Member Info for abzzba

See my post from yesterday, Phoenix Global who sold SCS are paying for the well though we do have to repay upto 60%0of the costs.
I put a link upto the RNS, paragraph towards the end details this

Link blocked on lse, go to directors talk site and search echo, this will find it

https://www.***************************/echo-energy-unlocking-additional-investment-resources-for-rapid-return-opportunities-interview/4121026357

We should also remember Phoenix Global are paying for this well and I believe that includes the testing with echo paying back at most 60% of the costs. See the RNS below.

https://www.lse.co.uk/rns/ECHO/mobilisation-of-drilling-rig-to-palermo-aike-aaoy1ighs96x7bw.html

CNN reporting Argentina opening borders, CL testing not far off.

https://www.google.com/amp/s/www.cnn.com/travel/amp/pandemic-travel-news-japan-australia-argentina/index.html

Jings, strange old world, the lead troll has been stalked while trawling.

Unfortunately the word patience and lunatic trolls do not go hand in ?.
But yes I agree, bit more time needed, I expect another RNS soon advising more wells back onstream.

JoJo's, not only that but the interest rate is reduced from 12 to 8%, this shows a huge amount of confidence in echo, as for the "more can kicking" posts it's quite obvious restructuring this loan frees up cash to get on with bringing more wells back into production, MH doing his level best to add value with the very limited cash we have,

Good news, more cash freed up so we can get on with bringing wells back into production.

In April we were told via RNS that the essential infrastructure works would take 45 days, on June 21st we were told these works were completed within the schedule, we were also told that wells would be brought back into production in a phased operation over a 15 day period, I think most investors realise that during the essential infrastructure works we did take a hit to production, we do not have figures for the lost production, some posters seem to enjoy inventing their own figures, I prefer to be more objective and say that given virtually all May and June saw infrastructure operations we can say we lost quite a bit of production, this easily explains the poorer than expected production figures that some expected.
The good news is our infrastructure works are completed and we are in a fit state to up production, bring it on.

I really do believe we can expect another RNS shortly informing us of more wells brought back
online and detailing production increases.
Infrastructure upgrades completed and we are on the starting block.

We should remember that we did lose some production during the two month pipeline work, as mentioned in previous post
Second half figures will be much better when we add in wells brought back into production etc etc

Gross profit of US $0.4 million (H1 2020: loss of US$ 1.6 million).

· Revenue increase of 5% to US $5.9 million in H1 2021 (H1 2020: US $5.6 million)

All good news though not blistering, headed on right direction.

· Reduction in cost of sales of 33% in H1 2021 compared to equivalent period in H1 2020

Good news is we must be due an RNS, must be imminent.
(When you engage with people on these boards you expect a degree of common sense and at least some intelligence, guess that's not always the case) ranger did you mutter something ?

Woodrow, what ranger thinks and what ranger knows are two very different things.
It's become quite obvious he doesn't know that much.

Yes I am aware of that RNS which states gross cost 2.2 million and echo will pay 70% of that which equates to their
Share, but you missed out the bit that says the purchase will save 100,000 dollars a month, just another example of your selective posts.
Amazing how much concern you have for echo investors when you yourself are not an investor.

I avoided nothing, it was I that asked you to give a link to where you get your figures from, as that link has not been forthcoming I assume these are more made up figures much like your conspiracy theory that echo are salting cash away via another company, you seriously need help.

Seems like we have picked up another clown but at least he knows he is not well

Ranger, as usual your figures are more fiction than fact, thought as much, given how many times you have been caught out posting fiction I would have thought you might have learned by now that you are only making a complete fool of yourself.

Ranger, given your history of making figures up can you put a link up to where you get these gas compressor costs from, not that I am calling you a liar it's just you have a habit of being wrong and posting misleading information.