Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Don't we need to factor in the capital expenditure to get the CCS operational? I can't find any estimates of that in the report though I am a bit uncertain as the report I'm looking at is dated Dec 23. The CCS RNS was Jan 24 is there anything more detailed out there that I'm missing? Certainly appears exciting but until we know scale of cash injection to get this going it's difficult to even guess what proportion of the project would go to a farm-in partner. On a more positive note I'd have thought it likely there would be government help if we can facilitate a net-zero industrial zone.
Professor Eric Oelkers makes the point that BLOE can also cover their own CO2 production as well as serving industries such as cement and fertiliser. Apart from the cash generative opportunities this should also take us off the naughty step for funds claiming to have ESG commitments. Interesting times.
Certainly it's potentially huge but all I know is that, as reported, we have storage capacity estimated at 256 million metric tonnes. I have no idea how much we'll have to share with a partner or how much the government will take or what the CCS rates to third parties will look like when we're eventually in a position to market our capacity. Like I said I'm full of optimism but just feel predictions are running ever faster ahead of facts at the minute. GLA!
Evening Mg - I'm not deliberately being the in-house curmudgeon for the day but just a couple of points. PII as an example can hardly be described as 'high impact' as despite numerous false dawns it's never happened. Also calculations on the net worth of the CCS project are entirely theoretical because we can't independently finance it. Cash is king and assuming we can attract a partner they will want a huge slice of the action. Having said that I'm invested and feeling upbeat but I do feel ,with respect to some enthusiastic posters that expectations are starting to get unrealistic.
Block have stated that they are looking for a farm-in partner to help them initially with appraisal wells on PIII, whether the intention would be for the same partner to have the clout to help develop the CCS as well I don't know. What I would say is that we have absolutely no evidence that anyone is looking to completely buyout BLOE or that they even want to be bought out.
I have nothing against Zak except I can't remember him ever being consistently right, I'm sure he'd say that it didn't stay above the DMA hence it fell back but that's like saying it might go up or down. Anyway to contradict me dismissing his authority I did find this comment intriguing...... "Moving onto Block Energy which I haven't covered, or talked to the company for a long time either, there may be a reason for that". Probably nothing in it, I'll go back to the tea leaves.
It's actually not a bad thing to have a 'Devil's Advocate' figure lurking around, though it can get irritating when the motive is clearly to just be vexatious. I've heard from someone who should know that special forces often use the technique to stress test the planning of an operation. Perhaps they saw the work of you know who on here and poached them! Could explain the disappearance?
For balance while it is not difficult to find the last production figures (though I'm surprised anyone would invest without checking them), I'm not alone in being invested but not too happy with the abandonment of quarterly updates. The justification for that in the Dec Corp update (that it could put us at a commercial disadvantage with potential farm-in partners) does look a touch flaky IMO.
Maladoni I guess that scenario is completely open to personal speculation. We currently have a JV agreement with GO&G on PIV and are considering farm-in opportunities on PIII. If it doesn't happen the situation will be as it is now, what the consequences will be is impossible to say for certain. On the production figures I can probably be more helpful as I timed myself and it takes about two seconds to find them in the list of RNS's.
Genuinely not being a killjoy but I really don't see full buyout as being in anyone's interests, for me much more likely a JV bringing BLOE's expertise and experience on the licenses with a government approved entity to accelerate a net zero industrial plan. Georgia is a signatory to the Paris Agreement and are making ambitious noises on meeting their commitments, let's see what happens!
Thanks Kilgeever and Chesh. Let's hope PH has learnt some lessons over the years and he wouldn't throw around phrases like quantum leap without having good reasons for doing so. Like I said I remain hopeful but I don't share quite the same enthusiasm for PH's record as some.
I remain positive and am naturally pleased with this rise, albeit from abysmal levels. However I think some of the plaudits for PH are slightly premature. I was a fan of the strategy of incrementally increasing production to create a platform for the more ambitious projects but I think the jury will remain out until something concrete is presented to the market. We have also had mixed messages on the actual status of P1, encouraging on one hand to hear 'cash positive' but then a comment about possibly needing another well to maintain that. If history has taught us nothing else it should be noted that maintenance, declines and shut ins have undermined output and each new well hasn't had the impact we had always hoped for. By PH's own admission PI has failed to grow the mcap but clearly this CCS opportunity is getting some attention, I just really hope that there is some substance behind it and it's not some moonshot roll of the dice in the face of the modest impact of PI and non appearance of the promised PII. All in all we need more than words and tantalising pics of PH with Chinese Execs, that's great but as soon as you do that the clock is ticking on getting flesh on the bones. If we don't get facts, figures and signatures soon then this latest rise might prove frothy again.
Ah yes we used to call them tabs back in the day, I assume there can't be any non PC Transatlantic misunderstanding there. Let's see what they come up with, I would have thought anyone with the finance muscle are going to want a big chunk of it but maybe there could be some government help to mitigate that.