Echo has announced that the 3D survey on the Eastern cube at Tapi Aike has been completed safely over 414km², initial indications suggest good quality data. The kit will now be moved to the western cube where there are 790km² to be worked on.
In addition the company has announced that they are using the results from the stimulation of EMS-1001 to refine a stimulation design for ECM-1004.
It has been announced that the Senegal JV has awarded the FEED contract for the phase 1 FPSO to MODEC. The FID is still on track for mid-2019 which bodes well for timely production. Far is still significantly undervalued as despite the failure of the well in The Gambia, the last time I heard major frontier basins weren’t written off by one well.
Paul Haywood, Chief Executive Officer of Block Energy (BLOE) joined Vox Markets for a Q&A session. He discusses the progression being made at West Rustavi, what success at West Rustavi will look like, as well as the huge potential of the natural gas within its license.
SP Angel daily look at commodities and miners, featuring: Amur Minerals* (AMC LN) – Convertible loan update Arkle Resources* PLC (ARK LN) – Name change to Arkle Resources PLC Formerly Connemara Mining* (CON LN) Cora Gold* (CORA LN) – Sanankoro development roadmap Mkango Resources* (MKA LN) – Talaxis investment condition met with release of Technical Report Scotgold Resources* (SGZ LN) BUY – Target Price 57p – Interims
Five financial stories, trending today in a 70 second podcast, including: EU leaders have offered to delay Brexit until 22 May if MPs approve Mrs May's deal next week. If they do not approve it, the delay will be shorter - until 12 April - at which point the UK must set out its next steps or leave without a deal.
On today's podcast: Ncondezi Energy update on their JDA. Block Energy discuss their 16a well after significant hydrocarbon shows. Diaceutics talk about their business on the first day of listing on AIM. Chris Bailey on Ted Baker, Asos, IG Group & Persimmon.
SP Angel daily look at commodities and miners, featuring: Base Resources* (BSE LN) – Base claims Toliara as world class resource Keras Resources* (KRS LN) BUY, Target price 1.04p – Calidus update Click for our last full note on Keras Talga Resources* (TLG AU) – outstanding performance in freezing temperatures
Malcy's Blog looks at CORO/OPHR, SAVP, AMER, GENL and AEX