Member Info for abzzba

We certainly seem to have increased liquids and gas production in the last quarter which is good news but still room for a big improvement,

RIP utility.

should be, 3rd quarter update RNS was 11th October.

I guess a share buy back might be on the cards but not for a year or two, they really need to reduce the debt we still have and more importantly get some / a lot of working capital in the bank, we are not short on opportunities or projects, we are short of cash to put these in motion,

Jeb, agreed the RNS states 2.43% holding, question is why does this give them a seat on the board, think there is more to come from Andina.

nice find

Happy New Year fellow ECHO investors. All the best for 2023. Let's hope this is the year we start to turn this company around.

Just an example of how this share can take off and thats without news, just wait till we get that news we are waiting on.

I assume folk are aware that Andina are in the production and distribution of electricity market and though registered in the UK the board have a distinct Argentinian flavour.

Sure everyone has heard of "the calm before the storm", well this is the opposite, its the the storm before the calm, i imagine anyone buying at these prices would be in for a very reasonable profit.

*#&#Bish##~Bash !#!# OUCH !!!!.
BadA, quite simply i see what the company is doing, with very limited cash resources they are turning our 40 year old well shod Santa Cruz fields into a much healthier and more productive operation by upgrading the surface infrastructure, now thats done its onto intervention and workover works resulting in more production which our surface infrastructure can now cope with.
No doubt if we had pots of cash this would have been done in a fraction of the time, unfortunaley we dont have pots of cash and its taken a long time.
in answer to your question i am not Parsons and i am not paid by ECHO, i am simply an investor that would like to get his money back, i will be more than happy if i can get to that point and i am quite willing to wait.

Chadster, third law states for every action there is an equal and opposite reaction, meantime i do wonder if we might get a xmas RNS, a cup of good cheer.

Sounds like the natives are getting restless again, oh dear !!!. Come back 2024

I think most investors realised that introducing 4 billion shares would create a bit of turbulence, i expect this to last for a while before we stabilize and get back in the driving seat with re-opened and worked over wells resulting in higher production, this turbulence is nowt to worry about, it was expected, if anything its an opportunity to load up.

halfwit only held £17 of shares and that included the trading fee, at the time he said it "allowed" him to comment on the company, halfwit logic.

ranger, my apologies for not enhancing on my below post but i have always found it difficult conversing with halfwits.

We hear a few posters telling us this is a lifestyle company, utter rubbish, MH bought Santa Cruz late 2019, SC was at the time a group of 5 oilfields all mature and run down, months after the SC purchase Covid hit the world, like most oil companies we had to throttle back production, like many oil companies we ran into financial difficulties, debts to pay and less oil and gas wanted by the market, since the Argentine opened its borders early in 2021 we have been in a constant state of upgrading the surface equipment in Santa Cruz, these surface works are a must if we intend increasing production, we are at the end of these surface upgrades and now entering the exciting part where we bring back into production 30 previously shut in wells, then we have numerous wells that require workover, followed by Campo Limite which was put on hold April 2020 due to covid and no doubt the financial constraints Covid brought with it.
The recent debt for equity deal, debts due 2032 and decreased interest rate does mean several billion more shares but it also means we have cash to spare on increasing production.
We are building a new company with a new future, seems its taking too long for some investors and some posters that are not invested.
My thoughts are that by 2024 we will be approaching 50 million a year turnover, happy to wait and in for the end result, seems others want a quick result but that will not happen.

Excellent news, now we have control its onto stage 2.

Drule, i put the link up so that people can read it for themselves.

Interoil our junior partner have just released the production figures for November.
Link below.
https://www.interoil.no/?page_id=13&year=2022&PressReleaseID=2896802