Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
If they had said we have doubled production from last time, then a day of blue.
I suppose both wells hinted and stated at 20K on both and may be more but not crunched the numbers so
we are in the range 5 to 7K on Casa at 20% range?.
Question tomorrow is what is the total output from both wells after technical corrections.
I assume at Royston is being tanked from first drill still and second drill has some form of oil output, can we expect anything greater than 1.5K boe from both Royston wells.
Nothing really changed, we have sales and money in bank but no sign of increased production from last time, only technical. Market so entrenched here, will need 20k boe to move price. 2024 to be the year and no change in stock price today.
SS are you a complete idiot, of course it has, but have you ever seen it, picture and Ariel views. You are talking about production are you not, so what's there, even a pic from Google earth may be a start. 60 posts a day and hype, Jesus, you are investors, with no home work. Surely your CEO can show some thing for your money, rather than the ramp going on for Nieves investors.
WOS, l assume your multi bagger at Heron 1 has a wellhead or Xmas tree. So why don't you host a picture of your wellhead, then add a Ariel view of the infrastructure around it, your website site shows nothing.
All oil wells have water content and liquids to be separated and appropriate pipe work in place, none of that is ever discussed on this board. You talk about research, there is nothing here even to talk about
Really WOS and the rest all your posts are rockets and predictions and multi bag rubbish, your research is dismal. The rest
is ramping of the worst kind.
So lets dig into the numbers, shall we.
At 30/6/23 your cash position was 800K, revolving deposits 7,575K (3 months or longer). The companies running expense per 6 months is 900K, so by the end of year your cash has gone. By the time you get everything signed off
it will probably be another year, so reduce your deposits to 7,575k - 1,900k leaving 5,675k $ to spend end of 2024.
Other expenses SunSteppe Power LLC will probably ask for further funding, amount?
Your property and plant valued at 286K $ for such a big operation you in visage those numbers are light
to say the least, so further cost can be added to reduce cash deposits.
Then you have further costs of workover, plant and further infrastructure to be put in place, legal fees and the rest.
If you get the oil out the ground it needs to be trucked and the tankers hired or bought and oil stored and the rest.
You have no handle of those costs or even the price per barrel you may get and the net return to MATD.
I assume from past podcasts there are further wells to be drilled if they can find further hydro-cardons that these
were to be funded from last capital raise as indicated. Not that the company has been successful in previous drills.
So my point of 10M $ would probably need to be found on top what you have now and yes i do research not that i have seen any financials here or discussed, only rockets and multi-bags, jesus. Any rises due to news will be sold out as investors switch to safer investments and fixed income. At the moment you have only oil in the ground with small cash to workwith and WOS's rockets and merry xmas.
Your
LM and BP both correct, monies needed probably 10m $ to get this off the ground with all the correct paperwork. To be funded, shareholders will have to dig very deep oil exploration does not come cheap as most think here.
Price still carrying sentiment but already over the line and can be considered a safe stock with big opportunity but will at least need to reach pound before institutions pick up and some financial accounts reported. Well done LTH and TXP.
Should move as sentiment builds then flow rates but the acid test will be reported revenues first three months then six, then we can nail flag to mast.
PB will have some tough questions and maybe small piece of humble 🥧