Member Info for abzzba

marketinvestor, i see you joined LSE today and your first post is about echo, might be an idea you check your figures as these seem well out of the ball park as far as i can see.

sp nice and steady waiting for the next step up on news, doubt we will have long to wait for the next RNS.

sp nice and steady while waiting the news / next RNS.

for info i believe MH has a tie up with GRESHAM HOUSE SOLAR DISTRIBUTION LLP so has history in the renewables sector, but feel free to DYOR.

If the 0.10 you mention is 10p you might have a year or two wait but with a tailwind and a bit of luck you never know.
Think most LTHs have averaged way down, know i have and i am pretty confident i will see my money back plus a profit, pretty sure investors will be a lot happier in the months to come, good luck, hope you do get your money back.

You heard it 1st not from a Rodney but just a plonker, as for myself i am happy enough if the sp hangs in there until the next news, onwards and upwards and lets hope that next news comes along soon.

308, totally agree, lets hope all the Rodneys are taking note.

goza........Echo will come good and it will fly......it will just take time that's all...bit same as your Sound, unsure why you seem willing to give Sound time to recover but not Echo

util, i am quite sure Sound made a few clever investors huge sums of money, but they were the clever ones that got out before the bubble burst, the Rodneys that were thinking they would be millionaires hung on and ended up here spouting bile and hate, as a matter of interest what is your first name ?

I think most realise that the turnaround has started, it may not be as fast as some had hoped but we are most certainly on our way, 6 months from now i am quite sure we will all be much happier, indeed we may end the week on a high yet, lets wait see if there is news at 7.00 am.

sure goza172 got this right apart from the fact he was 24 hours early.

I think there are quite a few GENUINE investors that had hoped for another RNS by now telling us either the 3 remaining Campo Molino wells were back producing or our second workover had been completed, the last good news RNS was on October 14th, or 3 weeks tomorrow, if MH is reading now would be a good time.

ranger, i would expect nothing less from you, though not invested you have been posting negatives on this board for several years, not sure why any sane person would do that. your posts are at best misleading, in some cases twisted but they are all designed to show ECHO in a negative way, take your last post as an example and the line "do you remember all the shouts of 2p by end of the week", no i do not remember that, maybe you could find an example ?, i do remember many posters saying 2p by the time the workovers are completed but we have just started the workovers, one down and 15 to go and yes when all 16 workovers are completed we could well be at 2p, as for you says the last 4 or 5 RNSs were great i would disagree, they were good, not great, great would be an RNS that says we have upped production by 500 bbl/d, not 50 or 75 bbl/d as these previous RNSs tell us, but then that would not suit your agenda would it.
UTIL, you really seem to have a problem understanding these posts, not sure i can put it any simpler for you, as we complete more workovers we get more production so the sp follows on upwards.
As i have said here on numerous occasions, there is little point posting here while "vermin" have control of the board.

my my, the trolls are out in force today, i think anyone that looks at the facts and the news from the last few months in a fair and unbiased manner could only reach one conclusion, ECHO is in recovery, these trolls offer ZERO proof otherwise, let them be for now, their time left on this board is short.

util, you appear to struggle with reading and understanding what has been written, might i suggest the following link, there is plenty help for you out there (for your reading issues anyway).
https://readeasy.org.uk/

Just to clarify the Campo Molino wells (7 at present with 3 to be announced) are producing twice what they were producing when shut in April last year.
As for PR i would agree its been dire but there has not been a lot to shout about these last few years pre April this year however we have entered a new era and now with workovers started, Campo Molino producing at double the rate it was and the company headed in the right direction now would be a good time to get our moneys worth from VIGO communications our PR company.

Based on gross September oil production figures for Santa Cruz 431 bbl/d = 301 bbl/d NET to ECHO, plus October 5th RNS = 75 bl/d NET to ECHO plus Oct 14th RNS re the first workover 50 bbl/d NET to ECHO, equates to 425 bbl/d NET to ECHO for oil.
Gross gas September = 2,247 Boepd = 1572 Boepd NET to ECHO, gas should have been higher but there were gas compressor issues hence lost production.
We also have a few more oil wells in the Chorrilos oil field, not huge producers but every little helps.
To be added to the above once the work is completed.
3 x Campo Molino wells around 75 bbl/d combined NET to ECHO.
15 workovers at conservative estimate of 45 bbl/d each = Gross 720bb/d = 504 bbl/d NET to ECHO.
Whatever Campo Limite brings to the table.
Whatever Monte Aymond brings to the table.
Happy days will be here soon.

maqsood7, you are underselling ECHO. After all 16 workovers are producing and assuming a conservative 45 bbl each well that equals 720 bbl.
Add to that the 10 Campo Molino well (just 7 producing right now) these 7 are producing 25-30 bbl/d NET to ECHO so once the remaining 3 are producing a reasonable estimate for Campo Molino would be 250 bbl/d NET to Echo, plus the few other oil wells we are well above 1000 bbl/d for oil, then we can add on the gas, anyone got access to the figures for gas ?.

maqsood7, i agree, once all these 16 workovers are completed and we add the production from these to the already producing wells we should be producing 1000 bbl/d and remember these workover are low cost low risk and can be turned around in 10 days or so, we may be seeing the benefits of a CEO with oil & gas investment banking experience.
Must admit i am starting to warm to these eco idiots that are pushing oil prices higher.

Bank Of America Sees $120 Oil By June 2022. Wonder if we will have completed all our workovers just in time to take advantage of $120 bbl.

https://oilprice.com/Latest-Energy-News/World-News/Bank-Of-America-Sees-120-Oil-By-June-2022.html