Member Info for abzzba

BadA, nowt unusual in that, my last buy a couple weeks ago showed as a sell as did a my buy month or two previous.
At some point it will be untampered with.

And after these three wells DOZENS more in the next few months.

Yep, its a fact, shares go up and they go down !!

Quite sure ZIOC know more than they are saying at the moment, no doubt gaining control of the company will be follwed by more news which will propel this upwards, one step at a time, control of the company being the first step.

ranger, i would have to disagree, ECHOs biggest ever news story was the debt for share restructure, this was when you said the share would be wothless if this went ahead, since then we have held well, now we have shed loads of extra production to come and as Bobat says we should hear about the first three wells that do not require rig intervention very soon, and lets not forget the same RNS that told us about those three wells also said the rig upgrades were completed so hopefully the rig is busy on one of the remaining 27 wells.

Not sure anyone expected any huge movement in the sp,
Quite obviously we need to get these 30 wells producing before we start our recovery.

If you believe and can afford to just hold, 1 year, maybe bit more we could so easily be ten times today's price.

If you believe and can afford to just hold, 1 year, maybe bit more we could so easily be ten times today's price.

Tom I, yep nice rise in the October production figures but we really have to wait for the November figures to get the full picture.
By then thses three wells that do not require intervention should be back online and producing
.

Bobat, we should get confirmation of our October production figures soon, Interoil our junior partner
publish monthly figures, should be anyday now.

And remember these 30 intervention wells are being worked on ahead of the previously mentioned tier 1 doc wells.

https://www.lse.co.uk/rns/ECHO/h1-2022-production-and-operational-update-ywdr2mq3ytgnt7i.html
Extract from the above RNS is below.
The plan to bring existing wells in to production under the Enhancement Plan is in addition to, and will come ahead of, previously announced intentions regarding identified portfolios of well workover candidates in respect of Santa Cruz Sur resource/reserves not currently in production.

In other words we still have all the workovers to do after these 30 wells are brought back into production, tier 1 doc link below.
https://www.echoenergyplc.com/media/1532/2022-01-17_balanced_energy_portfolio_web.pdf

Bobat, my thoughts are we will hit 0.535 well within the 12 months walletinvestor suggest.

One of many more to come as we plough through these 30 wells, production up.

Yes i am still here and still +++++++, however if you read my previous posts i did not expect this to rocket, if you read my posts you will remember i said 2023 will be a good year but 2024 will be ECHOs year, only the naive thought this would rocket.
It certainly has not gone down to the 0.19p that you keep predicting.

Certainly plenty news due, increased production due to surface works, workovers etc etc.

Even after the workover, Campo Limite, Monte Aymond, there is an abundance of exploration opportunites within our acreage, hate to use that well worn term but i will, hold for gold.

Agreed, children at play but nasty children.

Hamm, might i say that if what you say is true it could not happen to a better person than you !!!!!!!!, meantime i think i will keep hold of my shares in the certain knowledge they will be worth a lot more "soon".

Chadster, good to know, thanks.

Drule, What do you think all these surface works are for, more production for less expenditure is the reason, i suspect servicing the loans with the 8% interest rate also came into the equation, now the debt is half what it was and the interest rate is now 2% rather than 8%, all this equates to more profit, more profit equals money to spend on projects that add production, something we have not been in a position to do previously.