Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
At the end gil talks about a jv that is expected on 3b/4b and hopefully on 2b after a discovery.
There were interested parties in block 2b before eco went full power with 50% on gazania, they took a gamble, farm out pre drill for a 1 well carry or farm out post discovery for development carry, if its a strike the share will keep moving up to 2 pound with multiple catalysts that will follow, now all we need is a hit!!!
"who and when" is not the question, how much dilution and will gbp get another extension is the question for anybody who considers investing in this company.
the first farm out in this basin will be eco, 40000 square km in 4 blocks with 8 more years extension' some blocks have 3d and drill ready' but i wouldnt expect them to farm out in the next year or two, till a major will farm in or a discovery at the basin you will only be diluted.
Good news is transformational and will allow eco to continue to appraise the structure, to fund its operations, to farm out part of their interest for a development carry while 3b/4b advances to a drilling campaign, so a hit and eco will be on the way to become a billion dollar company, maby not in a day but in the medium term.
Btw, yesterday gil presented at the aew, if anyone finds a link please share..
The eco holding is cash equivalent, on a hit the value of the shares will be around 1.75m pound, with a 4m pound mc its significant.
A duster and well meet at 2.5p.
gil will present on friday the 7/10, will be interesting as the farm ins in the basin are on the verge of being rns'd with chevron as the first to close a deal in pel90, considering the fact that 3b/4b is in a more advanced stage with big 3d already shut a few years ago and gazania being spud, gil sure has a lot to talk about.
as transformational as gazania is for eco this is not a one trick pony.... a lot to play for..
https://www.youtube.com/watch?v=VTNKknals_A&t=1376s
Majid talking about the serenity discovery
right, almost all projects are traded below their npv, the gap closes on advancement, discovery, development plan, jv, fid, first oil... for the discovery alone i'll go with 1-2$ but all together i expect a 0.4p sp on success at this well, descent upside to todays sp.
market has its ways and the serenity potential reserves can contribute 1-2$ per barrel in the ground, but the economics are way higher and npv wise, if the well will meet expectations, a barrel is worth 8-10$ in the ground.
poo is high, quick development, potential jv with repsol, potential tie back, shallow water, high quality of oil, a very low break even and the most important parameter when valuing reserves - funds are available for development.
its almost all to gain with almost nothing to lose for i3e (if thats not enough even the cost of the well is partially carried).