Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Google translation:
Bolivia confirms existence of a "sea of ??gas" in Boyuy-X2 and active operation of Iñiguazu
The Minister of Hydrocarbons, Luis Sánchez, said that the "sea of ??gas" that had been announced in January "is in the test and we are burning gas (...), but we can confirm the finding, the gas discovery in the Huamampampa Kipe formation ( deep) "that opens the exploration process in other areas with the deep Margarita and Boyuy-X3 to the north.
The project located in Subandino Sur demanded an investment of US $ 133 million and brought together the efforts of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and the Caipipendi consortium, which now quantifies the volume of the reservoir to verify its commercial value.
March 24, 2019, 10:58
Found this to be interesting.
https://www.prensa-latina.cu/index.php?o=rn&id=259374&SEO=anuncia-gobierno-de-bolivia-pruebas-en-pozos-de-gas
Google translation:
Bolivian Government announces tests on gas wells
La Paz, Mar 8 (Prensa Latina) Two new natural gas wells in the departments of Santa Cruz and Tarija will soon enter production tests to increase national hydrocarbon reserves, local news reports said today.
The productive potential of the new deposit located in the eastern region of Santa Cruz will be informed in these days by President Evo Morales, during a visit to this field, the minister of Hydrocarbons, Luis Sánchez, informed the press.
According to Sánchez, the Patria Nueva information network will enter the Boyuy well in Tarija, considered the deepest in the world; and Caranda, in Santa Cruz, both with potential fuel reserves.
During an appearance last Tuesday in the program Caminando con el Pueblo, on the radio station Kawsachun Coca, in the tropic of Cochabamba, President Morales announced that they would report in the coming weeks on new explorations and discoveries of gas megaprojects in Bolivia.
In this regard the holder of the portfolio said that 2019 will be the year of exploration for hydrocarbons with an ambitious project of drilling about 26 wells, of nine in execution, with an investment of some thousand 400 million dollars by the state company Bolivian Fiscal Oilfields (YPFB) and other operating companies.
The prospection works in the Chaco East-X1, Boyuy-X2, Carandá-X1005, Incahuasi-5, Jaguar-X6, Sipotindi-X1 and Caigua-15D fields seek to confirm reserves for four trillion cubic feet of gas.
Only the well of Boyuy-X2 represents the discovery of a mega-hydrocarburic mega-structure called Huamampampa profunda, extended throughout the departments of Tarija, Chuquisaca and part of Santa Cruz, according to a report by the transnational consortium Repsol, one of the operating entities.
The profits from the nationalization of hydrocarbons represented about 46 billion dollars for Bolivia in the last 12 years, according to data from the YPFB.
tgj / oda
No worries. I've a sizable holding too. People were talking about big dilution etc. So I decided to email the company for clarification. To my surprise they said Martin actually wanted to talk to me instead. It was beyond my expectations. I feel confident after speaking to him. I added some more today and will add next week before the operational update news. Look at today my buy was reported as sale, more buys than sales and share price is down. Good luck with your investment.
Fredr
Can't sence any reason for placing ATM. It's an option to carry out the full exploration prpgram, they can wait if needed till they add value via sesmic and Bolivia, production etc.That's what I got from the conversation.
There are othe roptions he doesn't seem like a fun of dilution, remember he is a finance guy with a lot of experice in energy transactions.
No worries,
Just forgot to mention- cost of the new transactions they are going for don't have to be necessary paid upfront, there are other ways like delayed payment etc, I asked if they are going for producing assets, he said both producing and prospective assets
I asked wher do you see the share price- he said he doesn;t have a lot of experinec with small cap share prices but provided the production levels and potential, he is surprised to find the price thsi low just because of EMS failure.
Bolivia is also another one to look our soon, he said he will see the share price multiple of this levels for sure.
Any one with questions, I suggete you contact the team directly. I found him very easy to get in touch and very cool person to talk to.
Just has a 30 minute conversation with Martin Hull arranged via Sarah.
I found him to be very honest person. I was tempted to cut my losses but convinced to stay put. He was very cautious but honest with his responses and asked me what my concerns are.
Highlights:
Tapi Aki: He said we don't want him to go for the cheapest drills first just because they're cheaper to drill- funding for first drill is inline with what Fiona said previously, however they will explore innovative options to fund the whole drilling program, farm-in etc, not necessary dilution.
Production: update soon, but inline with expectation- didn't see any reason to worry, seismic fully paid for, will be processed in two separate houses as previously said
Pulling jobs- no change to plan to first quarter work program, 19 wells identified, any change to the plan will be communicated
Exploring new transactions to add value-watch the space !
All in all I take it as a great buying opportunity at these levels. don't invest more than you can afford to loose but do your own research and decide.
If you'd like to speak to Martin or the team, email the team via ECO website. Sarah replied to me with in 48 hrs and call arranged within the same week.
Good luck
"During Q3 2018, the San Martin discovery well (SM x-1001), located on the La Angostura concession, produced a total of 27,623 m3 (173,767 bbls) of 35 API gravity oil (gross). Daily oil production averaged 300 m3 (1,888 bbls) per day (net 155 m3 (974 bbls) per day). Total associated natural gas production during Q3 2018 was 1,592,533 m3 (56,232 mcf) (gross) or an average of 17,310 m3 (611 mcf) of gas per day (gross) (net 8,925 m3 (315 mcf) per day).
Two appraisal wells have been drilled on the San Martin structure. The first well (SM a-1002), located 0.8 km to the south of SM x-1001, was placed on production in August 2018. During the remainder of Q3 2018, daily oil production averaged 2,020 bbls per day (gross). The second well (SM a-1003), located 0.9 km north and west of SM x-1001, which failed to recover any production from the Tobífera during testing, will be fracture stimulated when frac services are available. See the MD&A and the Company’s October 5, 2018 news release “Crown Point Provides Update on Tierra del Fuego Operations” for additional information"
Ours with 500M Tobifera formation can be quite significant compared to the above.
Well done to LTH who haven't sold when this went down to 6p.
This will get back to 18-21P where it belongs awaiting EMS 1001 news which can add a significant value prior to Tapi Aki.
I believe the team know what they have already and were confident that the price would go back to where it belongs hence not commented on share price movement when this went down to ridiculous levels.
The fake drop is done. Tide is turning . EMS-1001, a transformational well fracking to start soon. They know what is in there, just couldn't disclose it due to Argentinian rules. Quick revenue using oil trucks while waiting for a pipeline to be built. What's not to like here. One of the most exciting stocks on AIM, also provides an opportunity for traders & mms to make a killing out of it in the run up of the "renewed operational activity" as stated in the last RNS.
https://stockdigest.info/2018/11/17/hot-stock-in-the-spotlight-echo-energy-plc-lonecho/
I think 1000 bpd plus is achievable from EMS-1001.
They obviously are very cautious and restricted in the wording they can use.
We shall wait and see as It could be a very merry Christmas for us here.
I'm happy with the daily 1-2 % rise. I painfully watched this going down by the same amount everyday for the past few weeks with no reason. It's time that it gets at 15P at least while waiting for news.
"Echo has completed a programme of three workovers and four exploration wells in
the Austral Basin. Testing of the exploration wells is ongoing with results from the
CSo-2001(d) test expected to support a decision for gas development in Fracción
D. Results from EMS-1001 will be closely watched as Echo looks to confirm the
interpretation of a hydrocarbon column of up to 500m, where success could lead to
significant upside in the Tobifera across the assets. A 1,200km2 3D survey will be
carried out from late 2018 across the Tapi Aike licence, where 41 leads have been
identified on 2D and assessed to hold gross mid-case GIIP of 7.7tcf."
ECHO has an exponential potential. As the article states below, I'd worry if Institutional inventors start selling. This has not been the case as they know the company can potentially go to places. It's just PI's not being patient due to lack of news in the past few days.
https://www.proactiveinvestors.co.uk/companies/news/188927/echo-energy-share-trading-set-to-restart-as-argentina-acquisition-advances-188927.html
https://finance.yahoo.com/news/really-owns-echo-energy-plc-090506794.html?guccounter=1
P.s Nice to see my 3rd post in 7 years of holding Sound and 4 months of holding ECHO made a tiny difference to the share price today !!
Nothing has changed interms of potential. I don't post much on these board but enjoy reading other holder's and derampers posts . I hold a substantial number of shares. There is no need to panic in my opinion. Just hold and wait or add if you've extra funds. Any company has a perid of activity and non-activitiy. They can not keep on drilling, they gotta test what they have drilled so far and then move on to the next work program whatever that might be.
When it starts moving, it moves fast. This share a potential of rising back to September levels in a single day of trading. Ofcourse, all in my humble opinion.