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just printed
09-Sep-20 16:38:13 70.00 465,465 Sell* 72.00 75.00 325.83k
It says below 3% and they went under it on Monday, volume's been good for the 2 days since so they should be well under it if they're still selling
Shell have apparently abandoned the Jaguar well, think Bolivia needs written off
https://elpais.bo/tarija/20200620_tras-25-meses-de-espera-cae-jaguar-x6-shell-se-retira.html
After 25 months of waiting Jaguar X6 falls, Shell withdraws
After reaching 5,300 meters depth, several machinery breakdowns and work stoppages there are no indications of a marketable product, the community members saw the machinery deploy and the Jaguar X6 remained silent
abzzba, I've no reason to doubt that there's gas down there as they've said it's being tested and put the tie in to the existing line on the upcoming activities.
Having been here for over 3 years I've been bitten a few times though!
My comments weren't directed at yourself, more Mark's use of "significant discovery", let's wait and see
Please let's not go there again, there were too many ramps on the basis of a CGC EGM when they were testing the TA well that turned out to be a dud.
GCA will interpret data based on flow rates and before and after shut in periods so it may be that an initial flow was done but the lockdown started before a pre-determined shut in duration had been reached and any equipment and personnel for the 2nd part of the testing was postponed.
We've had this ramped on EMS and TA, can we be cautious and maybe pleasantly surprised with this one?
Really?
Working Capital
The year-on-year change in the working capital profile of Echo reflects the move away from producing activities for six months of the year, before a return in November 2019 via the acquisition of the Santa Cruz Sur concession working interest. The high level of receivables as at 31 December 2019 includes US $1.0 million from PETSA, the vendor of the Santa Cruz Sur concession working interest, reflecting post acquisition working capital adjustments. Trade receivables and accrued income from operations are US $2.2 million (2018: US $1.1 million) with additional joint venture receivables of US $0.9 million (2018: US $0.7 million). Echo's high level of investment in the previous period has built-up a VAT and retention tax balance of US $4.1 million. At the end of 2019 legislation was enacted which enables Echo to submit a claim for VAT balances that are more than six months old. The trade payables value at year end recognises Echo's share of payables for both Argentine joint ventures of US $4.9 million
Oilmanjim said that the 3p warrants were being sold 2 years ago and they weren't .The guy has had a hate for Echo since day 1 so if you're basing anything happening with echo on his advice then more fool you.