Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I agree E.G and Inniskea still blue sky.Disappointed there is nothing to add on Cloughton which is supposed to he a (the only) project in EOG control..and EOG may have had the money to develop if their rhetoric was truthful..Only thing on horizon now is Wressle Pennistone and gas planning application..I don't hold for the blue sky . They just seem a waste of money at the moment but maybe luck will change later this year..next year ?? Who can get the BOD working for us.
The lack of news on Cloughton and Wressle etc is worrying.Sent Eog a request for an early update.Looks possibly like all will be put back yet another year. Hope we get news soon.If others can write into company we might get a proper update not just another wish list presentation.
I don't really understand this discussion on short selling..I cant see the links between buys and sells you suggest..What I do know is that not so many years ago ..was it just two years the share price was 3p plus for several weeks before serenity fundraising at a ridiculous discount.if I'd sold at the 3p level or shorted someone elses shareholding I could buy back in now happily.However I didn't sell at that time,so not so happy..Eog continue to promote themselves but there is nothing really tangible at the moment..so that's why people sell..what has happened to EDR planing applications for Wressle pennistone ? Smoke and mirrors continue.
I agree good news if change in Irish politics next year . depletion of corrib in EOG,'s favour.But they've still got to find a partner willing to spend $50 m on a drill with only 30 % geological chance. we know what happened at Serenity with 30%. Still better than expected ..and we should have news on Wressle and Cloughton soon...which I think will potentially be more important.
The options are a bit underhand favouring directors and staff against shareholders.Hoever they aren't going to exercise those options till share price stabilises at a high level.maybe 6p. Maybe 10p..
I'd support another coup attempt at a Special meeting if organised after mid March if we haven't had a positive update on operatorship of Cloughton and or other projects.
I still don't understand the E.G . deal .. why if such a great project the licence holders wanted to involve EOG.
Keep the faith guys. Remember Will Ahlefeldt will pick up cheap shares.
CPR dated 30th June 2023, makes me wonder why the long delay and if they have been working on figures recently why is report not dated 30 December. Seems a bit odd to me
Ashover doubling is as expected, but no real increase in pennistone reserves so thats a bit dissapointing, despite revised look at seismic .
No mention of Cloughton in recent video- hopefully some mention of drill site progress in forthcoming question time.
Bit too early to say if West Africa is yet another mad scheme, but they do need to get a move on preparing a farm out. The world is starting ( slowly) to move on to non fossil energy, and so if there is gas it needs to be discovered soon.
Good luck to us all this year.
I find it confusing making sense of mmscf to therms for wholesale prices, so its likely I have got this wrong
6 mmscfgas per day possible ?
conversion to therms x 0.01028 = 61,680 therms per day
wholesale gas around £0.90 per therm
gross income to EOG at 40% = around £8.0m p.a.
Please advise if anyone has the same figures, It does seem high to me
Of course EOG has got to find a drill site first which likely will be non-optimum, cost of drilling, geological risk not sure about. Just food for thought. Await next update January. Does seem more likley though than Serenity or Inniskea
I think the proposed three wells are firstly pennistone then a second ashover production and third a waste water well
It may be clearer when the planing application goes in sometime when EDR can get around to that..dream on.
If the CPR justifies that...when we finally get it...
There were some glimmers of hope on Claughton in the W.H presentation..anf looks like wressle pennistone will be q3 at earliest.so happy to hold for a while.If P.B can arrange a vote I would support that only if it aims to lower directors costs , restrict number of directors.and seriously looks again at the west africa question which without more information has a very very dubious feel to it.
The photos on UJO twitter today show"some of the latest equipment installed to restore production"
I'm unsure whether that meanes production has restarted or not. A lot pipes valves and green storage tanks. Are those tanks for waste water.?
Come on EDR , give us a better update when we are getting the revised CPR .and production.
Hi, As mentioned earlier, most retail investors hold shares in nominee accounts and are not shareholders /members of the company and cannot vote directlly. You have to ask your stockbroker to vote on your behalf as THEY are the shareholder( on your behalf)
Look at Share Soc information on this .
Agree Serif information flow remains poor. The community forum leaflet for Wressle is at least a first step by Edr but as they point out they need the independent studies on ecology lightning noise etc before submitting a planning application
A 50 m wide extension of the site is a significant increase.Good point is emphasis on gas planned into local network..that may make planning approval easier as gas considered a transition fuel..I'm guessing it will be late February before a planning application. A year later than hoped for but better late than never.
Just read informative article published by SharecSoc.worth reading.Yes unfortunately all shareholders using nominee accounts( barclays for me) are not members/ shareholders of the company and cannot vote directly or attend meetings to vote.Stockbroker can vote for you in my case Barclays said they would vote against Resolution 3-6..on my behalf...
There is something called a Crest account which has voting rights.may be worthwhile looking into that..are the ex directors going to do that.??
Wressle pennistone still looks far off as EGR have to get application for planing for an expanded well site..surely bad project management by EGR..maybe another 6 months minimum before a drill.
Ok I think it may be worth counting up who's interested.
My own holding(foolishly) is 4.39 m which if my maths is correct is 0.45% of capital value...
Then we'd. have to agree a motion.
My own thoughts were to censure W.H. but happy to see other views.
We all want the company to do well in what is becoming a tight market in next decade or do for oil with gas a bit longer in transition period.I would really like Cloughton to succeed but we need better updates on feasibility..and as discussed no drain from directors.
Thanks Gerry1939
I guess most of us here hold shares through nominal accounts such as H.L .or Barclay "smart"investor etc..so may be difficult to assess how many share we can count up if people are interested in an EGM request .Any thoughts .
I am holding for wressle update and cpr. hopefully positive..even if nearly a year overdue.
For an extraordinary general meeting need 10% of shareholders to vote for.
I don't know if that would ever be feasible.But would like to put pressure on W.H with no confidence vote removal
as CEO following his assertion for more directors in current circumstances. I think only realistic hope for share uplift in medium term is getting pennistone drilled but still no planning application.oh dear
Thanks brightfuture for attending meeting.I voted against 3 directors ..so what is vote for no.3
for W.H .to say he'll appoint two new ones for those that stepped down(in anticipation of the push) deems a F.Yu to shareholders.
Is there any chance of shareholders requesting EGM to settle number of directors.In meantime can they be honest on any progress on Claughton applications...landowner planning etc
Just sick of the half truths.