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I guess everyone has their own way of valuing the company, i like to keep it simple, what would we be worth if we did not have any debt ?, from that figure subtract the debt.
From there we can add on what an extra 40% increase in production from the current upgrade works will be valued at plus the value added by the workovers detailed on the tier 1 doc plus Campo Limite and Monte Aymond.
As Kenny Rodgers said, ""You gotta learn to play it right, You've got to know when to hold 'em"", so i will be holding for a couple of years yet.
goza, Prime day is not far away, you might grab yourself a bargain at below link !!!!!!!!!!.
https://www.amazon.co.uk/Arithmetic-Teach-Yourself-L-C-Pascoe/dp/034024285X
Andina Plc appear to have a strong Argentine influence according to .gov
https://find-and-update.company-information.service.gov.uk/company/08095058/officers
Question is will we get agreement first time round from the noteholders, last time it went to a 2nd vote because not enough noteholders bothered voting. Seem to remember the second vote sealed the deal with 84 per cent. of votes cast in favour of the Proposals
Drule, i did not think i was being upbeat, i am just giving my honest opinion of where we should be this year and next year ****ASSUMING**** the company achieves what it has set out and said it will do.
Lost count of the amount of newbies that have asked why our m/cap is 3 or 4 million, reason is quite obviously, the debt, take that (or at least 15 million of it) out of the equation it revalues the share, agreed there will be several billion new shares but do a few quick calcs yourself.
If we reach the end of the year with little progress on these 30 wells they have said they will open then no doubt my thoughts will change.
And i forgot to mention Campo Limite, Mote Aymond and the numerous new well exploration opportunities identified by Santa Cruz previous operators Phoenix Global Resources in the previous post. New week, will we hear news !!!!!.
Previous post below.
Last years were results were as expected, fact is Argentina was still in lockdown in the early part of 2021 then in April, May and June we were upgrading a water pipeline, this resulted in a production loss during these months (ref RNS: 21st June 21).
Also our 2021 gas price contract never kicked in until May 21 so we had only 7 months at last years higher gas prices.
This years figures should be a lot better, we get at least half our oil from Campo Molino wells, these were only re-opened in August and October last year (ref RNS: 26th August 21 and 5th Oct 21), so this year we will have a full 12 months production to count from Campo Molino.
Add to that the 53% increase in gas production from Oceano wells (ref RNS: 30th May 22), we also need to remember we have a new higher gas price contract that kicked in May 22, to summarise for 2022 we have way more production and higher gas and oil prices, rough estimate for this years turn over would be 15 million plus.
Currently we are opening up 30 wells though I think the likely hood of all these being open by year end is a big ask but some will be opened and adding to this years production figures. ECHO expect a 40% increase in production once all 30 wells are re-opened, this bodes well for next year and 2023 turn over should easily exceed 20 million and we still have the tier 1 doc workovers to get our teeth into over and above this, 2023 will be our year.
I realise many are real pixxed off with the company and its failure to deliver but this bond / debt re-structure will have a huge impact as it will give us cash flow and working capital, yes it means billions of shares but shares in a company with increasing production and manageable debt that has been extended to 2032.
util, my only frustration on this site is they allow scum non investors to use it and those scum non investors keep up a constant barrage of lies and half truths.
Would be real interested if you can post a link to any of my posts where i have praised management, think you will struggle with that, as for sucking upto them i simply post our current situation (truthfully) as i see it at the time.
ranger, think your somewhat confused, yes i remember the motor but it had nowt to do with the compressor, may i ask you a question, actually two questions, Q1: how many compressors do ECHO have in the field. Q2: how many compressors did ECHO buy ?.
If you cannot answer Q1 then you have no idea if its the bought compressors that had problems.
ranger, are you sure you can read, it says they are replacing the compressors gas fuelled engine with an electrical one, you might remember a previous RNS that said we were changing over to gas generators to supply the electricity, no where does it say the compressor has broken down, just for you i will make it REAL SIMPLE, due to the generators now being insitu we can now use electric to power the compressor.
If you guys tried reading you would see the decrease is explained quite clearly.
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In Argentina, a slight decrease in production rate was recorded in the Santa Cruz fields where the Oceano Field accounted for most of it. This is due to an ongoing gas compressor enhancement project which involves replacing its gas fuelled engine with an electrical one, and which means that Interoil will benefit from connecting to a new power generation unit already working in the Oceano Field. This field work is expected to last to the last week of September.
-----------------------------
https://www.interoil.no/?page_id=13&year=2022&PressReleaseID=2830995
Last years were results were as expected, fact is Argentina was still in lockdown in the early part of 2021 then in April, May and June we were upgrading a water pipeline, this resulted in a production loss during these months (ref RNS: 21st June 21).
Also our 2021 gas price contract never kicked in until May 21 so we had only 7 months at last years higher gas prices.
This years figures should be a lot better, we get at least half our oil from Campo Molino wells, these were only re-opened in August and October last year (ref RNS: 26th August 21 and 5th Oct 21), so this year we will have a full 12 months production to count from Campo Molino.
Add to that the 53% increase in gas production from Oceano wells (ref RNS: 30th May 22), we also need to remember we have a new higher gas price contract that kicked in May 22, to summarise for 2022 we have way more production and higher gas and oil prices, rough estimate for this years turn over would be 15 million plus.
Currently we are opening up 30 wells though I think the likely hood of all these being open by year end is a big ask but some will be opened and adding to this years production figures. ECHO expect a 40% increase in production once all 30 wells are re-opened, this bodes well for next year and 2023 turn over should easily exceed 20 million and we still have the tier 1 doc workovers to get our teeth into over and above this, 2023 will be our year.
I realise many are real pixxed off with the company and its failure to deliver but this bond / debt re-structure will have a huge impact as it will give us cash flow and working capital, yes it means billions of shares but shares in a company with increasing production and manageable debt that has been extended to 2032.