Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
hmm actually back to EME, I just had a look and they spud in beginning of April so hopefully we will get some punters from there when people will be taking profit on spud news... CoS there is like 32% so it's most likely another duster on the way
In regards to EME I think it’s the first company that I have seen in 7 years on AIM to go up after spud… I hope they hit oil but I would suggest to slice some before the news… even 90% CoS can fail
Back to MATD - very strange trading today, a lot of 500k buys/sells printed… hopefully we move back above 4p for good next week, have a good weekend everyone!
hah I see a lot of filtered messages, how interesting that the people most negative on the MATD, clearly not interested in it (judging by their past comments) and often using ridiculous, made up arguments (reason why they are filtered) to talk it down are also the most active contributors :D :D have you guys got nothing else to do?
it's true that everything is moving slower than people would hope for (myself included), but also:
1. It is only March, MATD has secured rigs in April in the 2019 drilling campaign
2. MATD has done two successful drilling campaigns in 2018 and 2019
3. We do not need rig for Heron 1 and it's a straight forward well completion operation, Heron 2/3 will most likely be pushed to late Q3 imo
4. Petrochina has recently changed their President for Mongolian's operations (as per latest interview) so hopefully we will get the specific agreement next update
5.potential agreement with DQE that could see more wells this year with later payment, DQE is clearly interested so I see this deal happening
so I think you are all moaning too early.... let's see where we are in May
most of the energy companies are down today, it was not all just the interview... although agreed quite a full order book does not sound good.... market does not like uncertainty, I have personally topped up today - be greedy when others are fearful etc.... gl all matadors
Well why people sell at 3.6 after being at almost 5 few weeks ago without very likely JV and Brent at $120 is beyond me, yes we don’t have a rig yet (in 2019 they got it in April so plenty of time) and we are very close to producing oil from Heron 1, meanwhile JOG did 50% in a week on no news and no production in sight… funny market! I hope sentiment here will change if MB is confident and upbeat in todays interview, some details about the potential JV would be nice