RE: RE: 20000boepd!!25 Nov 2021 11:41
ranger, firstly the poster that mentioned 20,000 Boepd and started that thread has a tendency to get over excited and i am pretty sure he (and a few others) do not fully understand the meaning of boepd, at no time have i said or inferred we will shortly be producing 20,000 Boepd.
Secondly, i agree oil production is on the increase, as MH stated some time ago he had to make a choice between oil or gas, he appears to have choosen to increase the oil production, this is pretty clear from the work done in bringing the 7 Campo Molino wells back into production and his emphasis on the remaining 15 workovers which are all oil wells, this is a good choice as far as i am concerned given the current oil price.
It would be great if we had unlimited capital to throw into the numerous oil and gas prospects we have but hard choices need to be made as we do not have stacks of cash to play with.
For the time being i am quite happy with how MH and ECHO are performing but offcourse i expect more in the longer term, i would have suggested you sell up if your not happy but i then remembered you have never held shares in ECHO, you simply come to this board day after day for several years to post negatives, feel free to continue your vendetta for now, once we start firing on all cylinders you and your like will be history.