Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
11.30
And so just because someone posts a series of staccato messages on Twitter (X) means that they must be true.
I don't use Discord but as far as I'm aware it is simply another chat room. People talk to each other just as they do here and on ADVFN. I'm sure that some are like-minded and other are not. It doesn't mean there's some kind of conspiracy.
I read some of the recent messages on Twitter yesterday and they are simply flights of fancy with no justification.
One example was that people were being implored not to speak with you and your like-minded feline contributor over on ADVFN. My personal opinion of late was exactly that and I said so both here and over there - it was my opinion and certainly not the result of some conspiratorial 'group think'. I'm now adopting a different stance and ask you to justify your stance. You never know we might actually get to understand each others viewpoint?
11.19
That's a long list: " the company, the controlling shareholder group, the promoters, the message board team, the PR houses such as LSE, etc., etc"
Help me out by defining who you think all of these people are and their roles. I'll accept "the company" is the body corporate, but I'm at a bit of a loss with the rest.
Show us.
We'd dearly love you to produce something meaningful in terms of a cogent argument, backed up with figures, which justifies your negative position in regard to PANR and justifies how and why you may not agree with the information produced by the company.
All we get are smart one liners, avoidance, diversion and obfuscation.
You see, my belief is that you are incapable of doing any of the above, but I'm happy to be proved wrong.
I look forward to your response.
Brian,
FWIW I doubt we'll get to know that level of expenditure detail, even from published accounts.
My own closest experience is in boreholes and soil analyses, both geotechnical and environmental on development and remediation sites. Depending on numbers and complexity and the numbers and levels of laboratory tests of the samples extracted, these can vary from 10's to 100's of thousands.
I suspect that the levels of detail, potential values involved and the level of reliance placed on the outcome that we are at least at the upper level here.
Regards cb
Sailplane,
In answer to your question NPV10 over 20 years with a straight line net cashflow annually does give 0.4257. I'll take your word for it on the conversion factors and unit pricing.
I appreciate that you make an overarching assumption that a pipeline exists to take it to market in order to retain simplicity in the concept, but in reality this cost burden would need to be taken into account in early years CAPEX ahead of your calculated revenue stream, in whole or in part. In whole if it's yours, and in part if one exists and you need to connect to it.
That would make a massive hole in the NPV forecast.
I'm sure there are other factors only technicians could explain such as well CAPEX, inter-well collection pipework (if that's the right terminology), etc, etc. There is always price and cost variability to take into account in the cashflows with price and cost inflation/deflation. Once established it may be that your 25% yoy profit is well short of the mark and this would be a major compensating factor in the positive camp.
Interesting stuff and it would be good to hear from technicians who have a better handle on the practicalities.
On a cautionary note, I know that this has been discussed previously and I DO recall some interesting extreme and sometimes quite dismissive views expressed. It will be interesting to dust them off??!!
Great stuff, thanks for reminding us of the potentially valuable additional revenue stream.
RNS 19 October 2023
Jay Cheatham, CEO, said: "This re-entry operation has provided validation of our development plans for Ahpun and, in due course, Kodiak, by proving the efficiency achieved with our next iteration of the optimum frac design. We have achieved the three core objectives we set for this operation and are now focused on the next steps in our plan to bring these 100% owned resources into production, benefitting from the advantages of our location right next to the Dalton Highway and the TAPS line."
........and we're planning to get it out of the ground.
RNS 19 October 2023
"The re-entry of the Alkaid-2 well and flow test of the Shelf Margin Deltaic B ("SMD-B") horizon is now complete at the end of the programme to frac, clean up and flow the well. The Company is pleased to report that testing operations have been successful at demonstrating producible oil from the SMD horizon in the Aphun field, which is comprised of both the shallower SMD formation and the previously tested deeper Alkaid ZOI."
......and it can be got out of the ground.
RNS 29 August 2023
"Pantheon Management Commentary on the Kodiak NSAI IER
The 2C estimates (best estimates) of oil and natural gas liquids ("NGLs") total 962.5 million barrels of marketable liquids. As previously advised by management, the NGLs on Pantheon's projects are of material value as they can be blended with the oil and the combined stream of oil, condensate and NGLs has been estimated by management to yield approximately 90% of the value of the Alaska North Slope ("ANS") price per barrel.
The management believe the Kodiak NSAI IER supports the Company's development plans for the Kodiak project, which will involve development of leases totaling some 126,000 acres (including the recently awarded additional acreage), delineated by the Company's proprietary 3D seismic and confirmed by three wells (Pipeline State 1, Talitha-A and Theta West-1). The field is defined as the hydrocarbon bearing horizons contained within the large basin floor fan between the Hue Shale top seal and the underlying HRZ shale, from their downdip pinchout east of Talitha-A running to over 15 miles northwest into the new "chimney acreage" acquired in the 2022 area wide lease sale. The Company believes that this is one of the largest basin floor fan systems discovered onshore in the past few decades."
I fear that this information may be lost amongst the nonsense and self-congratulatory share purchase drivel!
Keep up the good work!
We need facts and reality in the forefront, particularly from those in the industry who know what they're talking about.
It certainly beats the cretinous posts from those who promote faceless bloggers and others keen only to tell us when they last topped up their share account. The former deny any justified factual points, the latter don't seem to get that it's the fundamentals which will ultimately drive the value and therefore the SP, not some magic fairy in control of day to day SP movements.
Just for balance you understand.
10.39
If you look at the Illustrative Timeline shown in the presentation and listen to the commentary, the field development of Aphun runs concurrently with financing and financing discussions are already taking place without a flow test. If the company is confident that it doesn't need a flow at this stage and potential financiers don't require one, then so be it. They're the experts.
Blackadder,
That particular somebody and his team are delivering and we look forward to the next piece of key information in the results from the final results recent exercise.
All moving to prove the resource and the deliverability of the asset.
Let's not forget we are in a tight play here (not one eschewed by the majors) and clear evidence shows that the porosity and permeability improve from here to the north and north east into the 'chimney' licence areas. Arguably, we are therefore testing the worst area first but one which is readily deliverable into TAPS with less CAPEX requirement and greater ability to deliver positive cashflows which serve to reduce funding requirements.
What's not to like?
12.22
Mmm??!! And so geology is irrelevant to the company , its value and its share price?
Mark Twain is credited with the following:
"It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt."
Wise words - take note.