Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Just need the 10% - 20% sellers out and this will rocket. The MCAP is tiny for a potentially billion barrel resource!!
Happy with the update. It looks like there is a fair bit of activity happening in May / June.
Still able to get in at prices below what the Ex Cove early bird investors did. Tiny MCAP in comparison to the potential IMHO.
Highlights
· Three main structural positive trends identified and mapped, and explorative potential assessed together with a first estimate of risk, internally classified as medium-low.
· Hydrocarbon bearing reservoirs potential at several stratigraphic levels.
· Additionally, presence of source rock and seal considered to further mitigate risk considerably.
· Analysis of pre-existing data shows three closed promising structures (A, B, C), that were mapped at multiple horizons and assessed in terms of volumes:
1. Structure A (depth 1100-1500m)
2. Structure B (depth 1000-1500m)
3. Structure C (depth 1900-2400m)
That’s quite a pullback over the last two days…it is probably day traders selling up.
This is still undervalued and due a rerate. Buyers will be back as these levels offer good risk v reward. Remember, there were massive buys only a couple of days ago…it wasn’t punt money IMHO.
It’s a big buy! I would have thought it would have moved the SP a bit more! Unless it is a rollover or there is a corresponding sell in the system somewhere.
Either way, this is due a move north soon imho
I think todays news from Shell is a HUGE positive! From the RNS 30 November:
“The Graff and Venus discoveries, and Global’s prospects and leads on PEL 94, are all interpreted by the Company to be sourced by the Barremian-Aptian Kudu Shale. The apparent technical similarities in both source and reservoir between these discoveries and the prospectivity in our own licence is highly encouraging. Accordingly, the Company believes that the Walvis Basin, where PEL 94 is situated, also has the potential to be extremely successful, and has the advantage of much shallower water depths generally than the discoveries in the south.
In November 2021 the Company appointed PVE Consultants to assist in the farm-out of PEL 94, ahead of the exploration drilling in the Orange Basin. Apart from the technical similarities with PEL 94 referred to above, the successful outcome of the Graff-1 and Venus- 1X wells has sparked much interest in Namibian offshore exploration as a whole – a development which has become evident to Global in the course of its farmout of PEL 94, and also to industry observers generally. The upcoming exploration and appraisal wells are widely expected to accelerate this interest even further.”
Ignore the Reuters link. The article is from last year. My apologies.
This is from todays Upstream article posted earlier.
“If Shell does make a discovery at Jonker and the prospect is found to either be linked directly to Venus or traverse the boundary between blocks 2912A and 2913A, then unitisation will be needed.
Any future allocation of hydrocarbon resources between the two operating groups could, however, be smoothed somewhat by the presence of Qatar Energy as a partner in both Venus and Jonker.
Shell declined to comment on the status of its latest Namibian well.
Shell operates Petroleum Exploration Licence 0039, which covers blocks 2913A and 2914B, with a 45% working interest.
QatarEnergy also has a 45% stake while state-owned Namcor holds 10%.”
The news is gaining traction…it sounds big!
LONDON, Jan 25 (Reuters) - Shell (RDSa.L) has made a significant oil and gas discovery at an closely-watched offshore well in Namibia which could spark a wave of investment in the southern African country, three industry sources told Reuters.
https://www.reuters.com/business/energy/exclusive-shell-hits-oil-gas-namibian-offshore-well-2022-01-25/
Good news at Jonker 1! Namibia is flowing with oil! Good news for the region and for GBP! Bring on the JV!
https://www.upstreamonline.com/exclusive/orange-basin-shell-hits-hydrocarbons-in-worlds-hottest-new-hunting-ground/2-1-1392084
It would be suicidal for WSBN to have put that pic up unless they had a genuine belief it was gold on the cores.
The tweet was probably deleted under advice as it is market sensitive and should be RNS’d. We should get some sort of update from the company soon.
Remember, Redsetter is next to Havieron…there is a good chance there is gold in them hills.
The drop is unwarranted but a good opportunity to buy if you are so inclined.
It’s all about the risk v reward. DYOR.
The way this is going you will probably get your buy in price tomorrow or Monday
Yes, turning into a bit of sh it show this. Where is the bottom?
FairAnalyst, an excellent post.
There is obviously a seller in the midst but there are still many buyers. 4p will be breached soon...
DYOR
Well despite the sellers there are still buyers…a 2 MILL buy went through an hour ago…hopefully this dip will be shortlived and we move up with the imminent drills approaching
Sellers are drying up. Low MCAP and drills nearby by majors mean this will hopefully only go up from here!!
Good luck all
This looks like it’s about to go on a run….. 0.70p about to be paid and we should soon have both feet firmly in the 70s!
Good luck all
Block buyer is back and is relentless!
This could turn blue any moment as long as the seller is done!
A close above .6 would be super bullish!
.59p paid and a couple of 1 Million buys showing up…it looks like this is about to pop!
Good luck all
Agree mate - once gone this is primed for a good move up. MCAP is silly for what they have and the potential for what is yet to come.
Good to have you on board Casper.
There's clearly a seller about as they smashed the bid from .18 to .16. Need them out and the buyers to return before we see a sustained rise here IMHO.