Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I tend to agree with Stas, time taken to get samples to lab should be short. Do we know if the labs are super busy currently, or could they do a quick turnaround. Also given the magnitude of the find, if I was He1 I would have somebody hand carry the samples straight to the lab
I know that this is a helium play, but the other gasses found must also have an intrinsic commercial value...
4.7% helium,
1.5% argon,
8% oxygen
86% nitrogen
Plus the hydrogen that was found to be present.
When the lab confirms the in house analysis this should take off again.
Sharebel...
Production numbers can be found here. Do not expect any increases as they have stopped injecting NGL into the field from October last year.
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID48157&RequestTimeOut=65000&nOpco=1769
Be careful here...
One would hope that with the gov now holding 40% then, "paperwork", is a bit of a formality.
(I believe a lot of those studies have already been completed and paid for)
Regarding local public consultation...
If you were to canvas an average Timor-Leste voter with a question, along the lines of...
Should the government, -with the demise of existing fields output,- now start to make decisions that will ensure biblical prosperity to the 1.3 million current voters.
Or should they procrastinate for a further generation or two (and therefore bypassing the golden gas age) ending back at the poor house....
They might chose the former option?
Come on Horta, you fought for your people and won!....now deliver the spoils of war ;-)
What gets me infuriated is the income TL gets under both circumstances. If its piped to Darwin is something like 79%.
If it gets refined on the Island they get something like 80% via taxes and royalties etc etc.
The numbers may not be right (please feel free to correct them) but I am pretty sure the difference is tiny between the two options. They get the lions share under both, So why spend so much on Island infrastructure, and wait a further 3 to 5 years for a 1% delta...
Seems like madness to me, ...
I believe Horta has already travelled the four corners of planet earth seeking investment, ending up recently in London.
It is time for them to stop deliberating, and make a firm choice, either invest in vertical integration or allow the gas to flow to Darwin or via FLNG.
Time is running out for SWF, and also agree Gas is a transition fuel to get to the green economy.
If they wait to much longer the transition period will have passed them by....