Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Whilst we are on the subject CNPC already have a big presence in the Kura basin in Azerbaijan as evidenced in this archive article: http://www.china.org.cn/english/25869.htm
Block’s west Rustavi license is virtually next door to it, so they must be front runners for the farmout imo, and the recent diplomatic and political activity between China and Georgia really does suggest that they are moving in for the kill imo.
So does this: http://news.cnpc.com.cn/system/2024/02/07/030124615.shtml
Look at the number of references to the Belt and Road initiative. Georgia is the key part of this.
If anyone has any doubts about CNPC being the front runners for the farmout read this article and the links contained therein: http://www.cnpc.com.cn/en/speeches/202209/bf817e8f7eaf42858c8392e986bd20a5.shtml
They seem to be to be streets ahead of the competition imo and the recent meeting with the Georgian Government reinforces my view.
I was wondering when someone would notice 😂Still a long way to go just to get back to the placing price, but the buying flurry does certainly suggest that some news is brewing.
There’s no need to be so rude Roger. Until Thursday, which saw a massive increase in volume here, we were generally only seeing two or three trades a day and none at all on Tuesday. Yesterday’s volume was therefore very reasonable in the circumstances.
Here we go again, buys flooding in now, so it looks like we will have some decent news on Monday.
And then look at the maps and gold grades in this RNS from MILA: https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Liontown-Completes-Drone-Survey-at-Kathleen-Valley/93260928
It’s got multi bagger written all over it imo.
It’s also down to the neighbour’s recent discoveries with its market cap growing rapidly: https://www.asx.com.au/markets/company/bgl
Check out their two news releases on 18th March.
I’ve topped up twice and both have shown up as sells, one immediately before the market makers lowered the bid, so don’t be fooled - there is strong demand today for this stock and the market makers are up to their usual tricks to free up stock by manipulating the spreads, and knowing how the algorithms work on platforms like lse and Advfn.
Rlightor- you are correct as I took a screenshot of the shareholdings page a couple of months ago and have just done a comparison. Judging by the number of large buys we have seen today (but many presented as sells thanks to the silly spread) I suspect that one or more of the significant shareholders are at last adding to their holdings.
The time scale might be uncertain but the significance of this statement in the RNS should not be ignored: “ The farm-out campaign is on schedule with ongoing discussions with a range of interested parties." PH would not have been allowed to make that statement without providing appropriate evidence to the Nomad. All we need now is some leakage of who’s been in the data room and this could take off like a rocket imo.
The troll keeps repeating the lie that “they can’t get it out.” Anyone who is stupid enough to be taken in by that should review the flow rates in this presentation: https://www.blockenergy.co.uk/wp-content/uploads/2023/12/black_sea_dec_2023.pdf
Many thanks Early Bird. I joined the Hive but am yet to find the Q&A on there. Seems like an absolute bargain whilst the stock is trading at such a large discount to the recent placing price though.
Missed that Early Bird. Can you provide a summary of what was said? It’s clearly brought some new money in here today.
Hepseal, that’s the formal announcement regarding the appointment of a consultant to liaise with the interested parties. The process effectively started with the presentation to the Turkish conference back in December.
The farmout process effectively started when Stephen James gave his presentation to the Türkiye & Black Sea Oil and Gas International Congress and Exhibition in Istanbul on 13 December 2023. All the regional E&P companies were there as well as a few others but my money is still on one of CNPC’s subsidiaries being the first mover, given their experience with CCS, existing presence in the country, and the fact that a delegation of Georgian Ministers and their civil servants spent a whole week out in Beijing a few weeks ago.
Not at all troll. Block have proved that there’s plenty of oil to be extracted too for a company that has the resources to drill multiple wells per annum. Patience here will be well rewarded when the farm out is completed imo.
The purpose of any company is to maximise value for its shareholders and Block seems to have twigged that it will not achieve that by drilling low cost but modest return wells. It’s the massive gas resource which is the value driver here and the farmout is what will unlock it.
Hepseal that’s irrelevant in the overall scheme of things, and more to the point you conveniently ignore growers 69’s post in which he correctly states that:
“ In Q3 2023, the Company sold 24.9 Mbbls of oil (Q2: 38.0 Mbbls) for US$1,740,000 (Q2: US$ 2,451,000).
As of 30 September 2023, the Company had c. 17.34 Mbbls of oil in storage.”
That, and probably a bit more will have been sold in the auction which took place in November and added plenty of cash to the coffers, so please stop trying to mislead people.