Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
@ Mr Hope.
I do believe there are laws prohibiting the kind of insider trading you are suggesting is taking place here.
I'm no fan of the current BoD but even I wouldn't expect them to be that stupid. If they are divulging such information it only harms retail investmors and if I thought it was taking place I'd sell my remaining holding.
@ Aga.
They have been advertising that role intermittently over the last 4 or 5 months. They are committed to funding and opening a UK laboratory to process a coupleof tests per week. It's a total vanity project that flies in the face of their stated intent to focus on the US market. Who knows maybe they filled the post a few months ago and the incumbent just got bored and left.
JV partner Po Valley Energy's S.P. up 7% overnight on ASX.
Still obsessed with me I see. I hope for your sake you were paying attention when, back in Sept/Oct I was suggesting on this thread that folks take a look.at PXEN. If you did then you will have bagged on your investment and more than covered any loss you might have made on SOUC.
The last couple of months production volumes from GH 19-3 take us to a point where the sample size is sufficient to reinforce what were early but premature fears of abnormally high decline rates.
The new wells about to come on stream will need to perform much better or the early promise of this investment will continue to dissipate. Management communications have been appalling which as you seem to have missed it, is something else I was flagging up months ago. Maybe you would benefit from taking a more balanced and mature view of what folks have actually posted? After all PXEN will have been a painful miss if you chose to ignore me based on your opinions of what you think I do or don't know.
Han****, First gas, Tesirollo licence, Director options and El Romerol all in the pipeline of near term news. Give this just a few more weeks and there will be a few regretting selling today. In fact I wouldn't be surprised to see a new ATH by end of this week.
I agree. There's so much news to come in the very short term.
-completion of pre-production seismic survey Selva.
-Signing of off-take agreement(s)
-First Gas Selva
-exercise of BoD options
-formal confirmation of Han**** Mining as new JV partner Iin Spain.
-Update on El Romeral production
-Start of new drilling campaign in Spain-
-Update and likely approval of licence applications (Spain and Italy).
Looks like a truly transformational year ahead!
Good luck with your investment
That's fine. Nobody is stopping you posting, but,
with your permission, I'll feel free to highlight the irrelevance of your posts when they have absolutely no significance to or parallels with events at PXEN. Seems fair, yes?
Peter Wall has absolutely nothing to do with PXEN, so I have no idea why you think someone 'doing a runner' from the Argo Blockchain board merits a post here.
PXEN by contrast was last year's AIM blue riband winner and has just got a huge and very wealthy JV partner for our interests in Spain. Looking cheap at this level.
Having taken over PXEN's Joint Venture partner in Spain and having announced intent to exploit Warrego's Spanish assets, will PXEN become a takeover target?
Interesting times for PXEN shareholders.
https://www.miningweekly.com/article/han****-gains-the-upper-hand-in-warrego-tussle-2023-02-06
Perhaps, but with the FT currently running an article about how Shell's 'big bet on gas is paying off' and PXEN shares quadrupling last year to see them winning the AIM blue riband award, my sense is its about identifying the winners within in-demand sectors.
In the latter case a company sitting on gas assets in mainland Europe has direct access to premium markets and low opex by being land based. There are parallels to SOUC.
Souc is ridiculously oversold in my opinion. With 25% of global gas supplies off-limits to most of the market and with China's manufacturing sector looking to kick on post covid demand will be going up and low NG pricing (its still 2 times higher than recent historical lows) seems unsustainable short of Russia starting to give gas away for free!
I believe the fall in SP here has been driven by retail investors as it has consistently dropped on small volumes. My sense is the SP has reached or is very close to bottoming.
There is money to be made from NG plays that have a competitive advantage and I believe SOUC is one such company. If you need evidence go look at PXEN it's been a multi-bagger for those that got in early. I see them up anther 20-30% in the next month or two with off-take agreements and first gas in Italy ust weeks away. Their finance manager invested 1.5 million two days ago to become a TR1 holder and he isn't on the board.
Educated commitment. The very best variety.
His LinkedIn profile is worth a look!
Bigger trough being ordered at EGM. Based on what one wonders? A resource is worth nothing until.it is out of the ground and that still looks a way off.
Link to Prospex's Jan23 presentation is available on the corporate website.
https://www.prospexoilandgas.com/home/
Warrego being an Australian company report revenues in Aus$. There is nothing unusual or sinister about that.
Spanish electricity generation is dominated by wind, nuclear, base load NG plants, and Hydro. El Romerel is a small peak load plant currently operating at 30% capacity. It is a minor element in the Prospex portfolio but is generating useful income pending first gas at Selva and potential drilling at Tesirollo.
New wells are anticipated at El Romerel which will allow capacity at the power plant to increase to 100% and facilitate gas sales to the grid if more profitable than electricity.
The following presentation should help explain the true potential.of Prospex which isn't based on El Romerel.
The investor presentation from earlier this month is a good place to start to understand the real drivers for revenue and profit growth. The first of these (Selva) is "literally weeks away" according to the Po Valley opco.
Following a 4% increase yesterday, shares in Prospex's operating partner, Po Valley Energy, have now risen 33% in s month in anticipation of Selva first gas.
Just a few years ago in 2019 gas prices in Europe were 5.5 eur/MWh. Today they are 57 eur/MWh. Forward pricing for autumn/winter 2023 is above 60 eur/MWh.
Worth remembering this.
Warrego's quarterly activities report just out. Flags some significant positives particularly on permitting. Notable that Tesorillo has moved on from regulators to ministry for review and approval. Talks with ministry said to be positive and decision expected this year.
https://warregoenergy.com/
Chairman of PXEN's operating partner confirms first gas 'literally weeks away'.
https://twitter.com/KevinBaileyCFP/status/1617535559467139074?t=OUHfRUl3KeefLdTfpWsUJg&s=19
http://www.kereport.com/2023/01/17/southern-energy-introduction-to-a-growth-oriented-us-natural-gas-producer/
Link from ADVFN forum.
Highlights
Regular newsflow expected Feb through July. Drilling and completions.
Still getting Premium to nymex through Transco 4 location.
Sees current SP as misvalued and expects rerating this year.