Member Info for abzzba

goza, thanks, for info i will be happy with 7 or 8p and i think that very achievable when we get firing on all cylinders, i would agree its frustrating waiting on MH engaging 2nd gear.

goza172, can i ask you a question, obviously you do not have to answer it.
If / when echo sp starts to rise what will you do if it reaches your average sp, would you sell the moment it reaches that point or will you continue to hold in the hope of profits ?.

Given that the rig RNS could land anytime these are brave people bailing out for a few percent profit.

goza172, good find, makes our current sp seem very investable for those that are willing to wait.

sp needs something, whether its ramping or news i am not bothered

EarlofAim, we do not need to pay off the debt until 2025, even then we could choose to pay only a percentage, tell me, would you use up your working capital to pay the debt early or would you use the working capital to make more money, answers on a postcard please.

The clever ones are buying, just the idiots that are selling.

Serious question, why would we not get onto the workovers, in 2020 there was reason not to, in 2021 we had limited cash but now we are in 2022, the three best picks from the workovers are as follows.
Two of the Chorrilos wells (CMo-8 and CMo-24) are expected to give an uplift of 75 to 100 bbls/d each, the projected workover costs for each of these wells is $100k to $150k.
Then we have CBr-4 gas well in the Campo Bremen field expected to give an uplift of 2 - 2.5 MMscf/d with capex between $50k - $100k.
Those three wells alone will generate more than 6 million a year if we achieve mid range estimate returns.
As for repaying the bond holders its very possible we pay back a percentage, say 50% and take another bond out to cover the remaining 50%.
Understand people are anxious and want these started and rightly so, but its just a waiting game, those that think we will stay at these 52 week low price are deluded or just plain idiots.

Agreed, i also blocked him for a while but missed out on the opportunity of correcting his so called "facts" however just to correct another of his half truths, when you sign up to LSE it asks if you are a private investor, as he is not an investor did he lie when he signed up, he certainly has form when it comes to telling lies.

Tired@Confused, well said, genuine investors do not try and trash the company they invested their hard earned in, affraid echo has always attracted low life derampers, no doubt a few of them will reply to my post very soon, its how they work, trash anything a genuine investor says.
Our time will come and it cannot be far off,

amazing how the dogs come out when they smell blood, guess thats the nature of the beast. No doubt the sidekick will be along shortly.
Is this the last shake out before the start of happy days.

malkis. 0.35 would be a dream for me though i think some might call it a nightmare.

more than i did, take a look in your crystal ball.

i think most are hoping for quite a bit more than 8p in the next 2 years.

util, spot on, next week or the week after or 3 months or 6 months or 12 months or even a bit more, makes no difference to me, i can afford to wait.

already stocked up, 95% of my shares now sub 0.465, would i buy more, if the price is right yes i would, be silly not to.

I am certainly hoping for an RNS with good news soon but i doubt very much it will have anything to do with anything a muppet like you has done.
Your last posts on here you said you wanted to find out who the TR1s were, i would have thought that to be a 20 second scan down your digital copy of the shareholder register, assuming you have one, why not forward your digital copy to all those that have contacted you at gmail, thats a nice easy way for you to prove you are genuine.

Just a waiting game here and the wait will not be that long.

Two of the Chorrilos wells (CMo-8 and CMo-24) are expected to give an uplift of 75 to 100 bbls/d each, the projected workover costs for each of these wells is $100k to $150k.
Given the price of oil we would recoup these costs in a month.
Info taken from YouTube interview 8 minutes 40 seconds into the interview which Kenwrong put up a link on Sunday 15.10.
https://www.youtube.com/watch?v=iJg9VQmTnF0

Kenwrong, good find and a very informative interview.
2022 presentation can be found at the below link.

https://www.echoenergyplc.com/investors/results-reports-and-presentations/