Member Info for abzzba

Correction it was Friday 2nd i posted these, apologies.

On Saturday i posted three posts, work overs, Campo Limite and Monte Aymond, read these, all three must be close to RNS time

Buys coming back

If you re read my post i said "or, if that RNS does arrive at 7.00 am ", we know we are very near the RNS stage on several prospects, tomorrow would be an ideal time.

Am i allowed to say i am a little disappointed with only a 15% rise today, guess we should do better tomorrow, or, if that RNS does arrive at 7.00 am then we will do a lot better.

Oilgarch, its in one of the Interoil links you put up.
These operations are carried out in one of the five exploitation concessions where Interoil has recently acquired an 8.34% participating interest from former operator, Roch S.A., which transfer is subject to the authorisation of the Executive Branch of Province of Santa Cruz as part of the overall process of title transfer that is proceeding as anticipated.

https://www.interoil.no/?page_id=13&year=2020&PressReleaseID=2232851

Santa Cruz Sur: CLix-1001 / Campo Limite RNS below.
From the RNS: The fact that the Springhill Formation, across a 19 metre gross interval between 2,124 metres and 2,143 metres, is shallower than pre-drill prognoses had estimated, is potentially indicative of increased reservoir volumes situated above the water contact across the Campo Limite area.
https://www.lse.co.uk/rns/ECHO/santa-cruz-sur-clix-1001-update-9flb5aadjjrm6lm.html

Campo Limite was drilled early 2020 in our Palermo Aike licence at Santa Cruz Sur (same area as Monte Aymond), testing was suspended in April 2020 due to the virus, all we really know is Palermo Aike Springhill is rich in gas and the the ECHO team have stated several times that they are “very excited” over this well, last we heard during Q&A was MH said we were still waiting for specialist equipment and personnel which cannot enter the country due to virus rules.
See Campo Limite Test Update in the 15th April RNS at the below link.
https://www.lse.co.uk/rns/ECHO/operational-update-80jx3cgf5d1cmk8.html

Many feelCampo Limite could be the game changer but as always DYOR !!.

Add to this our new Bolivia partnership agreement probably due to ECHOs Bolivian Huayco and Rio Salado licences details can be found at below link with the partnership RNS below.

https://www.echoenergyplc.com/our-portfolio/bolivia/huayco-rio-salado.

Bolivia RNS: https://www.lse.co.uk/rns/ECHO/bolivia-cooperation-agreement-and-exclusivity-akp66fk34p7tauq.html
DYOR !!

29th Sept Monte Aymond RNS
https://www.lse.co.uk/rns/ECHO/santa-cruz-sur-monte-aymond-gas-project-utxaqb85ax2zdd0.html

Once I again I suggest you read over the whole RNS several times.

Echo Energy, the Latin American focused upstream energy company, is pleased to announce the completion of an initial assessment by the Company of the Monte Aymond gas project in Santa Cruz Sur, Argentina.

The Monte Aymond project, located 5.2 km to the west of Campo Limite on the Company's existing Palermo Aike licence at Santa Cruz Sur, involves working over the Monte Aymond well which was drilled successfully in 1984, targetting a Springhill reservoir structure imaged on 3D seismic. 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. Whilst this well was previously abandoned, the Company believes that the now improved local infrasucture and prevailing gas prices mean Monte Aymond is now an exciting commercial project.

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.
DYOR !!

We opened on Monday at .695, tonight we sit at 1.20p thats a 72% increase in 4 days, guess its not been a bad week !!.
Given the action this week i think its fair to say echo is primed for take off, all we need is that red hot RNS to light the touch paper, would be incredible if it landed on Tuesday.

its coming back

coming back a bit

Would be brilliant if we have an RNS up our sleeve for Tuesday, timing is everything and from what i have seen MH knows his game.

samra, been a few years of sleepless nights but agree, feels real good now,

Ratty, i am assuming you have been released for Easter weekend ?

Wish LSE would get its act together, sp is 1.35 after yesterdays 46.7% rise, more of the same today would be appreciated !!.
5p in the near term after some news must be a realistic target.

bolivia, Agreement has an initial term of 5 years and may be terminated by either party without penalty on providing 6 months' notice

Agree, its just a case of how fast do they intend driving

Just a thought but i think many that have bought in today will hold the shares so less for sale in months to come, ifso that can only be good.