Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
About the gas price. Read the section about SC in the ASR from Interoil (now also the operator ?) It contains a lot of details about the SC concessions. Both about commercial aspects including assumptions about prices, P1-P3 resources and 2022 planning on an operational level. I dont understand why ECHO isnt able to issue the same kind of statement.
Not so sure if there is anything to be excited about in the next update if you look at the numbers Interoil has reported from Argentina the last 3-4 months. Production has decreased. And moreover, the prices (oil) they have reported on a contractual basis is about 50% lower than current spot prices. And they havent been able to begin their MMO activities due to pending approvals and delays caused by Covid regulations.
The CEO of Interoil was on the front page of a financial journal (in Norway) two days ago to comment on the exceptional increase in volume and SP the last week/days. He was obviously not able to say or confirm anything other than to utter something in general about Ukraine, increase in oil price, turmoil, etc. However, he said something of interest about oil prices in Argentina. He said that Interoils current sale price in Argentina is USD 55 less retentions (whatever that means), discounts and taxes. He didnt say anything about price of gas, but I guess the USD 55 did cause some concern for those who had increased their expectations about the next earnings report. SP is since down almost 50%.
Sad to see, but their minority partner at Santa Cruz - IOX - is the winner at Oslo Stock Exchange as we speak. Even after they posted a negative resultat in Q4 this morning, and lower sales compared to Q3 with almost no change in production. Go figure.