Member Info for abzzba

Chablard, doubt anyone would expect a huge increase in the sp given we are talking around 25 - 30 bbl/d net to echo from each well however it's always more money in the bank, something you might not be used to given your liking for buying high and selling low, hope you remember the idea is you sell for more than you paid.
Meantime echo's first 4 wells have put around $ 120,000 in the bank. And yes it's a trend IE get more production as cheaply as possible and get more working capital.

I am expecting the RNS for the remaining 3 Campo Molino wells to be next week at the latest. Let's see.
There have also been posts stating we cannot afford to test CL, utter rot, December 2020 we raised £850,000, followed by $500,000 vat rebate this year, we spent $300k on the pipeline plus we have all gas and oil sale revenues from this year, add to this the fact Phoenix are paying CL costs and we only have to pay back 60% maximum.
There is minimal costs associated with bringing the 10 Campo Molino wells back into production as these do not require workovers.

308, Thanks for that, :)

bobbbyrash, our last operational update / RNS 5th October stated we had in total around 350 bbl/d net to echo so adding the last remaining 3 wells from Campo Molino when they start production again (very soon) should add around 70 bbl/d resulting in around 420 bbl/d net to echo.

tombi1, maybe MH is waiting for the 100$ a bbl.
Ranger, might I suggest you would find the below site more suitable, this site / board is for echo Investors.

https://forums.moneysavingexpert.com/categories/pensions-annuities-retirement-planning

Firstly, who the hell is Keiran ?.
Secondly, I would agree we might be looking at increased newsflow, I expect an RNS very soon regards the final 3 wells from Campo Molino, if these are producing at similar rates to the first 7 then that's another 60 - 70 bbl/d to echo, every little helps.
I suspect we should get an RNS telling us about Campo Limite testing now that the Argentine borders are opening November 1st, we might even get news on MA.
One thing we can count on is the 2nd half report for this year will be substantially better than the first 6 months given we have no lost production to infrastructure works like we had in May and June plus the fact we are producing more oil with the Campo Molino wells and expect more gas to flow due to the infrastructure works, happy days not far off.

Burnemc, you are wasting your time, there is little point even speaking to these morons.
What really pxxes me off is the fact they are not even invested here, probably not invested anywhere apart from their little pensions.
Anyway, hope most of you have a good weekend, see what next week brings but one thing sure, happy days a week closer.

Chablard, given your liking for buying high and selling low might I suggest it's you that needs a bit of advise, somehow I doubt that will sink in so I will leave it there.

And yet you bought in at almost .9p and then sold out at a loss, like your strategy but think you need a lesson or two, quick bit of advise, the general idea is you hold the share until it INCREASES in price. Not long to wait now as the Argentina border is opening November 1st.

Angus, as an investor I would say yes it's worth buying more at this price but only if you can hold for a year plus and you are not in need of those funds, like many companies echo are clawing their way back to liquidity after the pandemic.
Best you gen up for yourself, the following link takes you to the latest presentation and first six months report.

https://www.echoenergyplc.com/investors/results-reports-and-presentations/

Pretty sure we can very shortly expect news that the remaining 3 Campo Molino wells are producing again, based on the results for the first 7 wells this should be another 60 + bbl/d between them, every little helps.

Maybe you would like to tell everyone here what my sp average is ?????, if you cannot do that then why not limit yourself to the things you do know, I realise that narrows the field somewhat but at least try and post something that's worthwhile reading, now there's a challenge for you.
PS, if I remember chablards posts correctly he bought in around 0.8x, topped up at 0.7x and told us he was out at 0.6x / 0.7 ish, in my book it's he that is the loser.

Chablard, thanks for your opinion but I think I will take the sensible course of action and hold onto my shares for the time being.
Seem to remember you sold out a few months back ?

Util, your welcome to your thoughts the same as I am, but try and be honest and accurate before calling anyone an insane ramper, my thoughts are that CL & MA are not far off, if CL is commercial we will see further drilling in PA and more commercial wells to follow.
For now it's a case of get every drop out of the ground as cheaply as possible, as far as I can see we are doing that, little point me telling you this as you and your like seem incapable of understanding even the basics.

Util, you do speak rot, exactly what "insane ramping" have I done, I am more than happy to see these 20 bbl/d wells back producing, each one delivering half a million dollars a year, once the remaining three come online that is 5,000,000 gross less costs, agree these will not move the sp but they will supply much needed working capital, or maybe you think MH can wave his magic wand and conjure up a few million to pay CL and MA costs.

The terms transformational and jewel in the crown always worry me but feel we are ok here, already tested well awaiting completion, new wells to be drilled and money from the fund raise tucked away.

JOHNNY F, if you could give a date for your expected demise that would be of help in answering your question.

Jagger's, thoroughly agree with your thoughts on PA, an untapped and potentially very valuable asset and it's all ours (well 70% ours).
PS, ignore the troll, it's attention he wants, denying him will annoy him.

Remember we still have three of those ten wells that are yet to come back into production, those three cannot be far off, plus the numerous wells for workover as detailed on page 9 of the latest presentation.
Add to this Campo Limite and Monte Aymond, happy days.

More wells brought online, more cash, more optimistic, keep up the good work