Member Info for Ecclescake

Another piece of information, two large O&G corporations sign an agreement and have a office in Paraguay which not directly linked does show a increasing interest in upstream expansion in the country.
The chances of a successful farm-out is getting stronger, NOC $700m to spend and international corporations deciding to have a office.
https://oglinks.news/drillmec/news/oilandgaspress-com-oil-news-oil-price-auto-gas-2c960e8

Here is what PPC said, the mention foreign NOC rather than state but I get your point. Foreign is a bit more benign . Paraguay’s Petropar is the most likely from what know, and from PPCs point could be considered foreign

Prior to the Covid-19 crisis, President was in substantive discussions with a foreign National Oil Company (NOC) who, after detailed due diligence, made a preliminary offer in relation to a farm-in, including the drilling of a well on the Delray complex containing, in total, an estimated 230 MMboe of Oil in Place ("STOOIP"). Due to the crisis, these discussions were suspended. Accordingly, whilst at the present time there has been no concrete re-engagement with that party and there is no guarantee that such will re-occur, the detailed discussions did encouragingly demonstrate that the farm-in prospectivity is real and tangible. The force majeure extension of the Concession period will be of significant benefit in the ongoing farm-out process.

In the Pirity Concession as a whole, as previously announced, President has identified in its estimation over 500 Mmboe of STOOIP.

AParky great find usd700m is a huge budget and they want to involve the private sector, I think you may have just found our farmout partner. All that money is going to make Paraquay a player in the region and can only help our prospects.

Other news from samsung is there has been management vacuum at the top, again not perfect translation......
Lee Jae-yong, executive interviews are also blocked... Samsung's 4-week management vacuum

Samsung, the number one company in the business world, has been in a state of'complete management blank' for a while. This is because, in response to the spread of Corona 19 from correctional facilities, Lee Jae-yong , Vice Chairman of Samsung Electronics (KS: 005930 ), is quarantined in the living room of the Seoul Detention Center for 4 weeks. As a result, Samsung's management's visits were blocked for the time being.

I think we can draw a parallel between the recent surge in new subscribers 2.5m more than expected, to users of online gaming. Tech had a big rise yesterday

News release from Investing.com translation isn't brilliant but you'll get the jist
"An opportunity to scarcely sell semiconductors"... Samsung's'old image sensor' preoccupied

Samsung Electronics is planning to break through the business blanks of Vice Chairman Lee Jae-yong and accelerate its inroads into the automotive image sensor market, the next-generation food. Vehicle image sensors, which are expected to grow with the full-scale dissemination of autonomous vehicles, are expected to form a market of over 20 trillion won in 2030.

Looks like you got you wish with those last trades today

shortage in supply and cold weather push prices up
https://oilprice.com/Energy/Natural-Gas/LNG-Price-Boom-Obliterates-Rally-In-Bitcoin.html

You'll need to translate, but it gives more background to Samsung ethos. Company decisions of the magnitude we're looking at are made at the top.
https://m.khan.co.kr/amp/view.html?art_id=202101161346001&sec_id=940100

3.55 in
https://youtu.be/05KZz0ZoEVU

LNG prices have taken a beating over the last few years, now it looks like they are starting to rise
https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Warns-Of-Bullish-Perfect-Storm-For-Natural-Gas.amp.html

News to me BtB when did that happen, they were still talking about it in the AGM statement 3rd Dec

We should be due an update on the ST deal.
The ST agreement covers both development work and commercial supply of nano-materials for use in various infrared sensing applications over an initial five-year period. It is an extension of an agreement that was in place while Nanoco and ST worked with a "mutual significant US customer," Nanoco said.

Whoever the customer was, the contract was completed and all deliverables paid for in the first half of the fiscal year.

ST has now provided orders for development work on material for a new application and small-scale volumes of an existing material have already been sent by Nanoco. The first phase of the development work which started in April is scheduled to last until December 2020, Nanoco said.

Samsung antagonising LG minor issue, but they keep poking each other, bit odd in grown up world.
https://m.biz.chosun.com/news/article.amp.html?contid=2021011402397

Dial in parameters
https://www.se.gob.ar/datosupstream/consulta_avanzada/reporte.php

This gives some pricing info https://apps.se.gob.ar/viz_3/pgas.php
The production figures are avalible but I can't find the link at the moment.

This came from 7th Dec RNS it also promised a January update on operations.
relation to prices, the Company notes the recent positive upward movement of both the oil price and Argentina gas prices, the latter particularly welcome since it coincides with the Company materially increasing its gas output.
The oil price receivable by President for December production is estimated at more than the US$42 per barrel mark for the first time since March with the current spot gas prices achieved in the first week of December being US$2.10 per MMBtu which prices fluctuate week by week. These prices permit the consideration of the drilling expenditure in 2021 referred to above.

Ha, there is a message in those pictures.

In the past they have given a market update around the middle of Jan so its a good chance this Thursday, is my bet.

Yes, copied from........
RNS Number : 8876P
President Energy PLC
15 June 2020
Good chance we will have first RNS of the new year this week, in the past it always happens mid Jan