Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Wonder if it’s been a positive experience ?
I’m guessing it has .... could be a game changer tomorrow ...
6 well has its toe .... all the way up them ...it’s a beast of a well...
First 1km drilled horizontally through granite west of Shetland ... few fractures and a lot of oil bearing sands ...
How we’ve been kept at this level for two months ... solid ..
Think it’ll go up tomorrow ...
It’s coming tomorrow right ?
.....
CA and their mates have now got the sp by the b@lls...
For now ...
Before close ...
News is coming ....
I can do it ... ok let us know how you get on ...
786.. let me know how you get on ..
Pores and sucking more of the black stuff...
6 well is a beast .... 1km horizontally ... through granite...first time it had ever been done west of Shetland ....
CPR and operational update coming...
What if CPR now states that Bobby trice was correct and there is a massive amount of oil in the acreage ..
We have heard that Lincoln 8 km away is connected to Lancaster as they’ve seen the pressure drop with production at Lancaster ...
Seems as though the management are chilling so maybe they know something we don’t at present ...
All will become clear pretty soon ...3p is a steal in my view ..
Waiting to take off ...
Of shorters running for the hills ...
Sells today far outweigh buys...
Are clearing $300,000 a day , equating to $100 million a year which seems to be backed up by crystal Amber comments ... one of their biggest shareholders ...
Given that it’s estimated that they have around $140 million in the bank currently ...and another year plus of production ahead with the Brent price predicted to rise by another 15% in the coming months
I can’t see an issue for payment of the bonds ...
If this is the case ... why have they not been able to get enough backing to go drilling ...
Or are they negotiating a deal to merge or be taken out ...
Not long to wait now for clarification ..
11,000 bbls of crude pumping a day from Lancaster
Something must be happening with Lincoln in the background ... chaffe our finance wizard said 6 months ago and I quote “ we are making good progress with Spirit”
So chaffie how’s about telling us what you know our you can go in the bin too... it’s about time I feel... he’s been next to useless in my opinion
Shiela needs the bin too ...
And whoever wrote or sanctioned the last RNS stating that the well was too difficult to drill... absolute BS
Who in oil would ever say such a thing ...too risky ... oils all about risk ... grow a pair of b@lls...
Was falling off a cliff as some suggest on this forum, wouldn’t they have rushed out the results early in March for operational update... rather than wait another month with the potential decline taken account of ... just a thought ...
Maybe some potential suitor has them in extended talks and they don’t want the gravy announced before they table their best and final ??
I’m still reckoning $140 million in the bank and 11,000 bbls a day production
At $64 ish that ain’t half bad in this market ... and with oil due to rise further ... me and my truck are chilling ..
Where he was introduced to shareholders during the Q and A... his final comments were..
I paraphrase “ We look forward to engaging with you in the not too distant future”?
It’s been 6 months buddy and you ain’t spoken one word to shareholders ... so is are you a BS peddler ... truly shocking so far ...
Knocking on $64 and will rise in the coming months to $70 some say.
Well 6 with its toe firmly planted in the sands will keep bringing home the bacon for hurricane
Lincoln sitting untouched and Brent rising will attract bidders in my view who can get the whole area working together ... plenty of oil still left here..if you have the cash to invest ..
We are about to find out what all the work .. remapping etc has produced ...by the industry experts ...
We are in the shop window ... just need to wiggle out @ss a little more and the buyers will show their hand...
Maris and co... over to you
BP, Shell, Total, Chrysaor, Neo... maybe some more will be having a nibble...
Ends more like ...
Who cares about tree huggers ...
Me and my truck don’t ... more gas guzzlers on the road the better ..
I reckon we have $140 million in the bank now...
Production currently at 11k / day is my best guess ..
Suitors in my opinion queueing up