Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Really starting to move now . . .
Seen this lots before, hardly ever ends in a delist. The price should pick up in the short term.
All buys today and yet we can’t push through 17.5? I don’t get it.
It’s all coming together! Still can’t believe this is only at 17p. Still waiting for the herd to arrive!
This bit missing from the end of last post: In addition, direct mapping of reservoirs is essential for the purpose of drilling and directing horizontal production wells in a thin reservoir as you need to know precisely where to place the horizontal portion of the well. This new seismic will allow that to happen and the drilling of the horizontal well will demonstrate this. Furthermore, the flow testing of a horizontal will indicate the production capability of such a well for development planning purposes. With so much low risk data to be collected, it’s hard to see the development of Barry roe not proceeding, which creates an incredible investment opportunity, which has been validated by the farm out. Pvr has 40% and no cash expenditure to get Barry roe to a development decision . Hence Pvr and lansdowne are now incredible investment opportunities. Valuations are extraordinarily low. Jimmy
No problem. Here is one of jimmys from the other board for those interested. Barryroe news looks like Pvr will be drilling a deep well at Barry roe to test the Jurassic potential of the area. There is a good presentation by lansdowne on the regional source rocks in the Celtic sea at lansdowneoilandgas.com Celtic-Sea-Conference-Dublin-April-30-2014.pdf 7.49 MB It appears that deep Barry roe is mature for light oil from lower Jurassic source rocks. The seismic for Barry roe shows that there appears to be a large structure at the Jurassic level. The question is what reservoirs are present at that depth. The Helvick oil field on the northern side of the basin encountered 42 foot of Jurassic reservoir and combined with a limestone reservoir at that level flowed at 9901 bbl per day. So if those reservoirs are present in deep Barry roe then you are looking at very big reserves, potentially high flow rates, and such reservoirs could act as the basis for field development project finance . This is exploration. The wells to be drilled by pVr starting about six months are mostly appraisal wells in Barry roe, and investors should ask themselves what is the purpose and risks of those wells. There are already six wells drilled on the Barry roe oil field which proven the presence of the oil and its flow rate characteristics and established the oil water contacts in the field. All of which have been independently verified in a competent persons report. So why drill more and why was Barry roe not developed before this.? In my view, which I hold for a very long time, the problem relates to the fact that the Barry roe reservoirs are very thin and until recently were below seismic resolution, so the mapping of the reservoirs was previously performed by mapping the next deepest rock that could be identified on the seismic and this gave a good approximation of the location of the reservoir . Unfortunately such mapping was not detailed enough to identify very small faults, which if present could compartmentalise the field and make the placing of development wells difficult or near impossible . This problem was caused by a seismic signal called a multiple which was caused by the presence of a thick chalk section below the seabed. Fortunately new technology used by a company called seismic image processing has been able to remove the seismic multiple and the barryroe reservoirs have been mapped directly and the intra reservoir faults have been mapped for the first time. The calibration of the new seismic has used six wells drilled to date in Barry roe and the drilling of another five wells will provide a huge data base to calibrate the seismic for field development purposes. So these forthcoming wells are really pre development wells and not exploration as the field is already defined, and hence the risks are very low. In addition, direct mapping of reservoirs is essential for the purpose of drilling and directing horizontal production wells in a thin reservoir as yo
Oily, have a look at the discuss the market board where our resident knowledgable poster Jimmy has some very informative posts from the recent days events.
Deal signed!!! Woo hoo!!!!
I’ve got an average of 3.2. If there is a predictor and we are at an all time low then how on earth is the share price not pushing on hard? I’m hoping for big things but I don’t understand how one entity can aquire such a big stake without spiking the share price??
Great news.
Good buying pressure . . . Should recover well.
Steady stream of buys coming through . . .
I’m enjoying all the posts today. No pointless and childish antagonising - long may it continue. My gut feeling is that the RNS reads positively. ok It’s not a clear slam-dunk of an RNS (profit profit profit etc) which is perhaps why they released it out of hours to give people a bit of time to mull it over so that no knee jerk reactions were made. What it does show is growth and this is crucial coupled with the nous to start to streamline operations. This is of course all my humble opinion but we will all know on Tuesday morning how the masses view it. Good luck and happy Easter.
Wonder what the open will be! Sentiment should be strong on this for weeks now. Well done everyone.
Sure it’s been talked about but I haven’t been able to keep up with the chat - how long is this exclusive period likely to be for ? And why did they not mention it’s duration in the RNS? It can’t be open ended surely?
Yep, I think we will be back at 16p+ fairly shortly. Let's hope it doesn't take too long to conclude a deal. It's anyone's guess at the price once it's signed. Happy 2018
Any ideas how long this closed period could be? Open ended? Or would they specify a date? Any thoughts?
Seems the party is over at logp this morning. Can we have some of that here please!!
So basically they're saying "shareholders, don't get your hopes up but it's looking pretty good!" O please 2018 be good to us!!