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Util, while supply might fall off in the domestic market as Argentina winter ends you must remember the fixed gas prices are with industrial industries plus I believe there is a gas volume agreed, maybe time you start to read news updates / RNSs several times until you understand them, hope that answers your main question, re Sound, no idea, do not follow them.
I`m not sure if y7our thick or just refuse to accept the truth. Ok i was wrong only 70% of the gas sold is sold at a fixed price. I do notice that you did not address my main point that it`s summer time in S America usage is dropping so sales will drop. Also if everything is so rosy in the garden why is the SP now at .57. Even Sound energy`s SP rose on Friday whilst Echo`s dropped. You need to take off the rose tinted glasses, man up and tell yourselves and your partners that you have lost the family silver.
"I`m not sure if y7our thick or just refuse to accept the truth. Ok i was wrong..."
LMAO
And the significance of SOU's daily SP movements is...? Still, you're adding a lot of value with your masterful understanding of Begg, Dornbusch & Fischer. The board appreciates those S&D 101 insights I'm sure.
London Stock Exchange shows .59 as the price.Where are you getting your price from?
I`m not sure if y7our thick or just refuse to accept the truth. Ok i was wrong only 70% of the gas sold is sold at a fixed price. I do notice that you did not address my main point that it`s summer time in S America usage is dropping so sales will drop. Also if everything is so rosy in the garden why is the SP now at .57. Even Sound energy`s SP rose on Friday whilst Echo`s dropped. You need to take off the rose tinted glasses, man up and tell yourselves and your partners that you have lost the family silver.
Not with you there Util,
ECHO's contracts were put out for commercial auction last year - at the time 3Q-4Q20 a pretty sharp move, which provided premium rates against spot (emph, at the time) - difficult to call where local contracted prices will be this next year, but contracts are are an 'option' - are term based and fwd looking, which will take into account southern hemisphere winter 2022 ;o)
2022 contracts may or may not see 50-75-100% premiums on this last year's auction/contract rates but I for one wouldn't bet on let alone expect to see any fall either, or Argentina finding itself miraculously immune from the ongoing global gas (energy) crisis - though that would be a +ve for the local economy were it true.
I think we can trust MH knows the importance of getting the highest price for whatever comes out of the ground and would think the option for incremental production to be given exposure to premium price Intl markets now an attractive CTM. He's a smart guy.
Util, you and others really should try and get your facts correct, we do not have a fixed price for oil, we do have a fixed price for 70% of our gas and an option to supply more gas at the fixed price however I suspect that is an option echo would not take up if the local spot price for gas is higher than the fixed price.
Please at least make an attempt at posting facts rather than fiction.
It's becoming boring having to correct you and your co workers from rent a de-ramper.
You keep yapping about the higher oil and gas prices but the SP is as i said .57 not as you said .59. You don`t seem to understand that we have contracts that we sold our gas and oil at. They are fixed price taken before the price increases. The worldwide increase will give very little help to us because when we negotiate new prices demand in S. America will have dropped due to the summer period. First law of economics, supply and demand. Demand drops prices drop. Try and let these points sink in before your next trip to lala land
look we have been through the mill here over the years, from 27p 3 weeks after consolidation
with lot less shares in issue to where we are now, we have gone through a few CEO's
before we find MH and his new vision for shareholders value, that is starting to show through
slowly with his leadership, although the knife is still out'' on lack of regular news flow
but only this time we are producing 1700 BOPD and no debt to pay to 2025
under his leadership with a lot higher oil and gas price than we could ever imagine
and with 6 more well to come shortly we could easily hit another 300 BOPD
I'm sure MH can't wait to tell us the new numbers to really kick start
this long awaited rerate in our beaten down SP
but we just cannot speculate when, RNS will come
as disappointment often
offend
308..