We would love to hear your thoughts about our site and services, please take our survey here.
Not sure what all the agro is about, nowt changed in the last month other than Velociraptor was a dud and LP approved, Heron completion imminent and probably a few other wells in and around Heron in the short term, happy days, sit back and let them play with the sp, will not be long before this takes off again.
Just my own thought but after the Velociraptor RNS i think MB will want to get good news out ASAP, again my own thought but would not surprise me if it were the coming week, just a waiting game really
Https://oilprice.com/Energy/Crude-Oil/Will-Argentina-Reach-Its-1-Million-Bpd-Oil-Production-Goal.html
They could get MH on the case, he could get production down 500% within weeks.
Https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=3028340
Interoil correction to may production figures.
https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=3018452
Interoil production report link for may .
https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=3018321
Https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=3007779
Interoil April production report released.
https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=3004392
Will wait see what happens with the proposed deal but looking at this I am not keen on putting our eggs in Colombia, too much political unrest.
Below link does not bode well.
https://oilprice.com/Energy/Crude-Oil/The-Death-Of-Fracking-In-Colombia.html
Chadster, I wish you luck, I am not tempted to buy more, my average is such I hope to get 20 or 30 % back one day, but not anyday soon.
Why am I not tempted, because every time you think echo are on the verge of recovery MH releases more bad news another mail in the coffin.
Hopefully the tide will turn one day.
There really needs to be some sort of investigation, MH has continually lied or at best misled us with the numerous fund raises for workovers etc and to date not one work over performed, remember the 30 wels to be brought back online by Xmas, or the three wells that needed no work, joint effort to get this cowboy barred, how do we do it ¿???.
I am on phone, but to keep it short, it stinks, we should never have been in this position, we had so many opportunities and fundraises to pay for them and the money was frittered away, MH is a crook or an idiot or inept, it's simply beyond belief we find ourselves in this position.
That said, let's see what happens in the long term, but with 5.5 billion shares and little oil and gas to sell I think there is little hope for long term shareholders.
Also Interoils take on the Columbia deal seems to differ from our RNS.
Would love to say more but hate using my phone.
Wait see what transpires, I would be happy to get 20 or 30 % back, maybe long term I will.
Interoil have just released news of the proposed purchase.
https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=2994467
Not relevant to echo but no less interesting.
https://oilprice.com/Energy/Energy-General/Could-Argentina-Replicate-Brazils-Offshore-Oil-Boom.html
Interoil released their statement of reserves this morning, it includes their interests in Santa Cruz, see link below.
Interoil also appointed new GM / CFO last week.
https://ml-eu.globenewswire.com/Resource/Download/2525f62d-7f37-486c-b5d3-42afece49ae7