Member Info for abzzba

Know0, do not think there is or will be slippage time when it comes to the pipeline, everything said 45 days from procurement date which was around mid April, puts us oncorse to complete this at the end of the month.
Would agree there is some great potential here for investors with so much good news to come.

4 million buy, someone very confident

Think it may be a water pipeline that is being replaced, see below.
Interoil own 8.34% interest in the Santa Cruz assets, the link below leads to their March 30th prospectus, its worth reading and gives quite a bit more information on page 12 (Upcoming activities in Argentina) regarding the 23 km pipeline works however the prospectus states it as 21 km.
As well as the info on the pipeline there are other snippets of info. The MMO field Interoil speak about has nowt to do with ECHO, only Santa Cruz Sur and it seems Interoil have applied to take over the operation of the Santa Cruz fields.
I have signed up for news from Interoil as they seem to be happy to provide detail on their interests in Argentina.

https://www.interoil.no/wp-content/uploads/2021/04/IOX-National-prospectus.pdf

MickyT, the only strap in needed here will be when it takes of again, as for the ones you mention that have gone quiet they are probably playing with their strap ons !!

conrad, i would agree there were more sells than buys today so we deserve to fall but on Friday there were many more buys than sells and we still lost 4.88%, guess we need to accept this is AIM and i guess patience required until we get more news,

Utility, voice away as much as you like for now, you only ever appear during the quiet times anyway, however i suspect your voice will fade away once our infrastructure upgrades are carried out and our workovers start pumping more oil and gas, you and your fellow doomsters will fade away like a bad smell to be replaced with the sweet smell of success when we get news that Campo Limite is commercial and Monte Aymond is flowing gas, we may have to put up with you and your like for a few months yet for all that news to materialise but materialise it will, just the same as the sp will rise to reflect our new company and its achievments, re-rate on the way.

A very few with little or even no holdings in the company keep spouting negative views yet the likes of myself, a real investor for many years with "quite a lot" of shares in the company seem quite content with the gains and achievments the company has made in the last few months, i see it as we have turned the corner with the sp headed upwards, agreed there is some house keeping to get out of the way first but these are essential to our infrastructure.
As well as those doomsters that keep punting negative views we even have a few that think the rise was going to be a straight line, wish it were that simple,

You just need to look at the trades from last week to see there is still plenty of buying going on here, if you take Fridays buys vs sells there is no way we should have been down 4.88% for the day, patience required.

The 24th Feb RNS states "installation expected to take approximately 45 days from conclusion of successful procurement".
The 19th April RNS states "materials required are now being fabricated by the supplier in Buenos Aires", if we take mid April as the materials procurement date we should have the pipeline works completed by the end of this month then its back to full production, hopefully we are also busy on workovers so we can boost those production figures.
I see the disruptors are back playing havoc with the board, let them play their infantile games.

Rahim, rather than trying to reason with ranger its easier just to filter him out of your life like i have done, its no loss, he contributes nothing but bile and for all his supposed 25 years in the oil industry he seems to know very little, everything he says is waffle, if he does have O&G background its obviouly been gained offshore because he has not a scooby about onshore rigs and costs.
Believe me, filter him, much easier.

Agree 100% when you consider this covered last year when oil prices were low, wells shut in and operations disrupted in every way, on the bright side we have a lot to look forward to and the company bank account must be looking quite good so no need for further dilution to carry out the work overs etc etc, once the pipeline work is completed and we get back to full production we can take advantage of increased oil prices, MA & Campo Limite costs should be well covered. Onwards and upwards.

I can see a cash raise in not too distant future as well but that would be the value of my shares.

Think there are quite a few companies that made a loss during 2020, indeed probably very few that made a profit, keep this RNS safe and compare it to next years financials once these shut in wells are opened up, once the workovers are completed plus MA, Campo Limite etc etc and remember the oil price plus the preferential gas prices we are getting.

Given the Covid issues of 2020 its fair to say this is a very positive RNS, add the increased production due this year and the future looks bright.

Just need to get these Work Overs completed and producing.

8th June RNS link:
https://www.lse.co.uk/rns/ECHO/santa-cruz-sur-reserve-and-resource-update-pnj02mfkn8t81jx.html

(suggest you read the RNS several times, the below paragraph is of interest and remember this is only 16 of many wells that might be subject to workovers)

Echo is now pleased to confirm that in addition to the successful operation described above, an initial portfolio of sixteen workovers, focussed on seeking to bring PDNP & 2P reserves intervals into production, has now been matured. Of this portfolio of potential projects, four initial opportunities (consisting of 3 well workovers to bring associated PDNP 1P reserves into production and one project targeting 2P reserves) are estimated to be capable of adding expected combined additional production of up to 4.8 MMscf/d of gas and 84 bopd (total combined additional production potential of 884 boepd). These 4 initial opportunities offer a combined estimated value of approximately US $9 million in NPV10 uplift based on an aggregate gross cost of approximately US $1 million and fast payback periods of between two to six months. This uplift potential assumes a realised sales price of US $32/bbl and a gas price of US $3.5/mmbtu. The remaining twelve opportunities in the initial portfolio could each be capable of increasing gross production by up to 0.6 MMscf/d and 91 bbl/d. The Company continues efforts to identify and mature further production enhancement opportunities over and above the 16 already assessed to provide further growth and value to shareholders.

Note that echo were using US $32/bbl to value the above and the oil price is somewhat higher now,
If I am reading the above paragraph right the remaining 12 workovers/pulling jobs could deliver the following.
Gas: 12 x 0.6 MMscf/d = 7.2 MMscf/d
Oil: 12 x 91 bbl/d = 1092 bbl/d @ 70$ = 76,440 per day from this extra oil alone or yearly $27,900,600.
DYOR !!
It seems that aimranger has used these figures when putting together his numbers and potential which can be found at the below link.
https://twitter.com/AIMRANGER1/status/1382228236579565568

chablard, it seems you are incapable of understanding what you read, to quote the 24th Feb RNS "installation expected to take approximately 45 days from conclusion of successful procurement".
The 19th April RNS states "materials required are now being fabricated by the supplier in Buenos Aires", i think most understand that means the parts have been procured, so by my calculation 45 days from mid April would mean the upgrade works should be completed around the end of this month, no doubt you will disagree, you usually do hence little point replying to your posts.
No where does it say 45 days from completion of fabrication !!.

quite a bit of buying, will not be red for long.

I doubt there is anyone other than those with a negative agenda that can fail to be impressed with ECHO and the direction we are now headed, we are sitting at three times the 52 week low price of 0.31p, the bond news was massive as seen by the day rise to 1.9 p, with that behind us and numerous opportunities ahead of us i think we can forgive a few over zealous rampers, is 5p possible this year, i believe it may very well be possible, is 10p or more possible next year, it may well be, the work overs are a known plus that will greatly increase production, Monte Aymond is as close to a certainty as it comes, if Campo Limite proves commercial i think its a certainty we will see further drilling in Palermo Aike.

I believe the above to be realistic and not not ramping, time will tell.

2021-04-30 14:00:28 1.01 1 £0.01
are there any believers !!

Interoil own 8.34% interest in the Santa Cruz assets, the link below leads to their March 3oth prospectus, its worth reading and gives quite a bit more information on page 12 (Upcoming activities in Argentina) regarding the 23 km pipeline works however the prospectus states it as 21 km.
As well as the info on the pipeline there are other snippets of info.

https://www.interoil.no/wp-content/uploads/2021/04/IOX-National-prospectus.pdf