NRGBriefs: Mexicans Back a Recall Election Vote; Neuquén Officials on Houston Roadshow

(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President Andrés Manuel López Obrador to stay in office; Argentina is looking to significantly boost oil and gas production by 2030, Argentina’s governor of Neuquén Province Omar Gutiérrez telling investors about plans to significantly boost production by 2030 during a visit to Houston, Texas; GeoPark‘s 1Q:22 conference call discussing financial results; and questions arising about Citgo Petroleum Corporation Chairman Luis Giusti as his name no longer appears on the company’s website.

LATIN AMERICA AND THE CARIBBEAN

Argentina

— Argentina is looking to significantly boost oil and gas production by 2030 in the region home to the Vaca Muerta formation, Neuquén Governor Omar Gutiérrez told investors during a visit to Houston, Texas on 11 Apr. 2022. The plan includes tripling oil production and doubling gas production, the official said 11 Apr. 2022 on Twitter after an event hosted and organized by IAPG Houston.

— The governor of Neuquén Province Omar Gutiérrez and the head of the province’s Ministry of Energy and Natural Resources Alejandro Monteiro visited Exxon’s campus in Houston to conduct “important meetings with its directors,” the governor said 11 Apr. 2022 on Twitter. “We were able to discuss work [issues related to] reducing emissions and sustainability, with the aim of preserving and caring for the environment,” Gutiérrez said. The two Argentine officials also visited NASA during the trip to Houston.

Colombia

Canacol Energy expects to spud the Pola-1 exploration well in the 3Q:22. The well it will take ~5-mths to drill, complete, and test. Pola-1 will be the first well targeting the “new deep conventional Cretaceous La Luna gas play, testing the first of 18 prospects and leads that were included in the evaluation that underpinned those prospective resource estimates,” Canacol announced 11 Apr. 2022 in an official stmt.  

RELATED STORY Canacol Energy’s Pola 1 Exploration Well Targeting 470 BCF of Gross Mean Risked Conventional Gas Resource in 3Q:22

GeoPark will report its 1Q:22 financial results on Wed. 11 May 2022, after the mkt close. GeoPark mgmt will also host a conf. call on 12 May at 10am (Eastern Daylight Time) to discuss the results. Participants can access the webcast at www.geo-park.com, or by using the following link. US participants can join by dialing 844-200-6205 while int’l participants can join by dialing +1 929-526-1599. The passcode is 970790.

Mexico

— Mexico’s legislature is expected to vote this wk on electricity sector reform.

— Approximately 90% of Mexican citizens that voted on Sunday 10 Apr. 2022 backed a recall election that would allow President Andrés Manuel López Obrador to stay in power, according to details revealed by the head of state.

NORTH AMERICA

Canada

SSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) will reveal its 1Q:22 results on Tue. 3 May 2022 before mkts open. The co. will also hold a conf. call at 5pm EDT. Listeners can dial in toll-free at +1 (800) 319-4610 (in US/Canada) and +1 (604) 638-5340 (all other callers). Details of the webcast can be found here: http://ir.ssrmining.com/investors/events

US

— Colombian officials including President Iván Duque, Mines and Energy Minister Diego Mesa Puyo, and Finance and Public Credit Minister José Manuel Restrepo Abondano visited the New York Stock Exchange (NYSE) in New York City to launch the South American country’s green taxonomy.

RELATED STORY: Colombia Launches Green Taxonomy at NYSE

— The name of Luis Giusti Lugo (Jr.) — who was elected Chairman of the Citgo Petroleum Corp. BODs in late 2021 — no longer appears on Citgo’s website, raising questions about his continuation w/ the Houston-based refiner.

RELATED STORY: Citgo Reports 3Q:21 Results

enCore Energy Corp. (TSXV: EU), (OTCQB: ENCUF) revealed positive results from its on-going uranium delineation and exploration drill programs at its 100% owned Rosita South project, the co. announced 11 Apr. 2022 in an official stmt. The Rosita South project is adjacent to enCore’s licensed past-producing Rosita In-Situ Recovery (ISR) Uranium Processing Plant (Rosita Plant), Texas. Rosita South provides one of the most optimal source of future feed for the Rosita Plant. enCore has recently added a 3rd drill rig with 2 additional rigs expected to begin in the near term.

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.