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PG1 - Pearl Global

springhill

Make the drill work for YOU
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CGV are a UCG & GTL company i have not come across before, they have interests in Victoria, Queensland, China and have recently been invited to collaborate with Nagarjuna Fertilisers and Chemicals Ltd to pursue development of UCG projects in India.
They claim to have one important advantage over other UCG competitors in the marketplace. Usual UCG methods rely on the permeability of the coal to link the injection and production wells, which as reported by CGV have to be around 50m apart for the process to work. CGV add a horizontal CRIP (Controlled Retractable Injection Point), linking the injection and production wells, allowing them to be spaced up to 600m apart, significantly reducing the costs of the multiples more drilling holes needed in more conventional methods.

CGV board members have experience in the UCG sector, including John Harkins (former director of Linc) and Dr. Michael Green, reported as one of the world's leading UGC specialists.

MC $9m
Current SP 6.7c
Shares on Issue 140m
12 mth High/Low 25c/5c
Cash at hand $3m
Expenses this quarter $1.1m

Company presentation here,
http://www.asx.com.au/asxpdf/20100812/pdf/31rvrwlrwp4pdk.pdf
 
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Re: CGV - Clean Global Energy

Spring hill was just looking this one up as well.I'm not that techo on this stuff hence why I was looking here.Young company interesting..But little income:confused: while looking through came across an old article by the speculator......which,on the same page as the other stock, showed an old bid for MDA,turns out they had a nice ann today;) Research can take you in so many tangents will be watching both these :cool:
 

springhill

Make the drill work for YOU
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Re: CGV - Clean Global Energy

For those that still have an eye, or an interest in UCG, The Capital Group has released a broker report on CGV issuing a 'speculative buy' on them, with a target price of 12c.

This is my (indirect) only holding left in UCG companies, having sold out of CNX, CXY and SYS. I will retain this one as they have good focus on key external energy markets; China, India & USA.
Further information on OS projects is covered here in half yearly report.
http://www.asx.com.au/asxpdf/20110316/pdf/41xh4bvv0yy732.pdf

Broker report here.
http://www.cleanglobalenergy.com.au/Images/110217 Gavin Wendt CGE Report_Final.pdf
 
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Re: CGV - Clean Global Energy

I like the look of this bunch and also noted a BUY recommendation in the BULL yesterday
 
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Re: CGV - Clean Global Energy

News - something hit the fan and is splattered on the wall.
 
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Re: CGV - Clean Global Energy

ay reason for the big sell off??
Going backwrds is noton
 
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Re: CGV - Clean Global Energy

Nice jump this morning.........any thoughts?
 
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Re: CGV - Clean Global Energy

Noticed a bit of interest from India around the Gladstone area for our coal. Could this be the reason for the 28% jump in sp this morning seen as they already have interests in India??

Keep watching
 
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ctr the black stuff

hi fellas
anyone on ctr.

very close to hitting the good oil in guatemala.

extremely promising progress atm with a very tight sell depth.
 

Country Lad

Off into the sunset
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Atzam 4 seems to be creating some interest with CTR's price up about 70% in the last month. Results of the bore logging out in a few days.

Chart pattern looks interesting.

Cheers
Country Lad

CTR P+F 19 Oct 12.gif
 

System

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On January 31st, 2018, Citation Resources Limited (CTR) changed its name and ASX code to Pearl Global Limited Limited (PG1).
 
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