Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
are acquiring 36% of Dunrobin/Inner Moray Firth licence area from deal with Corallion. They generally do like to have a say on bod of partners in licences
also holds 32% interest in Dunrobin/Inner Moray Firth and did a raise for just under 20% of the company
interesting comment by BennyShares our Timor Leste islander man in the know who likes to drip feed cryptic clues.....BOIL raise shares were due to join market around 9th but this is delayed a little, meanwhile there is a special meeting by govt. there on Wednesday....approval required for something?
by the 2 boy wonders in a recentish video interview on youtube they said that they know from the 2 drills so far that the wells require acid stimulation but that they are confident they'll flow......the point is that this company has reached an 'inflection point' where 'value is about to be unlocked' and there will be jealous eyes upon us with greedy agendas! there are people associated with UJO circles watching us now (scumbags, cowboys and crooks if you get my drift)
....and peaceful !!!! he must be on holiday
on whether RBD grabbed some (or all?) the shares recently issued by BOIL....and maybe bought a few more besides.....let's see on Monday when those shares join the market whether we've gained a meaningful chunk of BOIL on the cheap...worth it just for the Dunrobin/Inner Moray Firth alone with Timor Leste a bonus?????????? they'd be daft not to!
MisterPositive posted........'The Beatrice field @20km north of Dunrobin produced over 140mmbbl from the same petroleum system. 3Dseismic results are due soon. Dunrobin resource size may well come in higher than 100mmbbls, (possibly) matching or exceeding Beatrice's 140mmbbl production.'
the expensive onshore processing facility would take years to build before any gas flows.....the only thing that does make sense is China getting TL govt indebted to it, firstly by building harbour facilities that China would then insist on use of for military purposes.....the dream gas would then belong to China (if it ever gets produced) as by then the debt would have racked up so much that the people of TL would have no say against China claiming it's dues
wants a military base...not gas! Russia it's pal next door has loads to sell it
Malcy reckons 'the buyer' is Total
RBD are therefore 36% owners of P2478 as administrators not operators...but they are up to something with the Corallion assets as there has long been rumours of a sale of the bulk of the Corallion assets to a large European major who has been negotiating with RBD, this deal likely to be done afterward....they have paid suspiciously little for the Corallion assets so there must be a huge payday in it somewhere!
the main buyer of Corallion's orth Sea assets is not RBD. RBD are 49.99% owners of Corallion and were only really interested in Victory licence for themselves to develop so took investment in Corallion awaiting the sell off of North Sea assets as a bonus, in the deal negotiated they have carved out ownership of Victory for themselves....the major buyer is still to be identified
Corallion's 36% share of Inner Moray Firth licence P2478 is part of the current batch of assets being sold, so the buyer will hold 36% working interest in P2478 which BOIL is operator of.....so the new buyer will fund it's share of drilling. What we wait to see is who makes a move to farm into BOIL's interest with free carry a very likely part of the deal...or just buy out BOIL's share completely...before or after drilling is the question...it may be enough to have seismic interpretation completed for them to make an offer
ooops!...meant to say the buyer with 36% could offer BOIL free carry!
Buyer could offer 'free carry' on their 36% of Dunrobin.....then buy out BOIL's share of licence once drilled and proved up?
RBD upping its stake in Victory license of Corallion...the rest of Corallion's 100% working interest licences are being sold to a buyer but this buyer is also buying the Dunrobin/Inner Moray Firth licence, in which Corallion has a 36% working interest,....so once BOIL are finished analysing the seismic on that we have 3 likely scenarios: 1) BOIL drill and develop themselves with or without farmout partner 2) RBD take a shine to Dunrobin/Inner Moray Firth and buy out or farm in to it (they already like Victory and this is very similar) 3) the buyer of Corallion assets makes a move on Dunrobin/Inner Moray Firth to buy it (not part of the main deal as BOIL still interpreting/processing seismic, but likely to follow)
re. sale of North Sea assets imminent ....hope we follow with Corallion
I believe it's the currency conversion fluctuations you are seeing as it's dual listed
Spot-on!......the concern that China is wrapping it's tentacles around TL government and it's political stance and spending priorities...these may not be being made on a common sense business argument but an overly-influential political standpoint ....which may not serve the intended outcome for TL or make sense economically as China, wanting to extend economical power over TL, pushes it towards overspending/unwise spending, not the most business-logical spending in order to 'keep the fish 'on the hook'?