Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Everyone should know that UJO and company never intended to renew the gas flare as it would be pointless as the Wressle site is restricted on the amount of gas they can flare. The flare has been moved to fit in with the new gas to electric installation, and will have been piped up to this now. If everything has gone to plan Wressle should be establishing the new flow of oil leven as I write. I am still sure it will sustain at over 500 barrels a day and I hope for over 750. All IMO, but I am confident that I am right.
GLA.
HEID. I agree with you over the price of oil and I predict it will not be far short of 90$ by Christmas. OPEC will not produce the extra gallons a day in January, as it will not be in their interest to do so. What is good is that we know that we will produce from Wressle 500 barrels a day and we all hope it will be double that figure for many many years. ALL IMO.
GLA.
M.Bee. What you say is so true, and I wish I could change the last few weeks at least, and I would not be carrying the large loss if I ever sell. Mind you I will not be selling until UJO shows the frofit I know it will produce. I would like to blame the market makers for the drop, but many ordinary punters had to sell, and good luk to them!!!!!!
I still expect this share to rise and return to me a paper profit at least, this is IMO.
GLA.
Should rise strongly from here now. OPEC will aid our recovery as there is little chance of them increasing the flow of oil and in fact could reduce the flow to take into account the countries that are now in lock down.IMO.. to make a fast buck.......We are well covered with price x2 thanks to Wressle even if its flow only gives us 200 barrles a day. Again only IMO. and I must say I am a long way down on UJO.
GLA.
Everyone knows (or should do) that at this time Wressle is hamstrung by the amount of gas it can flare. So to open the choke is restricted both by time and the amount of gas passing through. So open choke is for very limited periods. However if UJO maintains our 200 barrels a day our share is worth in my opinion 30p plus. What is taking place is the estimate for the gas to electic engine size needed, before ordering, I advice people to hold or buy as IMO this share can only rise in price.
GLA
Cynderlad. You are so right. The rig and gear that left the site in the last few days over the weekend, is not required for testing. All I know was yestaday afternoon at around 3 pm I saw a tanker with 1267 plates within 2 miles of West Newton. I did not report this as I was not certain from where it came. What I do know is it could have come from West Newton, but it could have had oil from the storage tanks. I just do not know. The rig and gear had already left site. West Newton was always going to add a small amount to the value of our shares. Our value lies in what we knowfrom Wressle which is 30p plus in IMO.
GLA.
Heid. I was able to see that plan last year and two of those companies have alredy visited our site.. By the way it is common knowledge that at this time 20% of our gas is now Hydrogen comming into our homes and facturies. I beleive West Newton gas will be used to generate electricity, as a major cable network is very very close to our site. Of course the gas will be converted to Hydrogen gas, and I am aware that this project and cost has been already looked at. Where the money is IS in the area of the Humber Basin that Rathlin and company have the rights to.
GLA.
The Humber Basin has Billions if not Trillians of cubic metres of gas. UJO and co. should drill at West Newton a couple of side tracks. I would drill also along the pipe line that runs from Aldbrough to salt end in HULL. Cheap to connect into this. Mind you, a couple of large companies visited west newton last year and those nation companies could be back soon.
GLA.
Rogan. I am taking a great chance posting and I should not have put the arrival times on. Its the same for the local who told me today and yestaday about the early tankers He would be a social outcast. The later ones I saw myself. If my ID is found out I would not be able to get near the site again. Very sorry.
GL:A.