Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Just leave it alone borgo22.
From memory it shot up the following day as well (possibly doubled?) before the flash crash.
There was a lot of froth and excitement back then and the market cap did get overblown but it certainly looks extremely cheap in comparison today.
Are we seeing the very beginnings of a re-rate?
Not sure if this has been posted yet:
https://www.youtube.com/live/IhuZ-RK4Luo?si=7M3OfADbllM0DlG9
Thankfully Sunak & Starmer’s ridiculous agenda will not be adopted by the FIG, no matter what they think.
Still accumulating. Over 7% now. More today I suspect.
This really is grim to watch. Surely massively undervalued. Sunak & Starmer are unfortunately destroying our oil & gas industry in plain sight.
ZENGAS,
With respect I think I say on behalf of all shareholders who have been involved In Longboat since the IPO, everything they have done so far has been a disaster. They bottled picking up assets during the downturn and then commodity prices shot up, meaning they couldn’t do a production deal at all. Their exploration campaign was a total disaster except for Kveikje which had over 50% CoS.
The JAPEX deal is certainly encouraging but they haven’t done anything with it yet. I’m sure all holders (old and new) hope for the best but so far all that Longboat has done is erode shareholder value whilst paying themselves handsomely.
Thanks JJ, have they mentioned a start date?
Head of Exploration, Malaysia
https://www.linkedin.com/in/choo-matthew79?
I’m beginning to think that with the disastrous EPL in the UK, the Falklands is looking like one of the most attractive places in the world for oil & gas E&P.
The FIG will have given Navitas assurances that they aren’t about to slap additional windfall taxes on profits, and as far as I’m aware the development of their oil & gas industry is supported across the board on the islands.
With the prospect of a Labour government in the UK that is likely to be just as shortsighted as the Conservative one, the North Sea is all but dead for new investment.
Once Sea Lion is developed, I’m sure there will be additional farm outs to bring some of the other prospects online quicker. The NFB is huge and has a favourable tax regime. Yes it is remote and it has the Argentina issue, but it should be too attractive to be ignored in due course.
Cameron’s ‘Remain’ campaigning hasn’t been very successful in the past ;-).
Navitas won’t spend a penny more than they need to or compromise on the rig of their choice to help any other company. If it makes financial & logistical sense for them to contract a rig that can operate in the SFB then it’s a possibility but I wouldn’t hold my breath. There will be no compromises, and we will have to wait and see. I suspect the rig has already been earmarked so any changes at BOR now will not change what has already been decided.
Why are so many of our politicians so utterly stupid?
It beggars belief.
£6 (I hope)!
Everyone who wanted to buy has recently had an opportunity to buy pretty much as many shares as they wanted for 9p, and there will undoubtedly be an overhang.
Patience.
The annulment hearing is not until April. There is a chance that the signed agreement takes until the end of June but the “no later than” suggests it’s probably going to be earlier
Also the panel do not decide the outcome at the hearing - that comes afterwards. It can be as little as a month but on average it’s more like 6-9 months so the outcome of the annulment case is likely to be towards the end of the year (after the 30th June backstop date).
So whilst there is a risk, it’s a relatively small one. And it works both ways - if the outcome is positive before the end of June and the current deal has not been signed then theoretically Rockhopper could also back out and get a better deal.
I expect this one to go ahead as planned though.
The UK government has been clear all along that they will support the FIG’s decision and it’s the FIG’s decision to make.
Wow. Sub $25/bbl is incredible considering inflation over the past few years. Well done Navitas.
FPSO identified and long lead items being procured.
Forget politicians (British & Argentinian). It finally looks like it’s happening.
With all the political turmoil in the world you’d think the Israelis would be as keen as ever to develop Sea Lion. Whilst it’s not good to see conflict, at least the political backdrop favours Rockhopper for once. Let’s hope they overcome the issues at Shenandoah swiftly and proceed to Sea Lion FID this year as planned.