Member Info for abzzba

not just because of Russia / Ukraine, as the article below also cites how oil is under "political attack" on fossil fuels, whatever the reason its good news for echo investors, even better news if we get these damn workovers done.

https://markets.businessinsider.com/news/commodities/oil-price-outllook-150-omicron-jefferies-jpmorgan-energy-market-2021-12

Its just a waiting game !!!!

gregp says below "CEO being paid almost 1 million quid ROFL....", this is utter rubbish, the very worst kind of lies and deceipt.
CEO actual salary stated in the 2020 annual report was $383,443 plus a bonus of $ 307,969*, thats dollars not £ sterling, the same report states on page 33 that he will be taking a reduction in 2021,
"Martin Hull took a reduction in salary for 2021, annual salary is now £250,000 (US $320,000)"

The facts are there for all to see so please do not be suckered by liars like gregp.

i would be amazed but very happy if it goes sub 0.4, it would be the opportunity i have been waiting for, been kicking myself for not buying more the last time it was sub 0.4, then i will sit back and see my investment treble or better as the workovers start producing,

greg, dont give yourself a sore head, as i said before i dont think you or your chum have the mental capacity to understand whats being said, its not your fault your dim.

lancs, the reason these two keep posting even though they do not own a share between them is simple, they are baiting investors in the hope of provoking a reaction, they enjoy it, hard to believe i agree but they both appear to be sad lonely people with nothing better to do, throw in a bit of mental instability and a bit of insecurity and this is the result.
Guess you could say they are master baiters !!!.
Lets see what tomorrow brings, now we are in a new financial year i expect ECHO will start these workovers, reason they never started November / December being they wanted to conserve cash for year end and there was not enough payback time.

ARahim, your wasting your time, these lot do not have the mental capacity.
ranger cannot even read, his Big Kahuna trades are listed as neither sell nor buy, both detailed as unknown.

eatstocks, nice description of the univested, liked the "frothing at the mouth" description, suits them quite well.

Looks like another attempt to scare the feeble into selling, or to put it another way, maybe another buying opportunity coming.

ranger, as usual you try and distort the facts, yes i agree oil production was down but you have totally ignored the paragraph in ECHOs RNS that states "These production levels have been achieved despite a province-wide strike that temporarily reduced production levels over a six-day period in mid-December".
You also ignore the Interoil production report that states "In Argentina, oil production in the Moy Aike concession was recovered after fixing some surface equipment at the gas treatment facilities. The same happened in Oceano field where gas surface equipment were reconditioned to treat wellhead production output".
If production fell and there was no reason then i would agree we have a problem, but the reasons for the decrease in oil production are clearly stated though you prefer to ignore those reasons.

Exciting times for us to break into solar power especially right now just a week after South America experienced power cuts due to exceptional temperatures and the grid being overloaded, though it does seem there are a few that are less than pleased with our new venture.
Also looking forward to news on our workovers, now we have entered a new financial year i suspect things will start to move on that front as well.
GLA

As expected we got our RNS, as expected and as i mentioned a few months ago Gresham House Renewable Energy come into play, all going the right way but possibly not as fast as some want, next up we can look forward to workover news and probably quite soon, 2022 the year of ECHO.

Can think of a few good reasons echo never went full pelt on these workovers in November / December, not enough pay back time before the year end, think we all know working capital is tight so makes perfect sense to hold off on those workovers and bank what we can before the year end.
2022 looks like being a great year.

Must be getting close to renewing gas price contracts, given todays news of power shortages in Argentina due to heatwave and hig electric demand this should put us in a good position.
News must be very close, we normally get an RNS within the week after Interoils monthly report.
Its the year of the tiger in China, lets hope we hear ECHO roar back into life very very soon.

Interoil monthly report out. Roughly same boepd as previous month.
https://www.interoil.no/?page_id=13&year=2022&PressReleaseID=2667096

Not a bad start to the year but sure it will get even better.

Quite certain we will have news soon, how good it will be i cannot say, but lets hope its great news, 2022 may very well be the year i cash out of echo with a healthy profit.

from last friday!!, surely you mean from the last 2 years. Lets hope this buying continues and is a sign of things to come for 2022.

To all ECHO shareholders. yoho.

nyforever, good point re the bond holders, they would never have agreed to restructure the debt if they had any doubts.

echo2021, below you say " everything points towards something bad rather than good", can you be specific, can you detail all the actual facts that lead you to this conclusion, if you could take a few minutes to detail each and every fact that would be appreciated.