Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
https://youtu.be/srwxJUXPHvE
Money can't buy me love but .....
Totally agree and nicely summed up Scrodingercat .
My last post simply said " Groundhog Day " as each day is identical to the last. This is due to the total absence of any comments or communication from PH .
Each month we see delution with extra shares being issue.
If there is a delay in getting an item or two for the next sidectrack then simple inform your shareholders. It does two things , one inform and two give the impression that you care about anything other than yourself. This side track is meant to be funded so why the long long wait.
The attempted removal of PH was not the right thing for shareholders as the Scottish due were very dodgy people with a track record of asset stripping. But if there was a vote for his removal today I would vote if it was in the the shareholders best interests.
I met him once , his was charming and lied to me. He is a second hand car dealer type person and not a person to be trusted.
It's time to give your shareholders something of value as 3 years of failure is not a good track record .
Only need about 3p to get out .
Do something Mutly.....
I have to say it's rather amusing to see the constant defending and criticising of people on this board . We have the super hero types and villains. The desperate need for likes and to let the readers know all about their views of the world with a constan bombardment on the bill board. A subtle building up of a profile and followers. This I guess is the new world of social media. I have always discounted person opinions and people who constantly post how wonderful they are in their share trading. But of course will read anything that is of factual value.
Opinions are opinions!
Facts are facts!
Rampers are rampers
Derampers are derampers
I have invested in this share based on facts, research, time scale and risk.
Trinidad has taken a back seat but is not dead yet.
Ireland is a no go for now but massive if Mag Mell takes off.
Morroco: will simple say , why did you buy into Predators and if it was because of the research please tell me how the research has changed between now and a year ago ? To me the value is massive. It is a complex jig saw to achieve what the research indicates but it's still there. There is a time scale that may not suit some, but the reward is massive.
My view on this share is the same as it was when I invested. And I continue to hold. My view is based of facts etc ....
As always I say thanks to the posters who share their research.
Have a great weekend .
I will be interested to see if a private members bill will have any impact on Edmond Ryan . They consider his comments on offshore exploration and production to be inaccurate.and simple not true.
At least if it gets debated it will put addition pressure on the government and hopefully embarrassing questions will be asked as to how Ireland gets through the next winter.
Data centres are also an issue as they demand massive power, plus of course the people, they need energy. They will not be happy with loss of power on a winter's evening.
Mr Ryan is digging a big hole for himself with his policy's on Energy.
Ireland are the 4th most energy insecure country in Europe and they have a head in the sand view as to the short term outcome.
Russia has impacted with its war and the UK will not be able to supply all of Ireland's energy. They currently supply 70%. That's they say us totally unsustainable.
Mag Mell is still there as an opportunity.
Ireland Runs Oil and Electricity Shortage Wargame With Lockdowns, Fuel Control
By Neil Campbell
Neil lives in Canada and writes about society and politics.
Published: June 8, 2022
The Irish Government is preparing for fuel and electricity shortages starting in September that will result in lockdowns and fuel rationing.
Police officers against a nationalist protest on April 8, 2021. The Irish Government recently ran a wargame simulating a serious fuel shortage starting in September, worsening in December, and producing an electricity shortage in February of 2022. Proposed measures will be lockdown measures and to severely ration fuel and impose stiff speed limits on roadways.
The Government of Ireland recently conducted a secret wargame preparing for the installation of lockdowns and fuel control in the event the country runs either an oil deficit or faces a total electricity shortage starting as early as September, reporting shows.
In an exclusive article published June 6 by the Irish Independent, the outlet says it obtained “confidential details of an emergency planning exercise held 10 days ago between all the major state agencies and the Government.”
The article states the exercise was coined Oil Emergency Exercise and conducted on May 26 by the Department of the Environment, Climate and Communications (DECC) where members from the DECC, in addition to the following agencies, participated:
National Oil Reserves Agency (NORA)
Fuels for Ireland (FFI)
Department of Transport and National Emergency Coordination Group (NECG)
Work from home, no driving
The wargame contained a multitude of “emergency contingency measures,” specifically,
“Non-essential workers” will be ordered to work from home
“Non-essential” car travel will be limited
Fuel rationing for motorists will be strictly enforced
An “immediate and strict reduction” in the speed limit will be imposed.
Restrictions on freedom of movement and fuel purchases were explained in the article, “The plan also includes the introduction of an emergency scheme whereby motorists with an odd number at the end of their car registration will only be allowed to drive or refuel on alternate days.”
For example, “Those with odd numbers could refuel on a Monday, Wednesday and Friday and those with an even number on a Tuesday, Thursday and Saturday.”
No oil = no electricity
An unnamed “Government source” told the Independent that three mock scenarios were run during the exercise:
A 20 percent reduction in diesel volumes entering Ireland starting Sept. 1;
A 30 to 35 percent reduction in diesel volumes entering Ireland over the previous eight weeks starting Dec. 19; and
Not enough oil and gas to supply electricity in February of 2023.
The source was paraphrased as describing “the planning exercise and the options available to mitigate supply problems and protect societal function as ‘very, very stark’.”
We now appear to have entered a stable period. It was below 1p. There is little to move the value, however the share value is showing encouraging signs of movement. We are no longer getting the controlled sales at every positive point in time that resulted in stagnation.
This was not one of my better investments but if Zak is right I will move into profit.
It's been a long and often painful experience and a return will be gratefully received!
Have a great day everyone!
Predator Oil & Gas Holdings
Trinidad Update - FRAM Loan
Highlights: Initiation of a litigation process for the repayment of the FRAM Loan
· Recompense sought as a result of the termination of the approved Inniss-Trinity CO2 EOR project
· Further progress on rolling out multiple CO2 EOR projects
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland provides, arising from a series of positive meetings in Trinidad held with stakeholders during the period 31 May to 3 June 2022, the following update on the Company's position with regard to the loan receivable (the "FRAM Loan") from FRAM Exploration Trinidad Ltd. ("FRAM"), a wholly owned subsidiary of Challenger Energy Group Plc ("Challenger"), in respect of the Inniss-Trinity CO2 EOR Project (the "CO2 EOR Project"). The CO2 EOR Project was prematurely and unilaterally terminated by Challenger on 1 August 2021.
Following the delivery by the Company of correspondence to FRAM on 23 March 2022 relating to the repayment of the Fram Loan and the settlement of other outstanding contractual matters under the Inniss-Trinity Well Participation Agreement (the "WPA"), the Company has failed to receive from either FRAM or Challenger any firm proposals to allow an amicable settlement to be reached.
Regretfully therefore the Company has decided to initiate a litigation process following the consultation trip made by the executive directors to Trinidad during last week. The first physical trip following the relaxation of COVID restrictions.
The scope of the litigation process will involve three areas where the Company is seeking to be recompensed as a result of the premature termination of the CO2 EOR Project by Challenger.
1. The FRAM Loan outstanding to the Company is £591,065 as of 31 December 2021.
The FRAM Loan is reported as a receivable in the Company's audited Financial Statements for 2020 and identified as a contingent liability in Challenger's 2020 Financial Statements.
On 20 April 2022 FRAM and Challenger refused in writing to comply with a request for information from the Company via its auditors that was necessary for its financial reporting of the FRAM Loan.
2. The Company is seeking full repayment of its project costs (the "Project Costs") invested in the CO2 EOR Project under the terms of the WPA, which remains in place.
Under the WPA the Company has invested the minimum required commitment of US$1,500,000 (inclusive of the outstanding FRAM Loan).
The WPA provides for repayment of the Project Costs from 100% of the profits of enhanced oil production until repaid.
The Company has demonstrated enhanced oil production due to CO2 injection at Inniss-Trin
I think the litigation action is for two reasons. Firstly to try and get our money back. However the company is very unlikely to be able to pay and rather skillfully Paul has reminded every one of how much T&T is worth and mentioned the 6 CO2 projects with trusted stakeholders .
The other reason is to totally wipe out Fram/CEG from the equation. They would of been talking to many people behind the scenes. The Government need as much energy as they can get and will act accordingly to get all things moving.
A long legal dispute is unlikely to happen. For Predators to move forward they need the legal obstacles removed. Predator will not spend massive amounts of money on a long drawn out legal court case. The gloves are off and thay are after a knock out blow in round one.
In my opinion Trinidad portfolio is looking like a good longer term opportunity with a multitude of directions to move forward their CO2 concept. T&T is now back on as a potential money maker.
They can now focus on Morrocco and Ireland.
Few more Twitter tweets from predator but mostly covered in RNS
Further to progressing the Challenger dispute resolution, discussions were held with our trusted stakeholders to roll out up to 6 CO2 EOR projects onshore Trinidad, and it is important to stifle misinformation that could delay the accelerated roll-out of these new projects
I wrote to Lonny today:
Morning Lonny. Hope your time in Trinidad went well. Any little snippets or comments I can post ??
He replied:
Hi Rob, I hope all is well with you. I'll let you know tomorrow ??. Have a great evening. Cheers, Lonny
I think it is great that Lonny values the small investor and replies. I have only written a few times as he has much to do but he has always replied.
It shows a good understanding of PR and I'm sure he knows how valuable this BB is along with the general research posted on here and Reddit.
So ..... if he has time then hopefully a Twitter comment tomorrow on Trinidad.
Ireland is certainly getting interesting ...
Morocco was always interesting and a waiting game ......
T&T looked like it's on the back burner but I think another poster says our guys are out there now so I'll be interested it what they are discussing....
Think the market is starting to respond to Russia situation and how predator fit into the energy market.
I'm certainly holding !
Now that PT is one very interesting development, it shows that industry is not happy with the government policy and they are unwilling to stand back and watch a total distaster happen.
Quote:
TÁNAISTE Leo Varadkar is to meet US billionaire Wesley Edens on the future of the Shannon LNG project within a matter of weeks, The Kerryman can reveal.
It's seen by supporters of the LNG gas plan as one of the more significant developments in the saga since State support for the plant was abandoned under the 2020 Programme for Government.
The white paper was just what Ireland's LNG supporters needed!
Lithuania is one of many countries that are using LNG and have been going down this route for a long time. They are no longer reliant on Russia.
Many other countries are going down this path. Ireland politicians may not want it but the Ireland as a real living country will.
Klaipeda liquefied natural gas floating storage and regasification unit terminal or Klaipeda LNG FSRU (Lithuanian: Klaipedos suskystintu gamtiniu duju terminalas) is an LNG terminal in the port of Klaipeda, Lithuania. It cost US$128 million to construct.[1] The project operator is Klaipedos Nafta.
Klaipeda liquefied natural gas floating storage and regasification unit terminal
Main vessel of the terminal
LocationCountryLithuaniaLocationKiaules Nugara, KlaipedaDetailsOpened2014Owned byKlaipedos NaftaType of harborliquified natural gas terminalAvailable berths1 (Platform for LNG tankers)StatisticsWebsite
www.sgd.lt
Terminal was built in island of Kiaules Nugara (left center) in Klaipeda port.
Terminal is located in Northern part of Port of Klaipeda.
FSRU Independence in the port of Klaipeda
The terminal started operating on 3 December 2014.[2] After the completion of the Klaipeda LNG FSRU, Lithuania became the fifth country in the world to use FSRU technolog.
On 22–27 January 2014 pilot test was conducted in order to assess the FSRU Independence's performance and seaworthiness. Later on the vessel sailed to the sea and the ship's sea trial lasted nearly a week. Earlier, in the beginning of January the ship's propulsion system was tested, later crew safety equipment and other range of testing conducted.[4] It was delivered in March 2014 and was reached the terminal on 27 October 2014.[5]
In June 2014 supplying platform was finished to be built in Kiaules Nugara.[6] It is one of the four main elements of 450-metre (1,480 ft) length embankment (together with mounting and mooring field, steel bridges and high-pressure gas platform).
On 27 October 2014 the main vessel arrived to Klaipeda's Port. The welcoming ceremony of Independence arrival was broadcast live by national broadcaster LRT televizija, while the ship was greeted by Lithuanian President Dalia Grybauskaite. Representatives from Latvia, Estonia, Norway, the United States, Finland, Sweden and European Council also participated at the opening.[7]
Klaipeda liquefied natural gas floating storage and regasification unit terminal or Klaipeda LNG FSRU (Lithuanian: Klaipedos suskystintu gamtiniu duju terminalas) is an LNG terminal in the port of Klaipeda, Lithuania. It cost US$128 million to construct.[1] The project operator is Klaipedos Nafta.
Klaipeda liquefied natural gas floating storage and regasification unit terminal
Main vessel of the terminal
LocationCountryLithuaniaLocationKiaules Nugara, KlaipedaDetailsOpened2014Owned byKlaipedos NaftaType of harborliquified natural gas terminalAvailable berths1 (Platform for LNG tankers
Thank you zeusvalhallah for your personal view that LNG will have zero effect on our Ireland activities and share price.
It is not a view shared by myself or the Predator management team. They will not give up as easily as that and the white paper shows their determination to fight and if need be drag the Irish government into a policy change . The change will not be due to pred but by the data centre and general lack of security of supply . They offer something that would work well and they are digging a hole for themselves. Winter could well be a problematical time and then we will see how well the Government are doing .
Just my opinion of course .
Oilman Jim's blog:
Predator Oil & Gas (PRD) announced the publication by its subsidiary, Mag Mell Energy Ireland Ltd., of a “white paper” titled “Keeping Ireland's Energy Flowing,” which focusses on how Ireland can repurpose existing infrastructure at the Kinsale Head gas field to help insulate itself from rising gas prices and ensure security of energy supply during the hoped for transition to renewables. It’s essentially aspirational and PRD’s core activity remains its operations in Morocco, where the company aims to drill a further three wells this year to potentially prove up a high estimate of 708 billion cubic feet of gas net recoverable. Two potential farminees have been selected from initial responders for further discussions. Predator has been covered in the private blog from as low as 1.21p and has been quite a spectacular performer. At 9.25p, the share price is up significantly and reached a high of 22.5p prior to the MOU-1 well spud last year.