Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Issues a buy tip at today’s price of 114p.
https://www.investorschronicle.co.uk/company-news/2020/10/14/touchstone-soars-again-on-third-discovery/
Strong performance, solid cash position and the Eurobond looks to be resolved.
Couldn’t ask for more.
Been sat here quietly waiting with baited breath but these guys certainly do know their onions. A third successful drill and a substantially thick pay zone under higher pressure..
Only one way this is going!!
Have to say hats off to the team, clearly ran over schedule hence the quick move now to target Cas deep and reduce rental costs but these guys are not only discovering new formations they are paving a way for T&T oil and gas explorations.
PetroTal, operator of Block 95, announced the restart of its oil production operations in the community of Brittany, Puinahua district, Loreto department.
The resumption of activities has been possible after the agreement between the representatives of the central government through the Ministry of Energy and Mines, the regional government of Loreto, local authorities and native organizations of the region, to lift the measure of force that was upheld. for more than five weeks in Brittany.
Last August 8 at night, a group of protesters tried to enter the PetroTal facilities, with the purpose of demanding the central government the urgent provision of basic services such as electricity, water and works in the field of sanitation, education and health due to the covid-19 crisis.
The agreement of September 28 was given in the presence of representatives of the central government, led by the Vice Minister of Hydrocarbons, Víctor Murillo, the regional governor of Loreto, Elisbán Ochoa, and representatives of the native federations of the area.
PetroTal seeks to provide the minimum guarantees to be able to operate safely and in a framework of peace and collaboration with the Brittany community, as it had been doing until before August 8. The average production of 11,500 barrels per day aims to reach 20,000 barrels per day by 2021.
Recently PetroTal, a request from the population of Puinahua and in recognition of the risk of a landslide caused by the erosion of the Puinahua Canal that would affect the community, decided to carry out the urgent works to contain this erosion and cover the corresponding expenses that are estimated in 1.4 million soles.
Faced with this urgent situation, and in order to safeguard the tranquility of the community, the company will provide additional daily electricity service for up to 24 hours (currently there are only four hours). This action is key because, thanks to electrical energy, the works will be carried out to remedy erosion and, in parallel, the community will be able to have electricity service permanently.
https://energiminas.com/loreto-petrotal-reinicia-operaciones-en-el-lote-95/
Credit to BE on Twitter
Agree, day to day movements are irrelevant and being in both here and RRE I think to suggest a trading range should suggest a TO approach is wrong. If that were the case half of the market would be bought up.
The usual mass hysteria selling on Corona caused the lull from breaking 80p, the news of late appears to take more of an approach like Swedens herd mentality than that of total lock down.
As such the market should resume to normal trading in the coming days. The drill results will do the talking.
Having read Greg’s post and modas operandi I would suggest not to engage. I have reported the posts/vendetta to admin to review.
Chinook is now close to total dept, with the existing discoveries values already dwarfing the MCAP and an announcement also due imminently around the gas contract with State owned NGC revenues will do the talking.
TXP fully funded both for Chinook and Cas Deep.
Besides which, the half yearly are historic - this is monthly up to date.
There should be a trading update issued before the end of the month, I expect it to be positive.
Maybe the same as Cas corpse, the reflective deeper zone masking out the gas.
As we all know, there was no interest in gas back in the 60s, this I firmly believe are what TXP are chasing with oil as the added bonus now.
*Why is it out of the realms of possibility...
I would very much disagree, given the hype over at GGP pushing on to an MCAP of £910m.
Why are the realms of posibility for a £35m MCAP to rally strongly in a surging copper market with the right news behind it.
The SPT reform has been talked about for years the significance for the proposals to actually announce a change as early as October should not go unnoticed.
It will be huge for T&T and yet another perfect result for TXP.
Irrespective of the result at Chinook what they have achieved at both COHO and Cascadura is already not reflected in the share price.
When Cascadura comes online with the additional well also in tow they will be printing money all of which will be coming from the supportive government as and when the NGC deal is announced (which doesnt sound far away).
The bonds refinancing have been discussed as far back as June.
A discussion around the bond structure ahead of a covenant test post COVID for a company that has since returned to normality is no different to ANY other company that has been affected during the pandemic.
In regards the going concern comment, that is standard and expected practise. Most small caps post an emphasis of matter statement periodically - the difference here is, IPF actually has a business that is clearly generating cash. The pay down of existing debt and increased headroom on lending facilities signifies just that.
No reason to doubt they won’t refinance and it sounds from the interview they are already months in to the discussions.
Business has retrurned largely to normal and a great collection rate - they’ll certainly weather the storm. Flush this seller and it should begin to lift.
https://www.touchstoneexploration.com/wp-content/uploads/2020/09/September-Presentation-FINAL.pdf