Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I've been waiting for a response to Lokanraej's post......
There is none? maidit are you in detention? when there are transactions you are the man posting none stop about hee haw.
But someone posts a question about the darkside and your gas is at a peep even now when is worth so much.
Loka my view and my view on here only. this is a sham company, easy to churn out news about far off wells and contracts that we can't readily agree with. In fact has anyone seen a well gas or oil that echo owns?
Easy to hide behind things when then there is no profit. But now the gas price is flying hay hoo echo is in the money........ so why is the SP on it's bottom?
1st the company could fit in a bus shelter (my potting shed is near empty)
With regards James P well i've no dealings with him and hes not living of my money but I think there are a few from both here and Sound that don't attend his beers in the pub sales pitches anymore.
So if you can get your head around a lifestyle company where investors fund the holder lifestyle then this is where your at.
Everyone seems to put IMO after every post but I've no fear they'll take me to court they'll have to disprove what I've written
I hear a lot of dark murmurings about James Parsons and Sound Energy, and then the comment about scabs getting shares etc.
Can someone explain what this is about? Are people suggesting that the share price is deliberately being kept down in order for dilution to occur, after which a rise will be attempted/contrived?
Surely it would be company suicide to do a placing or issue 2 million worth at this market cap, and the current sentiment?
It's better than being unpopular !!
Popular Share today
This is a special share in a way. It's the last of the covid recovery shares.
We need to get this extra oil pumping and selling though!
Yep, and whilst here in the UK the astronomical gas prices are happening just as winter is starting, in Argentina its just as winter is ending so I guess we would expect to sell less gas over the coming 6 months anyway. Not great but at least its not right in our peak season for gas sales (I think?)
Price was fixed last year as well and that worked for us, no one could foresee these prices which now work against us for 60 / 70 % of our gas production.
Important now if we can up production and sell the remainder at spot price.
'Following the Company's announcement of 24 March 2021, relating to new gas sales contracts for 2021-2022, the Company has now agreed summer and winter pricing for its annual industrial clients, with the contracted winter premium providing substantially increased cashflow in the near term for future operations and production enhancement work programmes. For the committed production over the key southern winter period (May to September), the Company will sell natural gas at an average price of $3.52 per mmbtu, which compares to $1.35 per mmbtu for industrial clients the previous year. '
So is that $3.52 in winter, $2.64 average of summer and winter?
And this is for 4.6MMscf/d which is about half our gas output. Anyone know about the rest?
Didn't the renewed contracts (two I think) sell for $3.52 per mmbtu?
bugger.
'The Contracts have a term of 12 months, with gas sales beginning in May 2021, and provide for a 126% increase over annual industrial contract pricing previously achieved by the Company in May 2020 and a 39% premium above current local spot price.
The Contracts provide gross 6.5 MMscf/d of committed production, 4.6 MMscf/d net to Echo, at an average price of $2.64 per mmbtu, with the Company able to elect to sell additional volumes of up to 1.9 MMscf/d net to Echo under the Contracts. This optionality, at the election of the Santa Cruz Sur partners, provides flexibility to respond to market conditions including rising spot prices.
As a result of the Contracts, a minimum of approximately 70% of gross daily gas production from Santa Cruz Sur allocated to industrial customers will now be committed under secured contracts until April 2022. '
From the March Commercial Update RNS. So I think yes we're partially locked into those prices.
Back on 19 April 2021 in the Q1 2021 Ops update there was detail of gas contracts for Industrial customers, extract below;
***Following the Company's announcement of 24 March 2021, relating to new gas sales contracts for 2021-2022, the Company has now agreed summer and winter pricing for its annual industrial clients, with the contracted winter premium providing substantially increased cashflow in the near term for future operations and production enhancement work programmes. For the committed production over the key southern winter period (May to September), the Company will sell natural gas at an average price of $3.52 per mmbtu, which compares to $1.35 per mmbtu for industrial clients the previous year.***
Do we know if those contracts are now due to come to an end (i.e. at end of September) or if the 'summer and winter' pricing agreed means we are tied into prices for the coming Argentine summer (i.e. October onwards)? I suppose what I'm getting at is were the 'summer' prices for those contracts relating to last summer or this coming (southern hemi) summer? Anyone know?