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Again Wizard I have to agree with you.
Trellis has been unfortunate in Sound, Echo & Coro. Yet he tried to find solace in founding SAG which has been as much use to Sound as Fiona’s Claim to bring a successful CEO.
I have had many of a conversation with MH and have been impressed with how he talks about echo and the plan In place to secure the future of the company.
My original average was 14p yet I decided to do something about it as I could see echo turning a corner.
Unlike Trellis I average down rather than moan on here all the time and now sit at 2.2 which I’m feeling very confident on.
Rather than moan about echo let’s give it a chance!
MH took over from Fiona and in my view has done a great job to secure echo as we could have sunk and we’d have all been screwed.
Let’s see what the workovers finally produce, PA bcf content and western TA drills.
As for Trellis, you need to seriously evaluate if echo is the share for you? If you have no confidence then sell up and move on.
I like others bought into Ms MacAuley's rampastic drivel!! Dr Bessa was NO better.
Lesson learned.
Some may have sold up, others hung on with what they have and there are those like me who believe Martin seeks to radically improve the situation at Echo. I have spoken to him a number of times and I am convinced. Along the way, I have bought a shedful of shares over the last 4 months to bring my breakeven within easy touching distance.
trellis35, have you EVER taken the time to speak to Martin Hull, to take on board quite what he wants to do?
Some on here have had fanciful notions about Bolivia, some spouting drivel about the Eastern Tapi Aike well - they have never worked in an oilfield or done the most basic physics or chemistry or geology courses,from what they say it is patently obvious. Others ramp away, with predictions based on morning mist, and yet some buy into their idiocy forgetting the last failed one or the one before that!??!
But you mystify me; you keep on coming back, time after time with the same message.
We have heard you, we all know what you think!!
Maybe, this fine Sunday you might have quaffed more Rioja than is good for you.
I do not bother until 9.00 p.m. and avoid oaken Spanish wines, as have never enjoyed chewing a plank.
Ce Soir, Domaine bottled Crozes 2015 by Les Alexandrins with a decent steak.
Might I suggest that before revisiting this board, you examine your motivation.
Western Tapi Aike has a good chance of recovering the wanton damage, Fiona did here.
Our Palermo Aike well, might well provide some much required income.
As will the ongoing workover well program.
We have reasonable prices for our oil and gas locked in.
You Sir, are going round in circles and I fear for you!!
Best go for a lie down!!
WT
You are obviously a bitter person who has lost money on this investment. Shame you cannot relax and enjoy life rather than constantly having a bitter taste in your mouth. Life is too short to continually moan.
Strong! Sorry Martin!
"Of this portfolio of potential projects, four initial opportunities (consisting of 3 well workovers to bring associated PDNP 1P reserves into production and one project targeting 2P reserves) are estimated to be capable of adding expected combined additional production of up to 4.8 MMscf/d of gas and 84 bopd (total combined additional production potential of 884 boepd). These 4 initial opportunities offer a combined estimated value of approximately US $9 million in NPV10 uplift based on an aggregate gross cost of approximately US $1 million and fast payback periods of between two to six months. This uplift potential assumes a realised sales price of US $32/bbl and a gas price of US $3.5/mmbtu"
I think we will be hearing news sooner rather than later on these 4 wells! Also to note our oil and gas price is now higher than quoted. With these 4 successful wells we will be at approx 3000 boepd! The ducks are lining up. If PA is a good discovery in terms of volumes and flow rates then I see a quick 10 bagger from here to £50 mill market cap. Then more production increases and a TA monster waiting to be unleashed. We deserve some luck now along with the string leadership of MH.
Maybe some recent Sound profits coming over here?