Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Good question..Marbur..AND YOUR ANSWER!?
Keep the faith..why would Graham take the job? Why would consortium members still be joining if dead duck..one of them could easily sort some finances up front. It's certainly one to add to the stress levels.
Let's hope our carrot is a good one for Dommo and not a half eaten minty one!! Maybe Graham can do a quick deal upgrade and put a decent carrot on the table before Easter. A better offer might just be voted on instead of a further placing and dropped SP to raise funds for pump and production.
Over to Royscot to summarise. Lol Seems to me they are making last ditch attempt for stability. Don't see how it helps us?
When a company wishes to decrease the amount of shares in circulation and increase its value per share, reverse stock splits (or inplit) are a possible option. With the reverse split, there is no change in the capital and it does not change the financial value of the company’s sahres already owned by the investor. Benefits of reverse stock splits:Decreased volatility of paper;Eligibility to the Ibovespa Index and other B3 indexes – penny stocks are not eligible;Facilitation of the business flow – with less abrupt fluctuations, stocks are not constantly auctioned.Treatment of fractions generated by the reverse split Regardless of the reverse split factor established, some investors will have their participation reduced to share fractions. Therefore, so that the reverse stock split does not result in elimination of minority shareholders (pursuant to CVM Instruction No. 323, January 19, 2000), it is required to ensure that they continue to integrate the stock frame with at least one new unit of capital, since they manifest this intention within the time limit laid down in the general meeting. Options to treat the fractioning are: Shares donation by the controllerThe controlling shareholder may choose to donate shares in order to complete the participation of the minority shareholders owning fractions in integers, regardless of the number of shares they owned before the reverse split. In this case, shares will trade in reverse split right after the day of the corporate decision approving the reverse split.Sale of fractional shares in round lotIf shares donation by the controller is impractical, there is another alternative: agglutination of fractions in round lot, selling this lot up for auction on the stock exchange and later proportional value credit to the holders of these fractions.For that, prior to the auction for the sale of fractions, the company should give to shareholders a minimum of 30 days and a maximum of 45 days so that they freely recompose in the market the lots that are multiples of the reverse split.Fractions remaining at the end of the period of composition will be agglutinated in whole lots and sold on the stock exchange by the company, with the assistance of an intermediary authorized to negotiate on the B3. Proceeds from the sale will be prorated proportionately among the holders of fractions.
In attention to the aforementioned Notification, the Company informs that it will inplit – reverse stock split the shares of its issuance, which terms and conditions will be subject to shareholders approval in extraordinary general meeting expected to be held on April 30th, 2019. For this purpose, the management’s proposal with the rational and other conditions will be disclosed in due time in accordance with the prevailing legislation. The Company restates its commitment to maintain its shareholders and the market informed on this matter, as well as about the operational procedure and the inplit execution.
The Brazilian market will begin 2019 free from most of the uncertainties that concerned operators and suppliers in recent years. The international offshore market is also in a growth trend, and there is enough room for investments and activity to recover from now on.
The future development of the North Sea’s marginal fields represents “a huge market with unforeseen potential”, observed oil industry consultant RMRI back in 2014. “New technology will be key to enabling the exploitation of new and complex discoveries which are generally smaller and often remote” said a report commissioned by Enegi Oil’s associate Marginal Field Development Company. “As such, a huge market with unforeseen potential exists which can be unlocked by applying proven, innovative production systems to achieve significant cost savings and early production delivery” concluded RMRI 1 . Fast forward to the present and The Oil & Gas Technology Centre is supporting an industry-backed ‘Facility of the Future’ initiative designed to halve the cost of developing and operating an oil and gas facility of marginal discoveries in UK waters. 2 The financial challenges and technical risks remain high for marginal field development but FPSOs provide a viable solution.
Interesting...since the AGM we continue to fall and no side show announcements to date have offered any resistance. GS must deliver something soon otherwise previous fund raising to get a deal over the line will be proven to be no more than cash burn to fund a bunch of..........(let you fill that one in) in their carefree moraless life styles. Where are the further projects being added to the portfolio mentioned in December statement?? In fact...what's the name of one that's actually considered a project and not pure speculation. Are the promised Comms improving...not in my opinion..share holders now more in the dark than ever......over to Simon..no recent tweets...must be on holiday again...newfoundland maybe?
Hopefully it's been burning fuel because there's a take off due very soon!! Captain Scotty at the ready.
To be to honest I don't think anyone cares which one comes first...we just want A deal to prove this company's worth more than ideas. Need someone to believe in the theory..and covert to dollars.
One day.. the concept will turn to project delivery and it will surprise everyone. Good bye traders.
Nu-oil/Mfdevco tick all the boxes of the OGA. 2017-18...marginal fields..technology leverage..optimal technology.... Add this to the flexibility when output of wind power is low and what do you get? A potential that's as good as drilling into rock with a good mine below!! Keep an eye on the OGA website as I'm sure the 2018-2019 and into 2020 will include GTW technologies. And I hope we will be considered a front runner!! --------------------------' Working with the Technology Leadership Board (TLB) and the industry, the OGA has defined a Technology Delivery Programme aiming at making the UK Continental Shelf once again globally competitive. The Technology Delivery Programme builds on the Technology Strategy and describes in more detail how and when key activities will be delivered through the joint work of the OGA and other stakeholders. The Delivery Programme covers also the various obligations and commitments from the MER UK Strategy, the Energy Act, the OGA Corporate Plan 2016-2021, as well as the overall principles of the OGA stewardship. The Programme focuses on the short to medium term(2016 and 2017) during which the OGA starts implementing its technology strategy. During this period, the OGA will collect feedback from the industry and other stakeholders and use these learnings to establish subsequent, longer-term programmes. These actions align with the objectives of the OGA Activity Plan 2017-2018. 1. Technology Strategy - Work with the TLB and industry to develop a UKCS Technology Strategy and Delivery Programme 2. TLB and MER UK Forum - Reinforce TLB priorities and theme groups, developing links with other Task Forces under the MER UK Forum 3. Deliver on technology priorities - a) Well cost reduction. Reduce cost of drilling and construction by over 50% allowing additional UKCS reserves to be developed; b) Small pools. Unlock development of marginal UKCS discoveries by reducing costs and technology leverage; c) Asset integrity. Achieve efficiencies in integrity inspection and maintenance costs, achieving greater production uptime; d) Digital technology. Deploy advanced methods to acquire, share, analyse and use data for diagnostics and decision-making; and e) Decommissioning. Drive efficiencies through technology in wells plugging and abandonment (P&A) and facilities decommissioning 4. Industry engagement - Engage operators on their UKCS Technology Plans for the development and deployment of optimal technologies 5. Technology deployment - Accelerate development, piloting and deployment of key technologies, including through collaboration and campaigns 6. Monitoring and benchmarking - Monitor UKCS activities and investments in technology (development to deployment) and sharing of best practices; report progress and benefits Technology Delivery ProgrammeDownload PDF | 1643KB
Not just a U.K. debate Given that the U.K. is relying on a largely untested reactor design for upcoming nuclear capacity, it is perhaps legitimate to ask if the reliability of new reactors will be significantly greater than those of gigawatt-scale offshore wind farms built at the same time. Tom Dixon, wholesale team leader at U.K. consultancy Cornwall Insight, said: "New offshore wind farms being developed are now much more reliable than older offshore sites or their onshore counterparts.” As a result, he said, "it is credible to say that the shortfall in new nuclear could be made up by offshore wind, with improving operational performance and relatively low costs for the technology, but additional flexibility would be required at times when output is low." It is not just the U.K. where offshore wind could potentially take over new nuclear’s mantle. This month, in the wake of a partnership between Ørsted and Tokyo Electric Power Company, the analyst firm Wood Mackenzie Power & Renewables questioned whether offshore wind could also be a cure for rising energy demand as new nuclear languishes in Japan. "Rising costs and a lack of public confidence in Tepco's ability as a nuclear operator have led the company to reconsider its future strategy," said WoodMac senior analyst Robert Liew. "Tepco's involvement in offshore wind is a crucial development."
Obviously the submissions are in 18th Jan 2019. Let's hope alternatives are being considered on the basis of cost benefits to Faroe!! Faroe Petroleum (ROGB) Limited hereby gives notice that a summary of the Schooner and Ketch Decommissioning Programmes can be viewed at the internet address: https://www.fp.fo/operations/uk/schooner-ketch-decommissioning-documents/ Alternatively a hard copy of the Decommissioning Programme and supporting documents can be inspected at the following location during office hours: Faroe Petroleum (ROGB) Limited Level 6, Havenbridge House North Quay Great Yarmouth Norfolk NR30 1HZ Representations regarding the Schooner & Ketch Fields Decommissioning Programmes should be submitted in writing to the address below or by email to SKDecom@faroe-petroleum.com, marked for the attention of Paul Barron, where they should be received by Friday18th January 2019 and should state the grounds upon which any representations are being made. Date: 14/12/18 Mr Paul Barron, Operations Manager Faroe Petroleum (ROGB) Limited, 24 Carden Place, Aberdeen, AB10 1UQ UK
Seeing 2p would be a start.
PROACTIVE ARTICLE..... ​Nu-Oil and Gas (LON:NUOG) – 0.79p Curiouser and Curiouser The exclusive agreement with Royal Eagle Capital Partner USA to provide the Company with access to potential developments in Mexico and Colombia is, on the face of it, a positive. What is curious, however, is why the company hasn't leveraged off of its relationship with Arup, whose excellent energy team is based in Houston, the key jump off point to perhaps the most liquid and vibrant offshore areas outside of the North Sea. What is curiouser still, is the fact that the Company still somewhat misses the point in that there is no shortage of potential clients, they need that missing ingredient to be able to get the concept launched, which still hasn't been mentioned. While this remains absent, the MFDevCo concept will remain just that, a concept. When they have that missing ingredient in place, the Company will wonder what took them so long, and there will be no shortage of clients.
Hopefully something that will produce revenue and soon. Latest RNS is strange, will check my notes when I get home tomorrow as I'm sure I heard Graham / Alison state something about not having projects that are at a distance...costs to manage and political issues, etc. I hope this means they have some very specific in mind as he's ignoring his own presentation.
Director share buying would be the icing on the cake right now. Scotty, got a few bob?
Let's move on..I actually like Roycot and his decision to stick to his principles is honourable albeit he knew he was swimming against the tide. I like the thoughts today about Brazil but personally believe as I think Scotty said at the AGM it needs other decision making to come together to our benefit before it has legs (my summary). Appreciate all the research..albeit it tainted.. biased at times towards dump or pump. But truth is..we are all mushrooms now!