Member Info for abzzba

Plus the cash accruing from the increased production will mean we can afford to complete Campo Limite and bring Monte Aymond back into production, there should ne no issues with that now our debt level is halved plus the interest rate is now only 2%, waiting game now that our finances are sorted out.

mohamnx18, but not quite as big a joke as you and a few others on here !!!

As expected, virtually all shareholders that voted said a big YES

Probably a wise move, i may be tempted to add more shares but will wait see what happens, i am here for the end result not a quick result.

Seems we are doomed according to the last half dozen posts, if they are trying this hard to discourage investors then we are probably due a rise in sp, think i will keep holding meantime.

No, oil & gas.

The institutions have two options, sell at a loss and if they do that they force the sp down meaning an even bigger loss for them or they work with ECHO to help the company grow and help the sp higher and they sell for a profit, lets take a moment to think which is the best option for them.

tombi, thanks.
https://uk.finance.yahoo.com/news/57-ownership-echo-energy-plc-091653617.html

Yesterday i used the word turbulence to describe the share movements at this time, with all these shares being issued there will be "turbulence" but given time that will calm down and we will be back on track, add a whole heap of extra production, less debt and money in the bank to jump onto projects and off we go again, just a waiting game, maybe too much so for some but not for me, patience required.

I would be more than happy if it landed in the middle, 3p.
Think most realised there would be a bit of turbulance but lets face it we will get through this and out the other side, right now LO are only hurting their noteholders, or it may be noteholders that did not agree with the restructure that are selling.
Fact is there we owe half the debt we did a few weeks ago and that debt is nor due until 2032 and the interest rate is down from 8% to 2%.
Add the fact there is loads more production to come.
Let the moneymen play, at some point we will take off.

Nope, no big deal as long as there are buyers and you might remember my thoughts i posted on here, 2024 !!!

So LO have reduced their holding by 1.27% circa 25 million shares.

jonesr, nice find.
Looks like another high volume day, 12,500,000 traded so far.

ranger, in July you said it would be .19 by end of the month = WRONG.
Last week on the 7th you said we would be worth half as much after the bond restructure = WRONG again.
So lets see if we are back at 0.25p in a week or will it be a hattrick of WRONGs

I would agree the biggest hurdle has been removed but lets not forget this is just the first day of our new start, from little acorns and all that guff. still plenty of good news to come.

Debt we have remaining pushed back to 2032, interest rate reduced to 2%, increased production means more free cash to get on with workovers, completion of Campo Limite, bringing Monte Aymond back to production, these works mean more production, more cash, self generating exercise and with the reduced debt and reduced interest rate we free the company of the debt noose that has been around our neck for the last few years, onwards and upwards.

Ronger, the company have quite clearly stated in several RNSs they intend opening up 30 wells and those wells will require workover or remedial works of some sort, to try and include the current surface works with those 30 wells is at best misleading.
Surface works are nearing completion, now we have increased production from these 30 wells still to come.

Contrary to Utils post we have not started the workovers yet. And as bobbbyr states he fails to understand Interoils September report, so many halfwits (and thats being kind) posting.

Lets hope for a positive move once the vote is completed, meantime Interoil production report has been released, see link below.
https://www.interoil.no/?page_id=13&year=2022&PressReleaseID=2851644

Move on and UP !!