Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Touchstone exploration proved the concept of their models, hence they opened up for a lot of follow up wells.. Coho - 1 have tested 105 net pay of gas. Vincent petroleum which drilled same formation in 2001 only found 60M netpay and produced +1400 boe/d in the test.. However that was only from the upper target, TXP targeted a lower pay which contained 45 probable netpay so its hoped production from this single well could add up to 2000 boe/d which will more than double current production.. Whats even more great is that, shell facility is only 3km away, and have agreed to take the gas. With a cost of only 1 mil usd txp can build the pipe, and offcourse no SPT on gas. TXP is now showing the way for other oilers in T&T and it is about time their marketcap should follow.
Hi again trek, biggest shareholder list has now been updated at www.touchstoneexploration.com and monique & newland is now 2. Largest holder in txp with 5.635.000 shares. Lets hope they will keep adding and remove short and weak hands :)
Hi trek, I see your point. However i dont agree.. Monique & newland never owned more than 4830000 shares.. They had 4,54% before the placing but they were dilluted down to 3% because they didnt participate in the raise.. Now they bought 835000 shares and have around 5,6 milion shares.. You can check the old thresshold RNS if you want, or you can simply go to https://www.touchstoneexploration.com/investors/aim-rules/ - here you will find their position before this RNS which was 4.830.000 or 3%.. If this is not enough then write PB and ask him :)
Sunday if you look carefully they actually added 600K.. The reason there percentage has gone down, are because of the dillution in regards to last raising.. Now they have 600.000 ekstra shares than before the raise, but percentage wise they have less :)
That is very easy ross, you sold after the spudding update (your 5-10k) and soon enough you will speak abput the short term trading opportunities because of spudding results.. When we are near the results you will sell again and speak about the risks of raising.. Either you will earn or loose 100 bucks, and your time wage will be like a poor carpenter in bangladesh or in loss :D
I just asked PB about the article today. What I found interesting was that the found was done 1700 feet below our first target, so I asked PB if this enhanced our chances of finding something in the pay that PB mentioned they would look at just beneath it, or if it was a completely different geology. His answer was very short
'very similar geology, so we are encouraged'
You decide for yourself what it means ;)
Sunday roast.. Think RNS latest monday next week. Maybe friday if we are lucky.. I think we have enough money for the first 2 drills, and if they go for a shallow one in the 3 drill for 1 mil then we might sqeeze that in as well.. Just remember that PB is a very clever business man, and he will not just place it anywere.. If SP rises strongly on good drilling results, he would be wise to make the raise straight after if not he should wait for the right opportunity, which I think there will be plenty off with good results.. A placing above 20P on 30 mil shares would not be good for everyone
Welcome zeus, I also like contrarian views, but noy if they are for own gains.. Its never good to fall in love with a stock, so yes good with some critical eyes on it as well.. I think we might have to do it on english in the facebook page if more of you join, majority of the investors in there are danish though :)