Member Info for abzzba

4 posts today, one from a genuine investor and three from the troll brigade, more like the muppet show !!!

Expect at least one RNS this coming week telling us of increased production, 0.70p minimum by next Friday, could be higher but that depends on how much of a production increase we get.

GJ, my thoughts if CL commercial the market will accept we can pay the bond debt in 2025, once assured of this the sp will move fast.

GJ, wish I had that crystal ball but now we are getting Campo Molino wells producing and assuming we keep churning through the workovers I will stick my neck out and say 1p minimum by year end, those Molino wells and the workovers then provide the cash to jump on Campo Limite and / or Monte Aymond, assuming CL is commercial 2p by end of February, plus MA add another penny.
Apologies for crap post but parked Santander port waiting to get on Portsmouth ferry.

Think it more amusing reading utils posts, amazing anyone can be that dim.

bobbbyrash, think we will see the RNS this week for the remaining three Campo Molino wells followed by an RNS next week for another workover,

Util, you say you don't do prediction's yet you are saying echo are a failing company, do us (most of us) a favour and xxcc

Util I can assure you I am not fretting, if anything I am more satisfied with my investment here than I have been for some time, think it's because the workovers have started, I am all for MHs cautious approach, I do not need to sell and I am quite willing to wait until all sixteen workovers are completed, my conservative estimate is 45 bbl/d average per well or 720 bbl/d.
The 10 wells at Campo Molino add another 250 bbl/d net to echo, add our remaining oil wells we are looking at 1000 bbl/d plus the gas and that's before we start guessing what Campo Limite and Monte Aymond are worth.
Can I give you and your chums some advise, buy now !!!, in reality I hope you do not take my advise, everyone loves a loser.

Hard to believe there are still a few that are struggling to see the positives, I "almost" feel sorry for them.

Question is what news shall we get this coming week, another well intervention completed or news that the last 3 remaining Campo Molino wells are back producing or will MH throw us a googly, my money is on the last 3 Campo Molino wells.
Pretty sure all LTHs and even the new investors that piled in earlier this year are much happier than they were.

Fact is yesterday's RNS highlights just how valuable these relatively inexpensive workovers will be to us and we can churn through these on a 7 to 10 day basis, given we have 15 to do this adds up to a lot of money and working capital.
Think most investors see the real value emerging here.

Add on the 10 Campo Molino wells which will add upto 250 bbl/d net to echo or 350 bbl/d gross.
Good to see echo start to monetize our assets.
No one even mentioning Campo Limite and Monte Aymond at the moment.
Imagine the end result including these.

Interoil production report yesterday stated 431 bbl/d for September, that does not include the 3 wells brought back to production early October so we can add 100 bbl plus another 100 from the 3 Campo Molino wells we are still waiting to hear about, so one all 10 Molino wells are back producing that's around 631 bbl/d plus the intervention wells.

Take a look at June 8th 2020 RNS which first alerted us to these workovers, it states expected payback time per workover is 3 months but that was with oil prices at $ 32 bbl

RNS, happy days just around the corner, even more production.

Remember this does not include the 3 wells back in production as per October 5th RNS so we can add another 100 bbl/d and we should get another RNS soon re the last 3
Campo Molino wells which should add a further 100 bbl/d.

I see the trolls have been partying while I've been out. What will they find to occupy themselves once we start flying. Turn to the bottle I guess.

Interoil our junior partner just released September production figures for Santa Cruz, as expected well up on last month but this does not include the latest three wells.
Link below.

https://www.interoil.no/?page_id=13&year=2021&PressReleaseID=2610856

I should probably have added on the oil produced while flow testing prior to the August 26th RNS, let's take the minimum figure of 25 bbl/d per well as I did in my previous calc, 4 wells = 100 bbl/d, flow tested at least seven days prior to the RNS so conservative estimate of 700 bbl @ 80 = $56,000 to add on to the $350,000, happy days getting closer and closer.

My mistake, those 4 wells have added well over $350,000 to the bank account since coming back into production.