OK. Maybe ‘smiling’ is too much to ask of a CFO; scowling and grimacing less perhaps. Prices are up; costs are stable; netback is up. What more could a CFO ask for? OK. Maybe even higher prices. More on that later.
Flights to Buenos Aires are busier lately and the reasons have little to do with soccer, tango or media-lunas. So our readers can understand this phenomenon better, we have a two overview articles.
To accompany Part 1 of our series on the Argentine hydrocarbons industry, we have a number of graphs that will illustrate some of the points.
Total incidents near oil and gas infrastructure were up sharply last month (from 22 to 32) but that was mostly due to Armed Forces activity.
Luz Stella Murgas had senior leadership responsibilities in the ANH during the critical period when oil prices started to slide. As such she was involved in many of the initiatives designed to mitigate the impact of the disminution of exploratory activities, production and reserves.
Last December we played ‘Casandra’ and warned not to get too excited by the boost that Brent (and to a less extent WTI) received from an OPEC agreement to reduce production.
I do not know about you but the announcement of March production results depressed me. Even though we knew that March had to be a bad month, it depressed me because it added to a number of other indicators that suggested the Colombia industry was going through a bad period.
We know it is already 2Q17 but the ANH only just released detailed production results for 4Q16. This database allows us to go ‘beyond the topline’ and see detailed trends.
For weeks now, the Casanare press have been bubbling over Gran Tierra (TSX:GTE) and a block called El Portón.
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