Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Http://rheinpetroleum.com/
Heidelberg/Riedstadt – In the coming days, a drilling rig with a tower around 35 meters high will once again be on display at the Rhein Petroleum drilling site in Riedstadt-Goddelau. The Heidelberg company is installing an approximately 100 meter long branch in the lowest section of the existing “Schwarzbach 2” borehole. This ends a few meters further west in the same structure as the existing borehole.
“The tested production rates from the existing well do not do justice to the proven petroleum reserves in the Pechelbronn layers. The drilling fluid, which consists primarily of starch, has too tightly sealed the rock pores through which the oil flows into the production line in the immediate vicinity of the borehole. Therefore, the expected quantities of oil are not coming through,” explains Rhein Petroleum managing director Peter Appel. That's why a new entrance is now being laid at a depth of around 1,600 meters. He makes it clear: “The natural porosity, i.e. the permeability of the rock, is good. We are confident that the new short branch line at the end of the well will result in a flow rate that reflects the quality of the reservoir we encountered last August,” emphasizes Appel.
The drilling rig now in use is identical to the rig that was also used in the summer of 2023. The system is expected to be delivered and set up gradually in the first week of May. The actual drilling follows immediately and takes about two days. “The existing well will be used unchanged up to a depth of around 1,600 meters and will receive a newly drilled branch from there,” explains the Rhein Petroleum managing director. Immediately after the end of the drilling, the test production is prepared, including inserting the delivery pump. Appel: “Due to the excellent reservoir properties and the known data, we continue to be convinced that ‘Schwarzbach 2’ can produce significant quantities of high-quality domestic crude oil.” Heidelberg, April 24, 2024
I disagree with cancelling the treasury shares, they could be very useful in the next couple of years for part of a deal. The 6.3m shares are theoretically worth over £1.6m, fast forward to a 50p sp and we have a war chest (theoretically) worth over £3m
"On 30 January 2023, Novacyt announced that the UK High Court had directed Novacyt that the hearing of the case between Primer Design Ltd / Novacyt SA and the DHSC has been listed to commence on 10 June 2024 and is expected to last 16 days."
...we know when and for how long, but should we expect a decision at the end of the hearing or will it be decided weeks/months later? thx.
Fyi I emailed EOG regarding the apparent discrepancy between the 530bpd av. for Nov/Dec/Jan and the NSTA data which averages 502bpd for the same period. Here is the reply.
"Production from 1st November 2023 through to end January 2024 averaged 530 bopd, and coincidently, production from 1st January 2024 through to end March 2024 also averaged 530 bopd - i.e. average well production has been relatively steady over both these periods. On the back of your message, we have now contacted the Operator to query the NSTA reported figures as we believe the production reported via NSTA for December 2023 is erroneous, thank you for bringing that to our attention."
If NSTA's December number is incorrect, it would have to increase from 439 bpd to 520 bpd to reconcile to EOG's stated 530bpd average. In this case, the new NSTA data would be Nov. 458 bpd, Dec 520 bpd, Jan 609 bpd - but that has yet to be confirmed.
A once-in-a-blue-moon dividend is a waste of time imo, if Bramhill wants to get serious about dividends, he needs to announce a dividend policy, for example, a 6 monthly divi based on 20% of Wressle revenue. Investors want a degree of certainty wrt to dividends not wishy washy statements that are Bramhill's forte
Https://www.drillingmanual.com/sidetracking-well-drilling-time/
lots of information here re side tracks etc
Here's a link for Antler https://www.antlerglobal.uk/
https://find-and-update.company-information.service.gov.uk/company/12192744/filing-history
you are funny heid...you ramped the **** off ujo with over 20'000 posts kissing bramhill's butt all day every day, you then turned on him because he was rude to you and now you are kissing his butt again. perhaps we should rename you flip-flop?
I'm confused...is 530 bp the av. for nov/dec/jan as EOG says, or Q1 as UJO says?
Europa says "Over the three months to January 2024, after the completion of the jet pump installation at Wressle, production has averaged over 530 boepd (net 160 boepd to Europa), which is above the forecast upside case from the recent independent technical report"
UJO says "Production for Q1 2024 averaged circa 530 barrels of oil per day (gross) with an average water cut of 24.3%, which is easily disposed of at a nearby facility at negligible cost"
That's not the CS website, this is https://www.sviluppocollesanto.it/
It's extraordinary that the market values a company with £9m cash at just £6.5m. This speaks volumes about the lack of trust and/or concerns about cash-burn while nothing is progressed, just more jam-tomorrow RNSs