Member Info for abzzba

For anyone that is unaware of the importance of these workovers and the expected production uplift might i suggest you read the RNS released on the 8th June 2020.

util, agreed a couple of posters yesterday stated the twitter news/photo was nothing really but look at who those couple of posters were, yes i am hoping for the best, it would be silly not to and do i feel the twitter photo has placated investors no i do not, as i say below more detail would have been better, a single photo with no additional news is about as basic as it gets and i said that, but it lets us know workovers are underway.

Day 30 and counting, was good to see the twitter update even though it was about as brief as could be, bit more detail would have been nice, ie, how many wells to be worked over, when did they start and expected timescales.
On the bright side, production from those ten wells which were shut in April 2020 plus additional production due to the workovers should see a reasonable upturn in production figures.

Its the Grand Old Duke of York syndrome, record is stuck at the when they were down they were down bit !!

More than excellent news, it lets us know workovers / pulling jobs are started or about to start, now a wee bit more detail on how many wells will be worked on and what sort of timescales are we talking about, at a question and evasion last year MH stated a workover as 10 fays and pulling jobs as 3 days.

bobbbyrash, beat me to it,

I checked several other SPs from other companies on LSE and the same is happening, old trades showing, this LSE sucks.
These do not appear on my AJ Bell live trades.

The_Linns, Interoil want to be operator in all fields they have an interest in, its stated in last years report, i also doubt Interoil have the money as they recently had to raise cash to resurrect the Magallanes Oeste Field (MMO) in Argentina.
I assume there has been no further contact from MH ?

Strange, some trades from April and May showing.
Anyway here we are day 28 and counting, no news, no updates, if MH was following this board and reading about investors being unhappy with communications it does not appear to have bothered him much.

bobbbyrash, good luck, you do realise £2000 right now you could be on a 5p average, personally i do not think a 5p sp is out of the ball park once we start firing on all cylinders, maybe not this year but next.

conrad02, i can assure you that you did not join in at the top, there are LTHs here that bought into ECHO at anything between 12 & 18 pence, when our CEO at the time stated our EMS-1001 well was "transformational" we silly billys thought she meant transformational as in great, little did we know she meant the opposite, we were all excited when our saviour MH arrived however it appears he is not one to be rushed !!, sure we will get to a sp that pleases most, also quite sure you will see your penny per share back again and more, just be patient, something the LTHs have had to get used to like it or not.

On another note, our junior partner Interoil released their quarterly results this evening, not a lot in them apart from the below snippet.

Argentina – operations
In spite of the lockdown, field operation related with production remains in a regular basis with oil and gas been sold into the local market granted stabilized operations.
For the Santa Cruz operation, Interoil continues actively working in the reopening of oil wells, involving the replacement of an existing steel water disposal pipeline with a new plastic-resin tubes. This investment significantly improves field operating costs by reducing the use of chemicals and repairing corroded pipes. In the same line of costs improving, the Company have been testing new chemical products aimed at simplifying the processes and the operational cost.

The only other interesting point is the fact they have had to suspend their Argentina MMO workovers due to Argentine lockdown rules so i guess i might be owe MH an apology as i assumed specialists would be allowed to enter under the key worker clause.
This might put a lid on my hopes ECHO had started workovers at SC.

sp combined drop of 3.7% this week, as a LTH i class that as "just about holding its own", welcome to ECHO.

In fairness my watch list is red across the board, guess we should be thankful the sp is just about holding its own, seems to be a few reasonable buys this afternoon.

For what its worth our junior partner in the Santa Cruz field Interoil (8.4% of SCS) provided their production report for Argentina this morning, Interoil also have interests in Magallanes Oeste Field in Argentina and have only provided a combined SCS / MMO production figure however i have checked this against previous months and there is no discernable difference.
Interoil hope to take over as operator of the SCS field later this year, currently Selva Maria are the operator, hopefully Interoil get the go ahead sooner rather than later as they like to keep their investors informed of what is happening and we might benefit from that as our own team seem to like keeping us in the dark.

day 25 and counting !!.

info@echoenergyplc.com or m.hull@echoenergyplc.com though he seems very selective on who he replies to, if anyone.

PS, this was day 24 and counting !!!

there have been a couple of trades as below and i have just been quoted 0.654 to buy.
2021-07-15 09:39:08 0.65 50,000 £325
2021-07-15 09:22:48 0.6525 38,391 £250.501

ranger, for once i agree with you, MH and ECHO need to up their game when it comes to communications.

you sure your on the correct board ?. As for ECHO i think those that wanted to sell have sold and those that wanted to buy have bought, everyone waiting for news from our illustrious CEO.

Firstly I disagree with those that are saying we will not get an RNS when these 10 wells resume production, more so given the recent posts stating the information flow is dire, i believe the reason MH stated the combined gross production was approximately 138 bopd gross, 96 bopd in the last RNS was so it could be used as a benchmark once production is resumed, restarting these 10 wells should take no more than a few days , the 15th April 2020 RNS stating these were being shut in actually stated these could be brought back into production in 5 days, my own guess would be that the workovers have started and the 15 days was supposed to give time for testing, as we are approaching day 24 either work is not going to plan or the production figures for these worked over wells is even better than expected and these wells are undergoing extended tests, either way we should find out very soon.