Question23 Apr 2021 10:38
2021 net = 81230 boe
yet they have only sold 17600
Are they storing the difference?
Gross cumulative production from Santa Cruz Sur for the period 1 January 2021 to 14 February 2021 was 116,040 boe (net 81,230 boe).
Given the indications of an improving macro-economic outlook and, specifically, the increase in oil prices from the start of 2021, there has been an increased demand for Santa Cruz Sur oil, resulting in improved pricing and, as a result, more frequent oil sales. Oil sales to date in 2021 have totalled 17,600 bbls net to Echo.