Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Best thing for RF to do is wait for the share price to rise further then exercise…
With the SP at this level their warrants(10p) have tripled in value…with the SP back over 100p there’s a lot more money to be made…
There’s now an incentive for them to want the SP much higher than current levels.
Should be an eventful few months with more data due for release regarding Sareum’s lead programme SDC-1801.
Taken from the RNS on March 28th:
SDC-1801 is a TYK2/JAK1 inhibitor being developed as a potential new therapeutic for a range of autoimmune diseases with an initial focus on psoriasis, an autoimmune condition affecting the skin.
· After the period end, Sareum announced the completion of the single ascending dose (SAD) element and the food effect study of a Phase 1a clinical trial for the lead programme SDC-1801.
· Preliminary blinded safety, tolerability and pharmacokinetics data from the trial indicate a favourable profile and support once daily oral dosing of patients.
· These preliminary results indicate that SDC-1801 has the potential to achieve therapeutically effective dose levels with no serious adverse events.
· The multiple ascending dose (MAD) study of SDC-1801 is ongoing and topline data from the Phase 1a clinical trial are expected to be available during Q2 2024.
· Sareum's intellectual property portfolio has been strengthened with patent grants in China in June 2023 and Japan in November 2023. Post-period, in March 2024, the European Patent Office has issued a Notice of Allowance for a patent relating to SDC-1801.
Some good points there…
From July 2021 -
“The aim of this research project was to investigate the effects of SDC-1801, the Company's proprietary TYK2/JAK1 inhibitor, on cytokine signalling after SARS-CoV-2 infection. It was also designed to confirm whether an over-active inflammatory response (known as a 'cytokine storm') via the Interferon Type 1 pathway can be blocked in this disease by SDC-1801.
The project has completed on schedule, with the final results confirming the initial encouraging results as noted in the Company's Interim Results, published on 23 April 2021. The results of the project found that SDC-1801 reduced the levels of cytokines associated with Acute Respiratory Distress Syndrome (ARDS) in human lung cells infected with SARS-CoV-2 and demonstrated a profile that was superior to the anti-inflammatory steroid dexamethasone and similar to baricitinib, a JAK1/JAK2 inhibitor.”
COPL, Anavio and SL now need to come to a final agreement as time is nearly up…
Anavio have another $3m in their back pocket which they pre-authorised for COPL in March this year… will they use it?
The poker game is about to finish.
Currently as we are not observing any high volume flaring on the field the gas gathering system is performing it’s job well recovering most of the gas from the field and is processing it for re-injection…
There has been no high volume flaring requests for 71 days and counting.
A post from Illusion recently…
“Good Afternoon Everyone,
I posted this on Telegram last evening my only hope is that it turns out to be prophetic…
I think track record tells us all we need to understand what has happened today…
The SL has been with us since we purchased Atomic, maybe adding for Cuda didn’t meet their criteria for a bigger loan…
Only since Anavio came onboard have the games controlling of SP and refinancing BLACKMAIL occurred… It would almost certainly be correct to assume that a major company would want no connection with an unscrupulous outfit like that…
Would it be a stretch to imagine that a deal was available but that part of it would be a price to remove them from the equation?
Therefore because Anavio refused to go quietly except their profit and walk away, a massive power struggle in which we are the piggy’s in the middle has now ensued…
Let us hope that it will work out in our favour…after all it the SL that is secured against the assets of the company…
I think a fete de comple was issued today…hopefully the SL does not have to use the NUCLEAR option, but if we do go down so do Anavio as they are continually telling us they do not hold any shares and the bonds are unsecured let us hope their sneakiness and greed will force them to back down!
GLA”
We’ll soon find out what conclusion has been reached…
Whilst some parties continue to play chess PI’s continue to sit on the sidelines watching everything unfold…
COPL will go into 2024 with all eyes looking on to see what happens…
Merry Christmas all…let’s hope the parties in question come to a positive conclusion as even these guys have a lot to lose🎄
I guess I will have to concede soon…£500 will be going to the below :)
https://www.justgiving.com/page/ryan-gaffney-1692272600856
A post from Illustion yesterday…
“Good Afternoon Everyone,
I posted this on Telegram last evening my only hope is that it turns out to be prophetic…
I think track record tells us all we need to understand what has happened today…
The SL has been with us since we purchased Atomic, maybe adding for Cuda didn’t meet their criteria for a bigger loan…
Only since Anavio came onboard have the games controlling of SP and refinancing BLACKMAIL occurred… It would almost certainly be correct to assume that a major company would want no connection with an unscrupulous outfit like that…
Would it be a stretch to imagine that a deal was available but that part of it would be a price to remove them from the equation?
Therefore because Anavio refused to go quietly except their profit and walk away, a massive power struggle in which we are the piggy’s in the middle has now ensued…
Let us hope that it will work out in our favour…after all it the SL that is secured against the assets of the company…
I think a fete de comple was issued today…hopefully the SL does not have to use the NUCLEAR option, but if we do go down so do Anavio as they are continually telling us they do not hold any shares and the bonds are unsecured let us hope their sneakiness and greed will force them to back down!
GLA”
P.s. I’ll go down with this ship if necessary
Antha you need to work harder for your cheap entry ;)
Yes, COPL are in talks for a JV with a MAJOR OIL COMPANY!
“COPL remains in talks for a potential JV with a major oil company in Wyoming for developing its deep oil discovery and this financing gives it several months to try and conclude a deal.”
Trolls out in force today haha…
Yes, we’re still in JV talks with a major :)
RNS on 24th July…
“London, United Kingdom; Calgary, Canada: July 24, 2023 - Canadian Overseas Petroleum Limited and its affiliates ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona counties, Wyoming, USA, is pleased to announce its COPL America Inc. ("COPLA") affiliate has signed a Non-Binding Letter of Intent ("LOI") for a Joint Venture with an established energy company to develop and exploit its oil reserves and resources at its Cole Creek project in Converse and Natrona Counties Wyoming.
COPL and an established energy company ("JVCo") have entered into an LOI for the negotiation of definitive agreement(s) for a Joint Venture (the "JV") to develop and exploit its oil reserves and resources at its Cole Creek project in Converse and Natrona Counties Wyoming. The LOI grants exclusivity to JVCo for a period of time to allow for the negotiation of terms, and structure of the JV to be agreed, which include the consents required by COPLA. The LOI is subject to confidentiality provisions in a Confidentiality Agreement entered into by COPLA and JVCo in October 2022. These confidentiality provisions will terminate concurrently with the exclusivity termination, and other contractual conditions. The contemplated JV does not include the Company's Barron Flats Shannon miscible flood EOR project.”
RNS on 15th November…
"The negotiations regarding a possible joint venture announced by the Company in July 2023 are ongoing and the parties are working to agree all outstanding matters."
Also recent comments from COPLs broker…
“COPL remains in talks for a potential JV with a major oil company in Wyoming for developing its deep oil discovery and this financing gives it several months to try and conclude a deal.”
Trolls patting themselves on the back…lol
The below still stands…
* Injection rates were an average of 4 MCF/D during October which is an increase on September
* Enriched gas injection restarted during October
* Injection rates were increased further during November
* The number of injection wells online increased from 4 to 6 during October
* The upgraded gas gathering system is working very well with increased gas intake with a substantial reduction in the amount of flared gas
* Mild weather conditions currently being observed in Casper
* There has been no emergency flaring requests in the last 59 days
“COPLs field responds to increased gas injection in stages which we can compare to how virgin galactic launches it’s rockets into space…
Steady incline until optimum levels have been reached then the boosters kick in and the move upwards gets much steeper…it will come :)”
The above was the perfect analogy based on the facts from the last time COPL carried out increased gas injection…
In 2021 increased enriched gas injection started in April with daily production averaging 1,276 bopd at the start.. peak flow rates were then achieved in August with flow rates of 2,700 bopd…
Timeframe = 4-5 months
Was it a gradual increase the whole way through? No
Between months 3-4 the field achieved 1,800 bopd…
Between months 4-5 the field achieved 2,720 bopd…
As you can see things can get quite explosive to the upside… The field is also under more load this time round :)
“COPLs field responds to increased gas injection in stages which we can compare to how virgin galactic launches it’s rockets into space…
Steady incline until optimum levels have been reached then the boosters kick in and the move upwards gets much steeper…it will come :)”
The above was the perfect analogy based on the facts from the last time COPL carried out increased gas injection…
In 2021 increased enriched gas injection started in April with daily production averaging 1,276 bopd at the start.. peak flow rates were then achieved in August with flow rates of 2,700 bopd…
Timeframe = 4-5 months
Was it a gradual increase the whole way through? No
Between months 3-4 the field achieved 1,800 bopd…
Between months 4-5 the field achieved 2,720 bopd…
As you can see things can get quite explosive to the upside… The field was also under more load this time round ;D
COPLs field responds to increased gas injection in stages which we can compare to how virgin galactic launches it’s rockets into space…
Steady incline until optimum levels have been reached then the boosters kick in and the move upwards gets much steeper…it will come :)
* Injection rates were an average of 4 MCF/D during October which is an increase on September
* Enriched gas injection restarted during October
* Injection rates were increased further during November
* The number of injection wells online increased from 4 to 6 during October
* The upgraded gas gathering system is working very well with increased gas intake with a substantial reduction in the amount of flared gas
* Mild weather conditions currently being observed in Casper
* There has been no emergency flaring requests in the last 59 days
Things are still progressing with the above but let’s briefly shift focus back over to production…
In 2021 increased enriched gas injection started in April with daily production averaging 1,276 bopd at the start.. peak flow rates were then achieved in August with flow rates of 2,700 bopd…
Monthly gas output at start: 24,737 MCF
Timeframe = 4-5 months
This time around with increased enriched gas injection now restarted the field has 3 times the gas load in the field compared to 2021 and flow rates during October were averaging 1,110 bopd...
I would say the explosive move in production figures will be seen slightly earlier due to different field load conditions...
Monthly gas output at start: 80,102 MCF
Timeframe(Start mid October) = 3-4 months
COPL could reach their previous all time high of 2,700 bopd during January/February if injection rates are staged up in a similar manner🧨
We also know the upgraded gas gathering system is performing well with a substantial reduction in flaring observed since the system went online at the end of July…
Things will get very interesting soon…we await further guidance from COPL :)
Flaring requests were very regular before HH…COPL had permission to flare large amounts of gas for the whole year but this came to an end in the first week of October… If the GGS was struggling with the gas intake as some trolls have been praying for COPL would’ve had to submit a few emergency flaring requests to carry out this activity… however it’s all been quiet on that front :)
Further proof of the gas gathering system performing well is in the data below…
*Gas gathering system went online at the end of July
The two wells on COPLs with the highest gas output in October…
Example from the 44-21v Well
Percentage of gas flared…
July - 99.6%
October - 0.2%
Example: 34-20v well
Percentage of gas flared…
July: 86.2%
October: 0.2%
The data doesn’t lie…58 days without any emergency flaring requests and counting :)