Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It was a surprise and interesting interview from MH. Only the second one he has done.
I hope many of his comments come to fruition.
He mentions news in the coming days/weeks reference production increase, that would be very good but .... if it does not happen!!!!
The oil price key to our balance sheet, very close to breaking $50 barrel now.
Very interesting trading activity on Friday, hoping for a strong week ahead.
GLA
Just listened to the interview-twice. Makes good listening and guess the reason for some significant trades today. So news due int the days/weeks ahead. The 500boepd increase comes from the wells shut in a start of Covid which is in progress. So with WO on top things looking up. Need the poo to increase and could start to see a rise north.....long overdue!! GLA
Lets not sugar coat it, we have had a tough year or you could say few years. Much of the blame I lay at Fi's doorstep who had £26m in her hand and blew it very quickly!!! it was constantly mentioned how much we had, giving us a seat at the table!! then it suddenly plummeted to £4m in the bank. MH came into a poorly run company, secured the Santa Cruz Asset (without which Echo would now be a distant memory akin to IRG) covid hit the world and now he's shoring up the business to move forward! I am sure if MH had that £26m now we would be in amazing place but alas we are not.
I agree with your comment. It is frustrating though. Interesting that oil production has increased over 100%, how was that achieved? WO or just restarting wells that were closed at the start of the pandemic.
Good to see nearly 18,000 bbls in storage.
So need to get work started in country.
I’m as frustrated as the next person with this share! But I’m tracking the oil price keenly as this has a massive effect on cash flow for echo. Be nice for an update on production/sales/storage. As investors we seem to be being kept in the dark!!!