Member Info for abzzba

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

Interoil tell us the production decrease is due to strikes, Echo tells us different, so who is lying , why are echo board so obviously against increasing production, remember the 30 intervention wells due by last year end, what happened to them, remember the 3 wells that were brought back to production with no work, what happened to them.

Interpol production report for March,

https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=2975225

Yawn !!

the loss is to write off capital gains, so not all bad.

Just sold 1.25 million at large loss, very happy !!

tombi1, agree 100%, we have so many prospects, interventions / workovers, CL completion, Monte Aymond and a huge untouched and unexplored acreage, we "need" to increase production.

Interoil production report for February. See link below.
https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=2951399

Tend to agree, get the turbulence from these 4 billion shares out of the way, increase production and we will be be a 50 million mcp company at 1p per share.
No point looking back here on a daily basis, come back in 12 or 16 months.

peterdonovan, great find, thanks.
Be patient

drule, given the tone of my e mail to him i did not expect and have not received a reply.

Thanks for the concern but i can assure you the great covid con never affected me, or anyone i know, all very strange.
You may remember i previously stated i expected some "turbulence" in the sp, i also stated i doubt we will see anything worthwhile until 2024.
To wind up i sent a rather curt e mail to MH last week reminding him of the workovers, fund raises and the 30 intervention wells we were promised would be brought into production before year end 2022.
Will keep looking back from time to time but have other more interesting prospects at this time, still think 2024 will see a rebound of epic proportions.

Wrong share, you need to pop over to Hartleys.

JoeC, sure you will not be alone in wishing you had bought more at current prices, as i keep saying its not a quick result we need its the end result that counts.

Joe, the second link mentions Interoil becoming the operator, i know they applied for that in 2020, i assume this means they will take over from Selva Maria which i think will be good news, good to have an operator that has money in the venture rather than Selva, hopefully we see a transformation with Interoil at the sharp end.

Interoil our junior partner have just released January production figures plus other news, see links below.

https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=2930501

https://www.interoil.no/?page_id=13&year=2023&PressReleaseID=2930503