(Energy Analytics Institute, 16.Mar.2022) — Energy briefs including Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) receiving TSX Venture Exchange approval of a definitive agreement with vendors; and Washington continuing to evaluate easing sanctions on Venezuela that could allow Chevron and other cos. to take control of their ops from production to exports in an effort to boost global oil supplies, sources tell Energy Analytics Institute (EAI).
LATIN AMERICA AND THE CARIBBEAN
Argentina
— Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) said further to its releases on 28 Sep. 2021 and 14 Oct. 2021, that it has received TSX Venture Exchange (TSXV) approval of a definitive agreement w/ vendors, the co. announced 16 Mar. 2022 in an official stmt. The terms of the agreement remain the same as were disclosed on 28 Sep. 2021. For added clarity, any future share issuances will be issued at a deemed price per share equal to the greater of a volume-weighted average price calculation and CDN$0.218/shr.
Mexico
— GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announced results of 5 drill holes at El Favor East within Los Ricos North. Notably, hole LRGF-21-113 intersected 0.9m of 1,695 g/t silver equivalent (“AgEq”) contained within 45.5m of 136 g/t AgEq. These drill holes represent data that is post resource cut-off date and will form part of a future resource update, the co. said 16 Mar. 2022 in an official stmt. The drill program at El Favor East is primarily focused on expansion of the resources with up-dip and down-dip drilling in addition to strike expansion on the zone towards the east.
Venezuela
— Washington continues to evaluate easing sanctions on Venezuela that could allow Chevron and other cos. to take control of their ops from production to exports in an effort to boost global oil supplies, sources tell Energy Analytics Institute (EAI). Washington is also pondering allowing the restart of oil-for-fuel swaps which benefit Reliance, Eni and Repsol. But, changes will likely not come until Venezuela’s President Nicolas Maduro agrees to the restart of negotiations in Mexico City between his ruling party and the country’s opposition. Even then, the US is also looking for the release of more political prisoners and other guarantees w/ an eye some day on achieving “free and fair’ elections.
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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.
