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I haven’t been on here in a while, just came on to post the same thing and I see you already have! Embarrassed for the guy.
I have already wrote off my investment and compensated elsewhere , **** show from the beginning
https://ml-eu.globenewswire.com/Resource/Download/d0fdcc0c-acaa-4545-a897-36911b1ef84e
Anyone know what the large depreciation amount refers to?
"did you seriously expect to hear something today?"
No, the price was announced on 19th April last year, so I expected to hear well before today. Investors don't like uncertainty! We are going into May with investors having no idea of how much gas is being sold for or the status of the contract negotiations.
I guess the question is how close the price will be to market price - or will the price be impacted by something like a government cap
https://www.batimes.com.ar/news/economy/argentina-to-raise-power-natural-gas-prices-by-17-and-20-in-2022.phtml
Echo Energy PLC - London-based energy company focused on Latin America - Provides operational update on its Santa Cruz Sur assets in Argentina for the first quarter. Compared to the fourth quarter of 2021, total net production of barrels of oil equivalent per day grows by 6% to 1,491. However, this is below the average net daily production of 1,966 it achieved in the year 2020.
In the first quarter of 2022, the company net produced 134,167 barrels of oil equivalent, falling from 152,673 a year ago.
"Coupled with stronger prevailing commodity prices, Echo continues to build firm operational and commercial foundations as it looks to grow the business further in 2022," says Chief Executive Martin Hull.
Current stock price: 0.46 pence, up 4.6% on Tuesday
12-month change: down 67%