Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Applicable At Applicable For Data Item Value Generated Time
27/03/2024 00:00 27/03/2024 System Entry Volume, Saltfleetby, D+1 0.1946 28/03/2024 12:01
26/03/2024 00:00 26/03/2024 System Entry Volume, Saltfleetby, D+1 0.1993 27/03/2024 12:01
25/03/2024 00:00 25/03/2024 System Entry Volume, Saltfleetby, D+1 0.1884 26/03/2024 12:01
24/03/2024 00:00 24/03/2024 System Entry Volume, Saltfleetby, D+1 0.1984 25/03/2024 12:01
23/03/2024 00:00 23/03/2024 System Entry Volume, Saltfleetby, D+1 0.1986 24/03/2024 12:01
22/03/2024 00:00 22/03/2024 System Entry Volume, Saltfleetby, D+1 0.2034 23/03/2024 12:01
21/03/2024 00:00 21/03/2024 System Entry Volume, Saltfleetby, D+1 0.2 22/03/2024 12:01
20/03/2024 00:00 20/03/2024 System Entry Volume, Saltfleetby, D+1 0.1812 21/03/2024 12:01
19/03/2024 00:00 19/03/2024 System Entry Volume, Saltfleetby, D+1 0.175 20/03/2024 12:01
18/03/2024 00:00 18/03/2024 System Entry Volume, Saltfleetby, D+1 0.1751 19/03/2024 12:01
that help?
04/09/2023 01:00 04/09/2023 System Entry Volume, Saltfleetby, D+1 0.2342
03/09/2023 01:00 03/09/2023 System Entry Volume, Saltfleetby, D+1 0.2298
02/09/2023 01:00 02/09/2023 System Entry Volume, Saltfleetby, D+1 0.2283
01/09/2023 01:00 01/09/2023 System Entry Volume, Saltfleetby, D+1 0.1667
I appreciate that to many the promidse of unlimted free energy looks enormously enticing. Recently news has reported on the " First deep geothermal project for 37 years" which now powers some of the Eden project. It was paid for by various private and public funding and was expected to produce enough energy for the Eden project and enough left over to power thousands of homes via the grid.
The Eden project is no stranger to free money via development grants exceeding 138 million in the early part of the millenium.
The cost savings delivered to Eden via geothermal means that rthe well will pay fot itself in 25 years if you ignore the future cost of money. Financially it will never return the investment, Furthermore, geothermal wella have a finite lifetime. In countries where geothermal opportunities are geographically highly available, analysis has shown well have lifespans varying grom 12 - 40 years, depending on many variables but most commonly thermal stress. So even on an interest free basis it is quite likely that geothermal power for Eden will only ever repay a fracyion of it's costs. This explains perhaps why this is the first deep project for 35 years.
I hope one day that mining techniques can deliver energy at a cost that is competitive , before fusion makes all such endeavours redundant maybe.
The successful exploitation of geothermal energy in the UK looks difficult in the current state of the technology.
I do not consider that a business plan for viable geothermal energy can currently be imagined except in the greener brain that puts virtue beyond finance.
We can, however, always hope.
Testing wells which is the first thing to do after drill completion,. ascertains the properties of the well. It will, along with other data, establish a pressure v production profile and examination of the geology of the well will also influence the eventual decision about attempted flow rate.
The Saltfleetby geology is a difficult geology when it come to well bores. Many sidetracks have given problems and formation damage has been commonplace.
Attempts to ramp up flow rates rarely comes without risks. As you drain more gas or oil from a formation, you have to consider the rate at which it is replenished and after studying pressure decide whether the higher pressure differences caused by the increased flow can contribute to damage to the well bore.
After the trouble experienced with well bore damage during drilling, I hope the company is being cautious with ongoing flow rates. The company will have given this considerable attention and come up with a sustainable target.
The addition of another compressor might very well increase flow rates, but they will also stand more chance of degrading well integrity. This would only lead to eventually lower levels of output from the degraded well.
I expect the company is maximising the safe output from this well, speculating about possible increases is guessing in the dark without all the relevant well data and the math calculations that need to be done with it.
GBP > EUR is at about 12 month average and GB >USD is within 1% of 12 month high, so this is not exclusively a UK problem. Property prices have been out of step with reality caused by deliberate demand side issues engineered at westminster. It has not ever been sustainable, it's just a question of how big the bubble gets. Global inflation has focused the populace around priorities, but the UK has been hit by inflation in major sectors more than most.
Singhie, the only thing I would consider stupid is the refusal to understand that the will of the people is democracy and that the answer to all questions does not lie on a spreadsheet.
That is the fourth law of Robotics.
A realist works with what is and does not live in a non existent world.
You see the answer to all problems through the remainer filter resulting in a logic disconnect. Nothing useful will come from this.
I think you'll find that a debate on future requirements becomes somewhat a subjective view of the world.
We need first to examine data and learn from it. The UK currently has a population density double that of the G20 average ( G 20 composed of most of the worlds largest economies ) It's population density is also the third highest in the G20 and it had been engaged in significant immigration in the last 20 years supposedly to import more highly skilled people and bring in those in areas of high shortages.
During this time we have seen our gdp/capita go from $50.4K down to $46.5. So we either got it wrong or did not do enough. Australia on the other hand who took a more consevarive approach with little demographic change went ftom $41K up to $60K.
We can all agree that much better training and education will benefit those in the future, but when the world faces rising populations and probably ever more shortages of food/energy and land resources, Increasing populations seems to me to be going down the wrong road. The evidence in the UK is that it does not work either.
If people need to be a holder of paper shares canoot thery just convert 10 shares into paper format and retain the rest? Would this be easier or cheaper? If the number of shartes is irrelevant, 10 is as good as a million.
Dear Mr Singed Ears
I know that remaniacs and the other silmlar types at the centre for european reform ( that eminently independent thoughtless tank -doh ) love getting their models and algorithms to prove that Narnia really does exist. If you compare our gdp activity with other G7 nations it's nothing monstous, but there was always an inevitable downside with the unelected fascists at the EU trying to put the boot in to deter other freedom loving countries from engaging in wrongthink.
You are welcome to your hairy fairy predictions, they are no more accurate than your 'sustainable renewals' as opposed I presume to the unsustainable ones. ( see Tautology)
Anyway it is Sunday so dream on.
I think you'll find that Europe was at the mercy of Putin because of the idiotic energy policy of most in the EU snd Germany in particular. It was only Brexit that gave the UK the indepence necessary to be the standared bearer for support to the Ukraine in those early days when they were most at risk from the initial surge of men and machinery where uk supplies of anti tank weaponry were decisive.
But I know you hate brexit so keep nutting that wall all you like. Fill yer boots.
Isla I have just inherited perhaps... part of my mothers estate that contained shares held in an ISA II account and a trading account. There are multiple options as to what II will let you do with the shares. The first thing you will need is a grant of probate as you will have no authority to do anything until you get this. Then options will incluse, conversion into paper shares, transfer of shares into another account or shares sold converted to cash and transferred to the executor/s. When it comes to capital gains it depends on what you do. The value of the shares for IHT puprpose is valued on the date of death + or- one day. Ant change in value after that date is eithe a capital gain or a capital loss, but if you transfer the shares they assume the value at IHT valuation time ( date of death) and CGT is then a case of allowances and gains realised subsequently by the holder of the recipient account. If you sell and convert the shares into cash then gains will be liable for cgt, but the estate has awarded to it temporarily a CGT allowance for the duration, the exact time limits on this I never needed to find out. If there are a lot of shares and more than one you can mix the two approaches, transfer the shares of one and handle any CGT in recieving account and sell the other and use the CGT allowance for the estate. Which is what I intend to do as the share account has gained 6K already since death and probate will not be forthcoming during this financial year unless the dozies dealing with it suddenly get things done. I submitted it weeks ago but oft takes months.
Sorry for your loss. it is a time where there is much to do and some of it is a minefield. Best of luck.
Nuclear fusion as used at the NIF is not a form of renewable energy but a form of nuclear energy. This is just another step along the way, there are many many technical barriers along the way. Nif laser approach is considerably different to the Jet/torus designs that require plasma containment.
I know Mr Sebas evangelistic energy presentations seem very compelling, but it's full of spin, averages, generalisations and exaggerations.
I believe there is benefit in cheap solar and wind energy. I believe ther may be some role for battery storage. I think the prospect of Most people being able to have a solar/wind/battery off grid installation is a pipe dream with current technology.
I have a solar system on my roof. I am just fitting a multi kva lifepo4 storage system to maximise savings.
So I have spent quite a bit of time analysing usage, availability and cost.
I use 130 Kwh per day currently. It is cold. Most of this is heating and with a heat pump returning an average cop under winter conditions of 3.15 I could reduce this demand to 50 Kwh. The average daily output of my panels at this time of year would not meet 10% of this. I would need a significant wind generator, planning permission would be unavailable to all those not in isolated rural locations. So a battery would need to store summertime energy for winter use- not possible as my total yearly generation is less than my total usage.My roof is 75% solar panels, there is the garden but even that completely solared would be unlikely to meet the shortfall. I would also need a storage capacity of 60% of yearly capacity to utilise all summer surplus in the winter. A battery of just over £100,000 would store sufficent to enable it's full utilisation. It might not however cover with a sufficient margin for a poor year. Without wind a self sufficient energy system is not viable domestically in the united kingdom.
He further claims that solar is just cents per watt. When I insatlled mine 10 years ago it was £2.10 per watt.
A neighbour has recently been quoted for a similar size system at £1.10 per watt. Not cents per watt and certainly not a 80% drop in prices in 10 years.
Industry will probably be paying cheaper rates, no doubt, but he promotes the idea of off grid small standalone year round generation.
It may be viable in some countries but not here.
He goes on to say thsat nowhere in the world needs more than 3-4 days of storage with wind/solar/batteries. He then later explains the scenario for Germany where he stipulates 110 hours of battery storage. Contradicting himself in minutes.
There is a great future for renewable energy as an add on to conventional in some geographical areas and as a main source in others until a new technology emerges. ( fusion). The idea he peddles of it being a low cost upgrade for all people in all places is absolute green fairy insanity.
You would think it's easy to come by accurate up to date clear information about energy sources. Take for example energyguide .org who and I quote "An unbiased and respected voice in the UK energy market, "
From their page on energy sources I quote
"However, the good news is that electricity production via fossil fuels was down to roughly 35% in 2021 compared with over 75% in 2010.
Additionally, zero-carbon generation overtook fossil fuel consumption in 11 months of the year in 2021 reaching 85% (wind 39%, solar 25%, nuclear 20% and hydro 1%)
The 35% bit and the zero carbon at 85% seem to indicate a significant inconsistency.
Too many people have an agenda when it comes to energy and the data is often vague confusing or implying an error.
The national grid have plans in place to deliver energy of the network that will by 2030 ( they hope ) will see photovoltaics capacity grow from 14 Gw to 70 Gw and wind capacity grow from 11 Gw to 50 Gw. Now with an average peak demand of about 45Gw and a capacity of 120 Gw in the 2 renewables, capacity seems overkill. This is the unrelable nature of renewables. To suplly enough when wind is scarce , you need considerable overkill.
Even if you multiply existing solar and wind by the intended % capacity increases, we would have had a peak of 8Gw of generation from renewables today, but only during daylight and thereafter a little under 5. On todays figures that's a shortfall of 37-40 Gw of which nuclear does about 5.75 Gw and gas is intended to be eradicated. ( at some point ) So where will the other 32-35 Gw come from in wonderful net zero?
Batteries - ha... Imports? More nuclear- that soon?
With such an enormous expansion of renewables planned it is shocking to see the shortfall that even a vastly expanded renewable provision will still leave us with. The there's the cost of building something ( that big ) that when the wind don't blow will sit there doing nothing.
I do not believe the planners have a plan. Big batteries. Or enforced power management? ( cuts)
Todays power import has averaged 14-15%
That will not be cheap with power quoted at eye watering prices at 5-6 pm today
Worry not we will be the Sudi Arabia of wind ( or is that hot air)