Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
So, they told us high rates of production can be achieved because historically wells in the same area have produced in excess of 900 bopd.
Now if they do this right, what’s wrong with suggesting 1000 bopd, let’s be positive. We know oil is there and the chance of successfully increasing the bopd production is also very high with this team managing the drill.
Itsawrap,
Cloughton looks like a good earner for EOG and EDR if it goes as planned per production optimisation.
They are talking about 6 mmscft/day gas, I think thats comparable to 1000bopd oil or c400 bopd to EOG the operator with 40%. I might be wrong on the conversion figures, does anyone know the numbers to confirm.
F’n joke, you can buy for less than a penny.
Apart from anyone buying today, has anyone bought for less, those running this company into the ground really need a wake up call, they need to address the share decline now.
Im like most holders in EOG thousands down, all the while the millionaires ruining the company have only gained, never lost a penny whether the shares go up or down, they have to date shown little or no concern for their shareholders., whatever happens they still collect their 100s of thousands in emoluments, yet they have failed every holder.
This board of incompetents needs to step down.
Apart from directors and staff who have free shares.
Is there any shareholders at this point actually in profit, 99% of us lot must be holding a loss and hoping/praying this company gets its act together, the sp is a shambles, EOG needs a spokesperson and charismatic leader actually worth 400k a year to push this company forward, It’s as dull as ditchwater, it’s no wonder there is a lack of people buying in.
Wressle , I remember the hope was for 500bopd a day all in and everyone was happy, now near double that and price stagnant on our 30% near 300bopd to EOG.
Basically stood still with estimated c6m profits from wressle etc per year and 2m payback from escrow acct, so £8m, and a pathetic mcap of c10m, how much do we have left in the kitty with basically nothing to show for it.
What exactly has this board achieved that couldn’t have been completed without their so called expertise and the massive emoluments they extracted from the company this year.
Where is the long term planning, whats the expected timeline, , what’s next for wressle etc, when will the board actually deliver the goods on the share price, when will they buy into EOG and what their presumably trying to sell to get new share holders.
Mcap 11m and EOG paid Holland 318k and Oddie 395k in emoluments this year.
Total Staff costs increased from 806k to 1.371m.
Directors pay increased from 455k to 855k this year.
Imo this is a disgraceful abuse of EOG’s profits, they should have at least another 500k in cash to fund projects, it’s being wasted, the profits are going to the directors while the share price has dropped of a cliff.
I’m having a laugh to myself.
Just watching those sellers dumping their shares under 0.15p
Watching them being hoovered up, it’s great to watch the stupidity of sellers in action.
Lots of buyers happy to pick them up at circa 0.15p.