolidated nicely......we are not saying.....from 0.27......jump to 0.5...all we are saying...is cop 0.30....thats just 10%+ for the day.......
Again its PRODUCTION time nxt wk.....so when numbers come out re-FLOW RATES.....thats when this can go NUTS.....even if we manage .... 10% 20% days.....that will still do.....no-one is in HURRY
HAPPY DAYS!!!
Last time i looked ...RESULTS of SCHB2 drill were known....they came in above pre-drill estimates.....
CHARTS??.....again last time i looked.....the chart was looking very very BULLISH.....they are saying....once 0.35 area is breached...MASSIVE GAP FILL...all the way to 0.57....
HAPPY DAYS!!!!
This is all just guesswork on my part, so as always,
dyor and imho
seis
This post posted above....was posted by seisprocesso about 2 wks ago.....GREAT POST by very knowledgeable guy...upgrade can be from 3.8m to 10m+....would take anything above 5m....
Hi casper786, that's a couple of good questions you're asking!
after the disappointment of adv, i'm aslo happy to be in bce and to stick around for a good while to see this one grow.
i'm a geophysicist not an analyst or trader, but i can have a go at your first question about reserves - if nothing else, it passes a quiet nightshift whilst working offshore:-)
the calculation for reserves is:
stoiip = ‘x’ bbls/acre * area (acres) * average pay thickness (feet) * porosity (0.xx) * oil saturation (fraction) * oil shrinkage (1/bo)
the 2u/2p reserves quoted in the admission document and tennyson note gives 3.42-3.8 mmbbls for graben and schb. with little facts to go on other than these documents and the information given in the latest rns, it’s possible to do a rough calculation to get a ball park figure.
since the calculations have already been made for the reservoir properties that we don’t know about, and given that there’s no water found or owc or gas present, then we can make the assumptions that some of the factors - no. of bbls /acre, area, connate water saturation and formation volume factor (gas in place, water in place) - won’t change too much from schb-1.
so just keeping them the same and changing the calculation for the increases in pay thickness and porosity seems reasonable.
we know that the meletta in schb-1 is a thin oil-bearing sandstone overlying the thicker pbs strata.
schb-2 for the pbs strata alone contains a gross/net oil column of 34/28m. the latest rns states that for the thicker oil-bearing net reservoir, this net column and higher range of porosities 18-26% all significantly exceed pre-drill expectations.
presumably the thickness of the meletta zone is according to expectations, with all target horizons coming in 25m higher than prognosis.
looking at the previous example log diagrams in the investor presentation, it looked like the zone of interest was between 1400-1450m with three zones on the resistivity log showing two shallower sandstone units of 4m thickness and one deeper one slightly thicker at 5m - so 4+4+5= 13m in total?
what was the pre-drill porosity expectation – same as schb-1?
porosity logs in the presentation (page 11) look like an average of 13% and peaking to 18%.
if so, then porosity increases by a factor of 18/13(38%) or 26/18 (44%).
my back-of-a-***-packet scribble says take the original value of 3.42mmbbl, double it for thickness, add an extra 40% for porosity and throw in an extra 10% for expanded area of the reservoir contours (at 25m shallower than expected):
e.g. 3.42 * 2 * 1.4 * 1.1 = 10.5 mmbbl.
the implications of this for the rest of the graben area heading south to schwarzbach south and also steig can be significant. even if my assumptions are hopelessly off the mark, one thing for sure is that a successful result here will lead to the reserves increasing with every new well drilled.
this is all
Pi's are looking at this and saying y should i BUY when bce has already BAGGED TWICE over
My answer 2 that would be..u r approaching it the wrong way
YES we have 2/3 BAGGED...yet we have PLENTY of BAGS left imo..1 needs to look at FUTURE&what it holds 4 BEACONers
Does bce have any DEBT...NO
Does bce HAVE insiders like directors etc holding any shares...YES 60% of shares already taken freefloat only 40%
Does bce have more that 1 ASSET or is it just 1 TRICK PONY...well it has atleast 4 OUTSTANDING assets in p/f..discoveries already made
Does bce have any REVENUES coming in...YES..we r already producing from SCHB1..at small scale..SCHB2 could be the GAME CHANGER as it goes in PRODUCTION nxt wk
Does bce still have VALUE at £27m m/c...LOL LOL again FFS we will be PRODUCING and making NET PROFIT of approx £12m from just 1 well/yr..at 600bopd mean starting from nxt wk
Does bce need any funds for future work/drills...bce will be self funded for all work going fwd, funds coming from schb2 if further funds are raised/needed it would b only to ACCELERATE the work at FASTER pace&or further ACQUISTIONS
Does bce plan to give dividends out...OH YES
Does bce have any chance of being overtaken...YES..TULIP sold their dutch assets for $260M currently they hold 41% of bce...they can easily put our assets in germany for sale or BUY us out themselves
Does bce have solid shareholding base in way of Pi's...IMO there are some pi's who have supported this for last 6 mths since float but MARJORITY dont even know who bce are...BUT THEY WILL SOON!!!..share register will only INCREASE with loyal hardcore holders probably ending up being TR1 HOLDERS..we are getting on pi's RADAR
Does it not look/seem like bce is pump and dump stock...ONLY thing that will be PUMPING out of bce will be LIGHT SWEET BLACK GOLD
Does these current delays in reporting flow rates mean there is something wrong/bad...in last rns they never stated flow rates or 12 DAYS...that was stated in interviews/rns's prior to drill..after drill PLANS might have changed..hence report of PRODUCTION TESTING in rns
Does beacon have a chance of reaching £100m £200m £300m m/c...y not others on AIM have on ZILTCH we most definitely can depends on FLOW RATES and upgraded reserves 4 current field drilled..reminder ..we also have OTHER discoveries such as steig which is Awaiting approval of development plan , also Transformational exploration target of 150-180mmbbls at Weinheim
Does flow rates below 600bopd mean failure&or collapse in shareprice...NO all it means is we go at slower pace...where it could have taken us 18mths/24mths to drill 2/3 wells..it might take us 2/3 yrs to drill
Does Flow rates going over 1000bopd help...YES we will going to the MOON lot quicker LOL
well i have tried to answer some of questions which some of u might have...they are my own assumptions/opinions and i have answered as best as i could...you might need to do your own work research
ATB
HAPPY DAYS!!
That says it all....we had 3 AUCTIONS...each time....came out settling in BLUE ( U/T )....
This goes to show....BIG ORDERS are being filled in back ground.......
Yes we have sellers...thats expected pi's selling...after this current rise from the lows....more IMPORTANTLY...there is BIG BUYS....going through at HIGHER PRICE...sometimes at FULL ASK PRICE.....when it comes to selling.....MM's let u sell at PREMIUM....
Hope this run CONTINUES into nxt wk without rns.....what this will do....is let certain traders out on the way UP....when we do get that long awaited rns.....we want to ROCKET towards the SKY ( 1p+ )...with less distraction ( traders ).....
HAPPY DAYS AGAIN
Newbee...yes it was a painful day for those that sliced...took profits.....only for this to end on DAYS HIGH....
HAPPY DAYS!!!...
by the way i a only kidding i presume u were talking about some other share......