Interesting paragraph sentence.I get the impression they are looking at something in Brazil that would help with their ESG responsibilities. I wonder if it is like CVN in Bio Fuels.
"We're currently screening all the sorts of opportunities that we see in Brazil from the perspective of our strategic plans, and we'll be able to say more about it really as we get into the fourth quarter of this year. We see it as a big issue for the planet, and we absolutely will not be left behind in that. We’ll be part of that transition for sure"
Looking at production they have started the 3rd qtr strongly. I see that on the 12th they had a day with nearly 17K production.
I'm not sure that the statement from the article makes sense? How can the floating hose help maintain production?
We've replaced some floating hoses that sit on a big reel on the FPSO. And every time we bring a tanker up to offload, we unreel the floating hose and connect that up to the tanker. It usually gets replaced every five or six years. So that operation just went ahead one or two weeks ago without any incidents. The result of that is that our production has been maintained.
Anyway still good I managed to pick up another 10K parcel for my super fund at 1.29.
KAR Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
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