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Tuesday, July 05, 2022 8:12:39 PM
An Oklahoma company that has expressed interest in lithium and bromine production in Southwest Arkansas has received a drilling permit from the Arkansas Oil and Gas Commission.
Galvanic Energy LLC of Moore, OK is attempting the re-entry of the Miller No. 1-24, 1,700 feet FSL and 400 feet FWL in Section 24-18S-24W in a wildcat field in Lafayette County. Permit depth is to 10,848 feet into the Smackover Formation. Work began November 1.
Galvanic Energy has said previously that it has acquired thousands of acres in brine leases in both Lafayette and Columbia counties across a 100,000-acre area. A statement issued in July by Galvanic’s Saltwerk subsidiary said that under the “current footprint” of the Saltwerx prospect, “the resource in place is estimated by 4 million tons LCE (lithium carbonate equivalent and 8.5 million tons of bromine.”
http://www.magnoliareporter.com/news_and_business/lafayette_county/article_125b3084-46c7-11ec-8d2f-03d241c072d1.html
I was just going to update the ibox for nanoEE, I have no plans on being the moderator here for long just waiting for the lawsuit to update the IBOX.
I waited for the first trading day after the 4th of July. It has been said for many years if the Dow is green a bullish second half. If it is Red for the day the next 6-months will be bearish.
Does not matter what results are after today. Stock market is not going to be good for longs anywhere. It is why I have sold 0ver 60% of all other positions.
And I will only be a swing trader. I am in no hurry to enter this market for sometime.
If THEIR IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG
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