Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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proof; number of trades is 47 if you see a massive surge in number of trades with this small trades you may start to ask the question who has benefit to do it?
nothing sinister behind these small trades. They may just result from luck of liquidity in trades.
I have an experience with hundreds of small trade in a single day. That was with kod and RF finance. They used to walk sp down to convert part of their loan to shares then walk it up to sell at double the price using hundreds of small trades to influence trades through the graphs. They managed to do it time and time again till they are done.
Today is the first time i noticed these small trades with ECHO however i see it on other shares as well.
Never seen so many small trades in a share for £1, £2 , £3, etc
Falling below a penny looks on the cards imo
ranger, you are wrong just by posting on this bb. You are not adding a thing here. Just disappear and stop this drivel.
This is the guy that's blocked me? but carries on regardless.
The difference is If I'm wrong I'll say so unlike most in here and please don't think I have a personal vendetta against one person. he quotes an RNS about a new pipeline but there is no RNS that says so. He may know a hell of a lot more than I which I don't think is in the same thinking than I. my thoughts and this is the difference I don't say that echo is installing a new pipeline or manifold and quote its in a RNS because there isn't one that says that. My feeling is that given the monies quoted and the words used in the RNS there is no such new 20 odd km pipeline and indeed no mention of a manifold. Just as there is no mention of any pigging operations.
very very few that post in here that have real hands on experience of doing the works or pricing the the works that are being or will being undertaken. someone that checks the thickness off valves seals hasn't a clue of what the valve is used for.
Carry on slating I've all the time in the world
Crypto, thanks for your (and others) support though ranger is no longer an irritant as I filtered him, he brings nothing positive to the board and his sole purpose seems to be to cause discord and cast doubt on anything ECHO do or say, I am sure there would be a name for his behaviour but you would need to ask a psychiatrist.
Ref the pipeline upgrade and replacement RNS dated 24th Feb, my final thoughts on this below.
What we know as per the RNS.
23km of pipeline serving wells in Chorillos, Campo Molino and Cerro Convento fields, the RNS states 10 individual upgrade projects have been identified, by that we can assume it’s the pipelines (flowlines) that run from ten wells in the fields above to the manifold, from the manifold the oil and gas would be transferred into a gathering pipeline for transportation and processing.
It may well be that the 10 pipelines (flowlines) only are being replaced, its quite possible the manifold might need remedial works only. As for the pipelines these are nothing special, they could even be flexible hose around 4.5" OD but I suspect it will be 4.5” tubing as there will be copious amounts of that stacked in pipe yards and that would be the cheapest option, what we do know is they have been shut in or choked back due to this pandemic, if so the insitu lines will be gummed up and if they are as “mature” as the fields they serve they are probably due replacement, given ECHO want to bring back onstream these shut in wells and add to production by means of the workovers it seems like money well spent.
These are onshore and will be a basic single pipe type of system.
A basic and brief description of well production pipeline / flowlines can be found at the below link first few paragraphs.
https://www.ipieca.org/resources/energy-efficiency-solutions/units-and-plants-practices/flowlines/
Ranger stop your pathetic spat with abzzba it pretty clear he knows a hell of a lot more than you whind your neck in mate
never taking the lead always waiting on others (partners).
But it;s a very busy time fore Echo's 15 personnel. our head of supply has ordered 4 new mugs as well as a manifold for our new abzzab pipeline
Phoenix Global Resources said it had completed the sale of a 70% non-operated working interest in the Santa Cruz Sur assets in Argentina to Echo Energy in November 2019, therefore I don't think it will effect the current share price, however during the Q & A's last month. 'Q6: What else should investors look out for from Echo Energy over the coming weeks?
A6: The first thing, we’re now going to implement the pipeline project, bring on stream that additional production and continue to accelerate the production enhancements for all of those identified upsides that we talked about.
The timing of the testing of the Campo Limite exploration well is something that we’re discussing with our partners and it remains a clear potential upside for us. In addition to the work in Santa Cruz Sur, we’re also continuing our discussions with our partners in Bolivia.
We remain very much of the view that there are exciting opportunities for profitable growth across the energy spectrum including renewables, that’s across Latin America, we’re starting in Bolivia but it’s across Latin America, and we believe we’ve got the right platform to be very well placed to take advantage of that. Those are things that we are looking forward to working on.
As we talked about at the start, the ongoing bond process is coming towards a conclusion, important meetings taking place in March and we’ll be making announcements around that.
So, it’s a very busy time, I think it really is a very exciting time for the company and all its stakeholders.' There is a plenty of potential at moment for Echo Energy and Martin Hull seems excited about the potential which is good for me.
Just read it properly and seen the dates..ignore my last comment!
With regard to the new shares of Echo, they say they will be issued at 2.95p..will that have any effect on the current share price?
Phoenix Global Resources plc have a finger in the pie.
https://www.phoenixglobalresources.com/investor-relations/regulatory-news/
https://polaris.brighterir.com/public/phoenix_global_resources/news/rns/story/rg0pejx
Interoil will want to test clix well asap after acquiring from roche , so not just echo chomping at the drill bit .
gla
The Campo Límite structure is one of the exploration projects that was ongoing at the time of the Acquisition as the previous operator, Roch S.A., had spudded the Cli-x1001 exploration well prior to closing the Acquisition. Henceforth, Interoil had to continue with the drilling program. This well has encountered one interesting potential interval in the Springhill and two in the Tobifera formation, and therefore the well has been cased and Interoil is defining the completion program to evaluate those intervals in due course.
Bed time reading, starting page 58 section 6.10.3
https://www.interoil.no/wp-content/uploads/2020/08/Prospectus-26-August-2020-Interoil-Exploration-and-Production-ASA.pdf
Changed recommendation to BUY today.
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ECHO.L