Member Info for abzzba

lancs, do not get drawn in by this parasite, it is exactly what he wants, he revels in confrontation, best to walk on past as you would dog mess on the pavement, we are on this board as we are invested in ECHO, this low life is on the board to cause trouble, i think a psychologist could probably give it a name.

Now we know how ECHO intend to proceed, timline as well, lets hope they get on and get these works carried out asap, we have heard many positives before but i do feel this time might just be different due to Interoil singing the same tune.
We will know soon enough, by the end of the year all these upgrades should be completed and the shut in wells re-opened.
If and i do mean IF this all works out then we should be well on the road to recovery with the workovers, Monte Aymond and Campo Limite to look forward to.
This time next year "Rodney" i will not be a millionaire.

OilTrader, and thats not counting the workovers. However we need to get on and get this started and the oil and gas flowing, as downor up says this RNS is 100% in line with the news released by Interoil so bodes well.

Yep, good news RNS, now lets get on and do this work, an extract from the RNS below.

The Company estimates that, on completion, the aggregate effect of the three sets of infrastructure upgrades described above could, including the up to 240 bopd of liquids and up to 2 MMsf/d of associated gas (net to Echo) that would be expected to be delivered from the well reopening programme, result in up to an additional 600 boepd of production net to the Company.

At this price not sure i would be worried, its a great buying opportunity.

Yesterday: 1,489,276 sells and 1,698,729 buys = 3.4% drop.
Today: 2,270,285 buys, 100,655 unknown and 2,999 sells = 1.67% rise.
How many times have you seen it drop a few percent on a handful of sells ?.
How many times have you seen it rise on a handful of buys ?.
The crowd are baying for blood and i can understand why, its been a long hard slog and ""very very"" slow going, but face it, 2020 and early 21 was lost due to the pandemic, we survived, we are short on cash, be nice if we had loads to throw at workovers and CL etc, we dont.
Give it time, all we need to get off the ground are a few of these workovers completed.

ranger, the sp drop will not affect you as you do not hold any shares and the sp drop will not affect me as i intend holding onto my shares until the sp recovers, the only affect on me might be that if it drops more i might be tempted to buy more, keep up your "good" works.

dipsticks; Fact is nothing has changed, we are still sitting waiting on ECHO starting the many workovers which should transform the companies finances and allow it to start paying back our debts, more patience needed, a bummer i know but if your under water there nowt else to do but hold your breath (and i wish a few on here would).

Fact is nothing has changed, we are still sitting waiting on ECHO starting the many workovers which should transform the companies finances and allow it to start paying back our debts, more patience needed, a bummer i know but if your under water there nowt else to do but hold your breath (and i wish a few on here would).

Grill, agree 100%, Interoil increasing its stake in SC to 30% is great news for us, also agree we should be nearing 20 million for this year with Oceano now producing 50% more gas however we really do need to see the most productive of the workovers being completed to assure 20 million for this current year.

Nothing new or startling in todays RNS, the news we want to hear is when will the workovers be started, when will we start to increase our prodution.

Bless `em they still believe even after all these years that ECHO cannot come good. Still i suppose it`s only natural. A lot easier than facing the truth which is ECHO are just starting to get their act together, its taken sometime but we are on the cusp of great things !!

Seems the crowd are baying for blood and fail to grasp the buying opportunity that has been presented.

NY, i would agree, Interoil seem confident with Santa Cruz and they are intent on growth, case of wait see what develops but at this price the sp has got to be good value.

For info ECHO were mentioned during the webcast, someone asked if Interoils partners were onboard with Interoils strategy for Santa Cruz, Interoil CEO said there had been discussions and yes the partners were agreed on the way forward (or words to that affect).
Note, the webcast was not primarily about Santa Cruz but it was covered.

No idea if there is a link to the webcast, it went out live last Thursday 13.00 GMT but you could check Interoils news page where much of what was discussed is documented.

https://www.interoil.no/?page_id=13

After listening to the Interoil webcast last week I got the impression it should not be too long before we hear news on the first of the workovers.
The ECHO presentation tier 1 doc page 8 found at below link gives details of the workovers, 3 of these stand out due to the expected production uplift and the low cost of the work, these are.
1: Well CRr-4 In Campo Bremin field, expected uplift 2 to 2.5 MMscf/d with capex of $50k – 100k.
2: Well CMo-8 In Campo Molino field, expected uplift 75 to 100 bbls/d with capex of $100k – 150k.
3: Well CMo-24 In Campo Molino field, expected uplift 75 to 100 bbls/d with capex of $100k – 150k.
The above three wells could boost production by 30% plus for less than $400,000, surely we must get these three wells flowing again ASAP.
That said there are several other workovers mentioned in the tier 1 doc that will give only an expected 25 bbls/d uplift and the capex for some of these is $200k – 250k each, in my eyes hardly worth the effort and money.

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

Someone sold £2.00 of shares and we go down 1.37%, someone then bought £2000.00 of shares and we did not jump 20%, Hmmm.

Hi guys, looks like you been missing me, sorry, been cleaning the shed out.
Util, for info no i did not get an e mail from ECHO inviting me to speak with the "special" one.
I do agree MH is more a financial guy than oil guy, but the way i look at it he has kept us alive, bought Santa Cruz which is now our bread and butter and which can offer a lot more, the previous owner identified quite a few new well drilling opportunities, once again these have been covered by Interoil, guess we need to wait see where echo end up and see who is correct.

Util, thank you for your valued and well thought out post however i can assure you i have no tie up with ECHO other than being an investor in the company.
As i have stated several times, we see things very very differently, i see a company that is slowly (too slowly for some) getting its act together, i would agree its been a long hard slog but that is no doubt due to the limited cash we have, agreed MH is short on news and information but i am heartened by the news releases from Interoil in the past few days, these backup what we have already been told, if anyone had bothered watching the Interoil webcast on Thursday (as i did) i am sure they would feel the same way i do.
PS, i do not remember saying "Next week we will be millionaires` but sure i have heard that somewhere before !!.
Meantime might i just reiterate, its just a waiting game, ECHO will come good.