Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Looking good team! Change is coming
https://aminex-plc.com/
I have voted AGAINST the resolution.
I agree returning cash to shareholders may be the best strategy, but this is not yet the time to decide. Until a Ruvuma develpment licence is approved and that project is green lighted, there is no material cash to distribute.
I am FOR giving mgmt maximum 6 months to see that project get approved, receive the next cash payout, and propose alternatives, including a full distribution. But we're not there yet and this vote is premature.
Precisely the type of deal AEX/ARA should look to sign in TZ, a country desperate for local fertilizer to support its agrarian economy.
https://www.reuters.com/business/energy/shell-agrees-develop-nigeria-gas-field-dangote-fertiliser-2024-02-05/
Has anyone here actually read the Half-year report?
"The entire 3D seismic data processed interpretation will be completed in Q4 2023, permitting a total revision of the gas reserve and resource potential for the field. Moreover, RPS Energy Consultants Ltd has been contracted to produce an updated CPR before the end of this year."
RPS is producing the report and is commissioned to provide it by year-end. No one is sitting on anything here. End of story.
RPS report on seismic interpretation before year-end is the only update I'd bank on.
Workover sounds like it's a drip drip of equipment arrivals, so may not be much to report. Other material items (e.g. gov't approvals) out of company control. No major work commitments until approvals in hand I'm sure.
Orca's 3D project started with the land portion, as noted in their operational update at the start of the year.
From AEX perspective, hopefully this land data has already been collected, including Kiliani overlap, and the real issue is with the (more complex) marine data gathering.
In principle, I don't mind BoD going to market to access capital. That is precisely why companies go public. Just not at these price levels.
Dear Directors, work your butt off to close the Ruvuma deal and focus on regaining trust with your investor base before moaning about financing options. You might even attract an II or two in the process. Or government eco-grants. Let's get creative here!
Will be interesting to see the updated FDP. Original plan estimated about 6-7 wells to produce 140mmsfd. From mgmt, we may get 110-120 from NT1/NT2/CH1 alone.
Any hey, now that we're no longer targeting Jurassic (n/t), can we go back to calling next drill NT3? (irrelevant musings)