Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Cost to produce a Barrel of Oil?
Thought somebody mentioned $62 approx, and got all excited when we announced our Major discovery on 10th Jan as Oil was at $76, thinking $14 profir per Barrel.
Now $105, is this currently a $43 profit to come into calculations?
or is there more toconsider?
2 X OIL TANKER a day is 436 bopd X $110 = $47,960 a day X 365 = $17,505,400 a year.
So you seem to have doubled the daily limt of HGV movements to 4 (2 In + 2 Out)
But as you then state:
"no HGV movements to or from the site shall take place except between the hours of 0700 - 0800, 0900 - 1530, and 1800 - 1900 on Monday to Friday and 0800 - 1300 on Saturday,"
so, first of all, there is No movements allowed on Sundays, so you need to reduce your 365 day calculation above by 1/7th (for 52 sundays), or $2.5m
and in case your visiting the site HGV's are allowed after 9.00 a.m., but before 14:30, to avoid school runs.
GLALTH
"If he is right Angus could be looking at $20 million a year from Brockham alone in oil sales revenue.imho."
Gideons - you should come with a government health warning
New Investors - Please do your own research (do not get persuaded just by comments on this BB)
Please explain your 20M Calculation, when you know we are LIMITED to 1 HGV tanker (max size 218 barrels) In and Out. per day
Surrey County Council in todays meeting advised that you were only allowed 2 HGV movements per day, i'm assuming 1 in and 1 out?
A Petrol/Oil HGV lorry can hold up to 218 Barrels of Fuel, so how does this affect production targets if you cannot move any excess off site?
And Not allowed any HGV's on a Sunday?
The chairman i'm sure doesnt like Angus energy, I seem to remember him delivering a scolding to them when delivering the councils verdict 3/4 years ago.
Have to win over the locals and their representatives, think this will be a close vote
Didi888 / ValJu / B2HS2L
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or
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So ask them "LIVE" in the meeting, no need to pre warn them
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From Todays RNS, normally a paragraph overlooked, but good advice so at least read it
" Important Notices
This announcement contains 'forward-looking statements' concerning the Company that are subject to risks and uncertainties. Generally, the words 'will', 'may', 'should', 'continue', 'believes', 'targets', 'plans', 'expects', 'aims', 'intends', 'anticipates' or similar expressions or negatives thereof identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely. The Company cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this announcement. The Company does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required."
It is probably standard, but worth thinking about.
Apart from probably living local themselves, they have to Balance whatever decision they make against the "Locals" wishes. Otherwise they're out of a Job
Nothing yet to do with Greens, Putin etc its the How it will affect the local "Quality of Life".
I seem to remember the Oil Tankers were limited to a small number of Journeys per day, could only travel on certain roads, and not between 7:30 - 9:30 & 2:00- 4:00.
Upsetting the locals calling them Greenies or the Councillors spineless will not be in ANGUS best interests
IF it gets voted through then the Enviromentalists (Greens) will speak up.
Ha Ha Gideons, I love your poisitve slant on things, but perhaps reign it in a litle, as there are BB investors here who "could" be swayed one way or the other without doing proper research themselves.
You know that in the Surrey / West Sussex areas there are many "Legal/Professional/Enviromental" Voices against Angus being allowed to work Balcombe/Brockham, and they will speak up when time comes.
Nobody wants Oil tankers travelling through the villages, down narrow country lanes, through AONB and disturbing the peace, after all thats why they live there in the first place.
The enviromentalists will come out, and polution will again raise its head as a main grievance.
Finally, the councillors will listen to "their" public as local elections are due in May, and they want to be re-elected.
Angus will need to persuade them far better than the last 3/4 planning meetings, its not all about money.
GLALTH