Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I remember in the past in Solo days that high pressure was present and mentioned then in their findings. I also remember that the oil shows they found were considered to have migrated there from a possible much larger source. Hope that helps, and think this field may surprise a lot of people and be bigger than thought, if not, why are the Zubairs there?
I said it was there ages ago..https://www.sciencedirect.com/science/article/abs/pii/S2949891023001756
When I was in Solo many years ago i was told that a small oil find had probably 'migrated' to where it was found, i think in the region of 135bopd kind of thing. The larger well was probably in that basin somewhere as the oil found probably had migrated due to geological movements. Going by a past success i had in a company called Emerald Energy I can say if that reservoir is found that could be a total game changer even with the percentage we have. North Sea gas was found first then the oil, important to remember this. They say lightning doesn't strike twice in the same place.. don't you believe that for a second. As far as posters go we simply don't know till that drilling is finished. I remember the first drilled well with Solo was at one point classified as a duster, the man who changed that was Neil Ritson who seemingly wanted it drilled a little further down, and hey presto there was the gas find. We might get a pleasant shock and experience with this one yet. So fingers crossed.