Member Info for abzzba

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

I first noticed this with ZIOC.L weeks ago, huge amount of trades for a pound or two and the price of ZIOC kept creeping up, i initially put this down to more punters getting into trading for fun via the various share apps but investopedia have another theory, link below.
https://www.investopedia.com/terms/o/oddlottheory.asp

Rahim another poster on this board mentioned a few days ago that these small trades can influence graphs and there seems to be something for that idea as well.

308, just wishful thinking on your part, hopefully not too much longer before we get a real one (or more)

BadA, glad someone else noted the "subtle" posts, quality, but not quite good enough.

If you go back to the posts from the 18th April i have 3 seperate posts that detail the positives, Work overs, Monte Aymond and Campo Limite, news cannot be that far of on any of these.

Not sure anyone needs to be an expert, common sense will prevail once we get confirmation of the increased production via work overs, MA and CL.

Lets hope we can find support to keep the price above 1p while we wait on some more good news.

Today is the first time i noticed these small trades with ECHO however i see it on other shares as well.

Crypto, thanks for your (and others) support though ranger is no longer an irritant as I filtered him, he brings nothing positive to the board and his sole purpose seems to be to cause discord and cast doubt on anything ECHO do or say, I am sure there would be a name for his behaviour but you would need to ask a psychiatrist.

Ref the pipeline upgrade and replacement RNS dated 24th Feb, my final thoughts on this below.
What we know as per the RNS.
23km of pipeline serving wells in Chorillos, Campo Molino and Cerro Convento fields, the RNS states 10 individual upgrade projects have been identified, by that we can assume it’s the pipelines (flowlines) that run from ten wells in the fields above to the manifold, from the manifold the oil and gas would be transferred into a gathering pipeline for transportation and processing.
It may well be that the 10 pipelines (flowlines) only are being replaced, its quite possible the manifold might need remedial works only. As for the pipelines these are nothing special, they could even be flexible hose around 4.5" OD but I suspect it will be 4.5” tubing as there will be copious amounts of that stacked in pipe yards and that would be the cheapest option, what we do know is they have been shut in or choked back due to this pandemic, if so the insitu lines will be gummed up and if they are as “mature” as the fields they serve they are probably due replacement, given ECHO want to bring back onstream these shut in wells and add to production by means of the workovers it seems like money well spent.
These are onshore and will be a basic single pipe type of system.
A basic and brief description of well production pipeline / flowlines can be found at the below link first few paragraphs.

https://www.ipieca.org/resources/energy-efficiency-solutions/units-and-plants-practices/flowlines/

Phoenix Global Resources plc have a finger in the pie.

https://www.phoenixglobalresources.com/investor-relations/regulatory-news/
https://polaris.brighterir.com/public/phoenix_global_resources/news/rns/story/rg0pejx

Bed time reading, starting page 58 section 6.10.3
https://www.interoil.no/wp-content/uploads/2020/08/Prospectus-26-August-2020-Interoil-Exploration-and-Production-ASA.pdf

Chablard, there is a pretty simple reason i keep repeating myself, i am quoting the RNS,

Though its not really my nature we just need to be patient, we have no choice, our time will come, then it will not only be the faithful but the joyful and triumphant as well, the full chorus !!

You say you are correcting misinformation , exactly what have you corrected ?, all you have done is cast doubt on the paragraph in the RNS that states "US$ 275,000 will be injected by the Company to replace and upgrade parts of the infrastructure etc etc", as always you question facts and statements made by the company and other posters, as always its either fake, ramping or misinformation.
Please, feel free to tell us in some detail what infrastructure and pipeline work will be carried out and what will be upgraded and / or replaced, i assume you have those details to hand ?.

It says "US$ 275,000 will be injected by the Company to replace and upgrade parts of the infrastructure etc etc" maybe you could read it again, if you need clarification please e mail ECHO as i see no need to comment further.

From RNS: https://www.lse.co.uk/rns/ECHO/operational-update-tzesn26ndgvuqma.html
Capital expenditure net to Echo's 70% working interest of around US$ 275,000 will be injected by the Company to replace and upgrade parts of the infrastructure primarily in the Chorillos, Campo Molino and Cerro Convento fields with installation expected to take approximately 45 days from conclusion of successful procurement. Ten individual upgrade projects will be completed to enable the upgrade of around 23 km of pipeline.

I should also have said in the below post i doubt we would be replacing 23 km of pipeline if there were not years of production left in these mature wells.
Onwards and upwards, hopefully very very soon.

ARahim, I have no idea what the life expectancy of the Santa Crux wells would be, the Santa Cruz acquisition RNS 21.10.19 states “Santa Cruz Sur package of five mature producing blocks”, on top of that we know there are 38 producing wells in total (mixture oil & gas), the June 8th 2020 workover RNS says “an initial portfolio of sixteen workovers” identified with payback periods between 2 to 6 months, ECHO would not be spending money on workovers unless they felt there was a reasonable life expectancy, certainly years but how many I have no idea.
The June 8th RNS also mentions there may be more wells over and above those 16 that could be subject to workovers.
Monte Aymond is better known, the well successfully discovered and tested gas and condensate at an initial flowrate of 2.4 MMscf/d, and subsequently at an average rate of 5 MMscf/d over a longer 10 month period of production before being abandoned as oil was the prize back in the eighties, the other issue with MA was transportation of the gas due to limited infrastructure at the time.
See MA RNS: https://www.lse.co.uk/rns/ECHO/santa-cruz-sur-monte-aymond-gas-project-utxaqb85ax2zdd0.html

The Campo Limite well is situated around 5km from the Monte Aymond well, both these lie within the Palermo Aike region which according to an Interoil report is not a producing area at this time.
(https://www.interoil.no/?page_id=7 )
There has been numerous reports on Palermo Aike such as the following link.

https://www.researchgate.net/publication/269202387_Geologic_Interpretation_and_Assessment_of_Early_Cretaceous_Shale_Oil_and_Gas_Potential_in_Austral_Basin_Santa_Cruz_Argentina

Best case scenario here would be Campo Limite proving to be commercial with more wells drilled in that region which of course would give us new producing wells for possibly several decades to come,
As always it’s a case of do your own research, always.

ARahim, if that is the case i guess we need to increase revenue, that will come once the workovers,, CL & MA are completed, just a waiting game.

Short interest tracker verifies LO are clear https://shorttracker.co.uk/company/GB00BF0YPG76/

Morons filtered so the future looks much brighter, as for green issues i can see $$$$$$$$$$$ signs once ECHO get started on the work overs, Monte Aymond and Campo Limite, not to mention further wells in the near future, cash in hand situation must be quite favourable now the bonds are tucked up until 2025.