Member Info for abzzba

And you are correct, buying outright would be the best option but i think most with a brain realise ECHO are not cash rich.
Maybe with your years of experience you can tell us the purchase cost of the 3 generators that are being installed. We have one 1,375 (KVA) capacity and two with 375 KVA capacity.

ranger, indeed its a pain these companies want us to pay for the generators, maybe you can advise where we can get them for free.

Brief summary.

30th May RNS: After infrastructure upgrade we achieved an increase of 53% in daily gas production at the Oceano field.

The 7th July enhancement upgrade RNS lays out similar works to the remaining fields plus the opening up of 30 wells that have been shut in for a number of years, no doubt pressure build up will have helped replenish these reservoirs, ECHO estimate these works should increase production by around 40%, these works are due to be completed by year end though we should hear news before then as each stage completes.

The above does not include the workovers mentioned in the Tier 1 doc available to view at the following link.

https://www.echoenergyplc.com/media/1532/2022-01-17_balanced_energy_portfolio_web.pdf

No doubt the resident derampers will jump on this and there is not a lot we can do about that, all i will say is, it will be the genuine investors that will have the last laugh as they continue with their sad little lives while we enjoy our profits and just rewards for believing in the company.

that was a quick 49 million

Upgrades are still a few months from being completed, the RNS said end of the year to complete infrastructure and re-open these 30 wells.
Huge trade bodes well, guess its wait and see however it under 4% of issued shares so no TR1 required (i think)

guys (& gals) we are getting there, it won`t be long now !!!, one less day to wait.

guys (& gals) we are getting there, it won`t be long now !!!,

additional info much appreciated

ranger, the RNS told us these would be gas powered generators.

New tweet (dont get excited, just a photo of generator being installed). however it keeps us updated, lets hope these updates continue.

ranger, may i suggest a strong deodorant.

guys (& gals) we are getting there, it won`t be long now !!!,

In much simpler terms, given the opportunities ECHO have by way of upgrading old infrastructure, opening 30 closed in wells in the next 6 months, performing workovers ref tier 1 doc on their website, opening up Monte Aymond, completing Campo Limite etc etc, i am quite willing to wait another year or two if thats what it takes.

downorup, once our enhancement plan is completed (6 months according to RNS) we should be jumping on these long awaited workovers, i think sp of over 1.1p or more very very possible.

Lets hope updates throughout this year continue, seems ranger looks a bit silly and wrong again, he says there will be no RNSs from ECHO and next day we get an RNS,

https://www.interoil.no/?page_id=13&year=2022&PressReleaseID=2793601

JONNYFUNK, ECHO have two licences in Bolivia, one of these was straddled by Shell and Repsol licences, both Shell and Repsol drilled their respective licences / wells 2018 / 2019 ish and while Shell found gas it was not commercial, i seem to remember both the Repsol and Shell wells were named BOYUY X-1 and each well reached deepths of near 6000 m, took over a year to drill and cost around $130,000,000 to drill, so that ECHO licence situated between these is probably worth nothing (but who knows for sure).
Our second licence is in Tarija basin which has had some huge gas finds, as it stands "undrilled" i doubt the licence itself is worth a lot but if we found a partner and it was drilled and found commercial then yes we could probably sell our stake and pay off all our debt and have cash left over, question is would we want to sell our stake, depends on whats found, how long is a piece of string.
Should say i am working from memory but pretty sure the above is reasonably accurate summary.

NY, ditto,

Are we approaching the final buying opportunity ?.

To include opening up 30 wells that have been shut in for years, during those years reservoir pressure will have built up and we may well get an unexpected bonus of more oil than we thought, oh happy days !!!!!!!.