Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Give it a rest Penguins! ( and tag team)
I post a satalite pic and you complainI didn’t post the previous ones.
I post screen shots of the rig going up and ibug claims they are fake
I discuss the reasons why Turkey is a cheaper gamble than Surrey
And you want full accounts?? FFS
Now you are trying to prevent me posting?
Whilst hitting oil is a gamble , the odds are better in Turkey
Firstly the region has not been explored extensively like the UK. So there are more chances of a missed play
( I can think of 5 wells with 12 miles of my home)
The cost per well is 1/3 that if the . Or you get three wells for the price of one.
The speed is 1/5th of the uk regulatory system
And if you ever wanted to lay a pipeline 70 miles to Batman it would cost 1/10th that to lay one from HH to Fawley across Surrey, Sussex and Hampshire
It would be laid before you had been to the first planning meeting!
Quite amazing the efforts to de-ramp, …
We have a RNS of kit arriving on site.
Official Twitter account of UKOG with rig platform being assembled
Satalite confirmation
Facebook video of the rig going up.
And still they recon we are faking it
You can’t please some people !
It’s worth reading the PDF relating to the acquisition of four new blocks and to see how Basur-3 fits in to the exploration of the area.
https://www.ukogplc.com/ul/5fd1d196eb815_Turkey_New_Acreage_PR_Slides_FINAL_091220.pdf
The reason it’s an exploration well, it they believe there is a missed oil play, over and above the oil found.
Although I get the point it’s an appraisal well if you “discover” another seam of oil. Then there is an exploration element too.
I have tried to communicate with Brian
I have tried to verify info.
We were quite effective till certain people broke ranks.
Pandemics.
I still keep a close eye on the websites.( about 20 key pages )
And verify Turkey progress with satalite imagery
Brian doesn’t respond to emails anymore because of the rollocks that Adrian spouted about me. Most of it lies. And the Abuse he posts.
What would I do differently.
Firstly every decision is taken at that time, with the info available at that time.
I would not try to topple the board as we are about to spud Turkey.
I am not qualified to recruit a supermarket worker , let alone a CFO. &CEO.
Historically , I would not tolerate the Surrey planning fiasco over every single planning condition . I would have appealed on non-determination and unreasonable unnecessary planning conditions.
I would have dumped the planning consultants years ago.
I would not have purchased all that kit from PW wells at that price and the numbers of shares issued multiplied the price 3 fold.
There are expensive bits of kit clearly purchased by SS bespoke at HH
WTF are they for , how much did they cost, what would they sell for? What’s the plan for them ?
None of us know the full picture, the regulatory status with EA, OGA, planning.
(We should get an EA update very soon )
No doubt my thoughts will appear on the rebel website in a few hours
I realise that, which is why I kept quiet for two weeks.
But they have the brainpower behind £3m+ of share holders and two or three weeks.
I don’t usually snipe from the sidelines. But on this occasion it is justified.
I’m usually the team builder.
So since 17:00 Sunday and my posts last night we have changed from a panel of 5 share holders to 3 share holders and 2 others.
They only decided to have a forward plan after comments on this board
They failed to identify the key risks and changes themselves, it just proves my point!
Lending your voting power to this crew is dangerous!
Maybe it was a ploy to install Rodders ? ? Who knows.
As an example :
https://www.londonstockexchange.com/news-article/UKOG/final-results/14485767?lang=en
Google UKOG RND HAMBLE TANKERS
you get pages of results including this one
“Final Results - 16:33:33 31 Mar 2020 - UKOG News article ...https://www.londonstockexchange.com › news-article › fi...
RNS Number : 2862I ... UK Oil & Gas PLC (AIM: UKOG), a leading oil and gas operating company in the UK onshore sector ... with oil being largely exported and sold to Perenco at the Hamble oil terminal for onward shipment ... The produced crude has been exported and sold to UK oil refineries via nearly 500 road tankers.“
They need a package of remuneration to attract candidates.
They then need a list of 15 for each posted a short list of 3 per post
They need to identify the skills needed,
They need to find 3 candidates with matching aims and direction.
They need to transition ? Oil to hydrogen and or geothermal?
Uk or world ?
Finance..
Revenue
Bonus?
Incentives
Regulation.
Experience
Known knowns, and Un-known Knowns.
Then there is diversity , equality ... on the panel and board?
I don’t think it is a job for 5 untrained shareholders
Who selects the five shareholders?
What qualifications do the five share holders have in interviewing.
What knowledge do they have in oil and finance?
Who will be your replacement qualified person in oil?
What Salary package are you going to advertise?
Any candidate worth their salt would wrap your panel up for lunch
How do you know the panel won’t create a board that does not comply with aim regs.