Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Still needed here, another positive update issued and shares are still trading at circa 50% of their recent highs.
The bond resolutions, return to pre Covid collections and significant headroom and cash position should push this much higher.
IIs recently taken sizeable positions and now the brakes appear to be let off.. triple digits.
Corpse, NGC news could land any day. The last presentation was around 4 weeks ago with proactive - PB said then they were close to finalising and should be hopefully able to update the market within the month.
Lexion thanks just had a read and it is great to put some projected figures against the comment made earlier;
https://seekingalpha.com/article/4389599-touchstones-cascadura-deep-gas-exploration-well-are-optimistic-for-significant-gas-discovery
Mal, Cas deep is targetting a completely different structure. One which proved successful at the recent Chinook well along with the original target that was not hit at Cas due to the gas pressures being too high to proceed (nice issue to have).
If that deeper structure comes in and is infact connected to that at Chinook circa 1km away (which 3D infers)then that single structure alone will be likely larger than everything they have hit to date.
In terms of what is priced in, fag packet calcs has not even factored in the recent "world class" find at Chinook yet so certainly nothing is priced in.
A recap of the extracts from the Cascadura well are below; note that 3P case of 571bcf and peak 22,600boepd production is modelled on the data “as we now understand it”. GLJ are likely to have been conservative on their estimations on the initial well, Cas deep (excluding the new deeper structures) will help better understand the first discovery so it will be interesting to see the reflective change on reserves post drill.
Based on the data obtained during both tests, the Cascadura-1ST1 reservoir appears to be unbounded within the area of investigation, confirming a larger pool than originally anticipated.
Gross Discovered Petroleum Initially-in-Place ("DPIIP") is estimated to be between 571.5 Bcf of natural gas in the High Estimate and 241.2 Bcf in the Low Estimate, with a Best Estimate of 398.5 Bcf.
Net peak production is estimated to be 22,600 boe/d in the 3P forecast, 15,108 boe/d in the 2P forecast, and 10,266 boe/d in the 1P forecast.
"GLJ's independent evaluation of the Cascadura-1ST1 production test results and the subsequent reserves evaluation of the Cascadura Assessment Area confirms the tremendous potential of the Ortoire exploration block. The Cascadura Reserves Report combines both the pressure and flow testing of the Cascadura-1ST1 well with the 3D seismic data which covers the entirety of the Cascadura structure as we now understand it.”
Predictions are great and an excellent way to pass the time and/or raise money for charity but let’s not flood the board.
Some good links and research are shared here so anyone new reading in can pickup on knowledge that would be helpful for an investment decision.
Maybe someone setup a shared google sheet and keep the readings on their - just a suggestion?
Please Copy & Paste your entries...
£1.18 spawny100
£1.24 Urzz
£1.28 Trek
£1.30 Photo
£1.46 Mrs Photo
£1.48 David Black
£1.50 Proselenes
£1.50 Brighty1
£1.55 Finnjavel
£1.61 Lexion
£1.67 Leapinglemming
£1.77 tidd83
£2.00 Climbingwosster
£2.20 Corpse (Ihope so)
https://www.malcysblog.com/2020/11/oil-price-genel-iog-bpc-touchstone-and-finally/