(Energy Analytics Institute, 21.Oct.2021) — Energy briefs including details of Guyana’s President Irfaan Ali courting investors in the UAE; the repercussions in Caracas from the extradition of Alex Saab to Miami from Capo Verde, and Shell Trinidad and Tobago eyeing finally signing a PSC for development of the 2.7 Tcf Manatee gas field.
LATIN AMERICA AND THE CARIBBEAN
— Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) revealed the 3,500m reverse circulation resource advancement drilling program at its Ivana deposit is now underway with 50 holes totaling 293m completed to date. Additionally, permits have been received to complete the initial drilling program at the Ivana Central target, which is the second tranche of a separate exploration drilling program at the co.’s wholly-owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina, the co. said 21 Oct. 2021 in an official stmt. Further, interpreted analytical results for the first tranche of the wide-spaced shallow exploratory drilling program are reported. The aim of this initial drilling program is to further assess the potential of the Ivana North and Central target areas and to provide vectors to focus subsequent drilling programs.
— Frontera Energy Corp. will release its 3Q:21 results after mkts close on 3 Nov. 2021. A conf. call for investors and analysts will be held on 4 Nov. at 10:30am EST. Participants will include: Chairman of the BOD Gabriel de Alba, CEO Orlando Cabrales, CFO Alejandro Piñeros, and other members of the senior mgmt team. Analysts and investors are invited to participate using the following dial-in #s: Participant number (toll free North America): 1-866-269-4260. Participant number (toll free Colombia): 01-800-518-3328. Participant #(Int’l): 1-647-792-1240. Conf. ID: 9932507. Webcast audio: www.fronteraenergy.ca. A replay of the conf. call will be available until 11:59pm EST on 11 Nov. Encore toll free dial-in #: 1-647-436-0148. Int’l dial-in #: 1-888-203-1112. Encore ID: 9932507.
— GeoPark will report its 3Q:21 financial results on 19 Nov. 2021 after the mkt close. The co. will also host a conf. call on 11 Nov. at 10am EST to discuss the financial results and the work program and investment guidelines for 2022. Interested parties can access the webcast here or listen to the conf. call by dialing the following #s: US: 1 844-200-6205; Int’l: +1-929-526-1599; Passcode: 477606.
— The gov’t of Guyana’s President Irfaan Ali and numerous ministers are visiting Dubai and Abu Dhabi as part of Expo 2020 Dubai and conducting ongoing meetings. “If you are looking for investment opportunities, Guyana is a place on which to be setting your sights,” Guyana’s office of the president announced over Twitter on 20 Oct., citing Ali who added his gov’t. would work on facilitating more investor-friendly polities.
— Guyana plans to restart talks w/ India related to the sell the govt’s share of crude as output rises next yr, the South American nation’s VP told Reuters on 21 Oct.2021
Trinidad and Tobago
— “The news that Shell and the government have reached agreement on the terms of a new Production Sharing Contract (PSC) for Block 6d which is where the Manatee field is located is good news for an embattled Trinidad energy sector which is now seeing natural gas production now at 2004 levels, former Trinidad energy minister Kevin Ramnarine wrote 21 Oct. via LinkedIn. “However it would be useful to know when the PSC will be signed, when the project will realize sanction, and when first gas is expected? Finally, it must always be remembered that Manatee is part of a cross border reservoir system with the Loran side being in Venezuelan waters. Are there risks to developing a natural gas field that is shared with Venezuela?
— The extradition of Alex Saab, the so-called deal maker for the gov’t of Venezuela’s President Nicolas Maduro, from Cape Verde to Miami has set off a chain reaction of events from Mexico City to Caracas. In Mexico City, Saab’s extradition caused Venezuela’s ruling party to skip out on the third round of negotiations with the country’s opposition aimed at resolving an ongoing political crisis. In Caracas, the extradition caused the ruling party there to return the infamous Citgo-6 back to jail from house arrest.
— The BODs of Phx Minerals Inc. (NYSE: PHX) approved a quarterly dividend pmt of $0.01/shr at its 18 Oct. 2021, meeting. The dividend will be payable on 7 Dec. 2021, to shareholders of record on 23 Nov. 2021, Phx said 21 Oct. 2021 in an official stmt.
— Dover recently “completed three highly-complementary bolt-on acquisitions in radio signal intelligence solutions, industrial 3D visualization software and fueling solutions for alternative fuels like LNG and hydrogen,” Dover announced 19 Oct. 2021 in an official stmt, citing Pres. And CEO Richard J. Tobin.
— Pembina Pipeline Corp. (TSX: PPL) (NYSE: PBA) revealed its commitment to reduce its greenhouse gas (GHG) emissions intensity by 30% by 2030, relative to baseline 2019 emissions. The GHG reduction target will help guide business decisions and improve overall emissions intensity performance while increasing Pembina’s long-term value and ensuring Canadian energy is developed and delivered responsibly, the co. said 20 Oct. 2021 in an official stmt.
— Royal Dutch Shell plc named Wael Sawan as Integrated Gas and Renewable and Energy Solutions (R&ES) director and Zoë Yujnovich as upstream director. Both appointments are effective 25 Oct. 2021, the co. said 15 Oct. in an official stmt. Wael, currently Upstream director, will remain a member of the executive committee in his new role. He replaces Maarten Wetselaar, who will depart the co. after 25+ yrs of service, to take over as CEO of Cepsa effective 1 Jan. 2022.
By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.