Member Info for abzzba

maqsood7, Interoil report states Santa Cruz production for October as 2,114 boepd so lets not hope for 1000 boepd.
We are also very close to receiving the November production figures, lets hope these temporary problems at Campo Molino have been rectified and Novembers production figures are well above Octobers 2,114 boepd.

Agreed its been a long hard slog but i think ECHO are about ready to move on and up.
Good luck to all that are holding shares here.

goza, i would agree on that as well, lets get our core business making a good profit, in general the only thing that annoys me is how long all this is taking but i put it down to lack of funds, as more wells start producing funding should become less of an issue.

goza, i agree with what you say, the excuse that Argentina will not allow specialists and equipment in is wrong, i have said many times on here that specialists would be allowed in under the key workers agreement and there has never been a ban on shipping equipment into Argentina, i think the pandemic has given echo the excuse they needed to put CL on hold, personally
i think its due to our lack of cash and the fact we have to repay Phoenix Global 60% of the CL costs, extract from the below RNS as follows "Echo has also agreed to reimburse 60% of the cost, up to a maximum of US$1.1 million"
RNS link below.

https://polaris.brighterir.com/public/phoenix_global_resources/news/rns/story/rg0pejx

Our cash situation is still pretty dire, everything coming in is going out due workovers and bringing wells back into production, i do wonder if MH intends to continue with the workovers until there is available cash to test CL and trigger the 60% repayment to Phoenix.
Purely my own thoughts.

ranger, can you not read, he says 5.3% of the shares not 5.3 million shares, try and get something right, fed up having to correct you.
Laughed out loud when i read your "Is anyone in here being represented by this guy?", please do not tell me that you think you represent the investors in echo, you do nothing but "try" and cause trouble.

ranger, can you be that dim, when you are in a plane and decend to 5000 feet you have to go back through 5500 feet on the way back up duh

308, can guarantee I am not forgetting, nice to see a bit of a pull back

The only problem with filtering these infestations is you do not get the chance to correct their lies, half truths and the downright misleading information they post.

Guys (sure you know who i mean) have you ever considered you might not be cut out for dabbling in shares and that is why your all so angry now.
I could sell 85% of my shares at a profit today but why would i when its simply a waiting game for a much much higer sp.
Nice day in Varna, sun shining, lets hope its not too long before the sun shines on ECHO.

Hello jolly, still well in profit for 85% of my holding, good of you to think of me,

ARahim, no problems, it's easy enough to support something you believe in, it's simply a waiting game, hopefully not much longer to wait.

I should also have mentioned that with Campo Limite we have to repay 60% of the well costs to Phoenix Global Resources, this may influence MHs decision on when we proceed with testing of the Campo Limite well.

Before we forget what this site is about maybe we should remind ourselves of the plus sides to ECHOs assets.
On the 14th October we received news that the first workover had been completed and this flowed at 76 bbl/d, we have another 15 workovers waiting to be completed, I think it likely the next workover wells are being worked on right now.
If we are being conservative we might use an average production rate of 45 bbl/d from each of these 16 wells once all 16 are back in production, the figure could be higher or lower, who knows, but 16 x 45 would equate to 720 bbl/d, add these onto the Campo Molino production we should be on or around an oil production of 1000 bbl/d.
The above work is in line with MHs low cost low risk strategy. For details of the workovers see page 9 of the latest presentation.
On top of the expected 1000 bbl/d mentioned above we can add on our current gas production which we are selling the bulk off to commercial customers so the end of winter should not have a great effect on gas sales.
It was recently announced that Argentina will open its borders on November 1st, this would allow the specialists required for Campo Limite testing to enter the country, we can only guess what CL might bring to the table but the signs look very very good, might I suggest you read the RNS released 30th January 2020 ref CLix-1001 well, also we should not forget Monte Aymond (ref 29th Sept 2020 RNS), this previously produced gas flow of 5 MMscf/d before being shut in years ago when oil was the prize, MA will require a reasonably inexpensive workover and there are various options for transporting the gas with either a 2.6 km pipeline into Chile or a hub development via Campo Limite which lies around 5km away.
Purely my opinion but another 6 months of patience and ECHOs current sp will be history, as always DYOR, and try not to be misled by the trolls that infest this board.
Yes we have had gas compressor issues bringing wells back into production and yes Campo Molino experienced temporary production problems in October but make no mistake we will come through this, would be great if we could move faster but as MH is the guy with his finger on the pulse we need to accept his judgement, the important thing is the end result.

ranger, keep your accusations coming, every one you call wrongly just confirms my thoughts that you have not a clue what you are speaking about, you say "Bet he got furloughed took the money why saying happy days", could not be further from the tuth.
As for being on the "right side" as you put it i assume you mean i am not in your gang of bullies, will let you into a secret, bullies have never scared me, ever !!. You and your friends may have scared of the majority of investors on this board but you will never beat me, quite simply you and your chums are just not upto the job.

Util, you really are a Muppet, grow up and face the real world.

Disruptor, spot on, take advantage of the idiots selling up.

Chab, your obviously not the brightest spark.
For info I do not believe what we are being told about our latest pandemic, I do not believe or trust politicians and seldom take notice of what the media tell me, I tend to make up my own mind on things and leave the news articles for the gullible idiots that lap it up. Just incase you want to know my views I would say I am generally in line with the info that can be found on the below link.
https://worlddoctorsalliance.com

Just to round off here we are 20 months down the road and I know not one person that has had the "cough", all very strange.

chablard, i just gave your post a recommend, you now got two likes.
chab, if the situation occurs and the government and media create a new hysteria resulting in share prices collapse i can assure you i will take advantage, silly not to, i realise this would not suit your investment strategy of buy high sell low but its how i like to do things, speaking of your investment strategy you may get an opportunity to sell soon, seem to remember you bought £20 worth @ 0.62p on 27th Oct so if the sp falls more next week you might get a chance to sell, you can then hang on until it recovers and buy back in.

ranger, can well understand why your wife walked. You must be one sad old loser in life. (smiles)

The markets are playing with all shares today, Shell down almost 5%, BP down 6.4%, surely you cannot be so naive you do not see whats going on, rinse repeat.