Member Info for abzzba

Anyone remember the Grand Old Duke of York !!
And when they were up, they were up
And when they were down, they were down
And when they were only half-way up
They were neither up nor down

These are difficult times for many companies not just echo, sure the bondholders are aware and more forgiving than they might have been a few years ago. Onward and upwards.

ranger, as i said in a previous post when it comes to dealing with money, bondholders and putting deals together he is the guy you would want in your corner, i would agree MH has yet to prove himself when it comes to getting oil/gas out of the ground, however we should not forget it was he that bought the 70% stake in Santa Crux, without that i doubt we would be here today looking at very real posibilities of a commercial well or wells at CL plus the increased production through the work overs.
Still got my gut feeling we might see an RNS this week to sweeten the note holders 100,000 euro deal and show the bondholders we have a good future,

Friday was a big step forward, shame Monday & Tuesday were 2 steps back, lets hope tomorrow brings another leap like Friday,

Think i can assure you there are ZERO LTHs that have managed to average down to anything like these prices, double this maybe there are some, its quite obviously new investors taking profits. This is echo, its a waiting game.

Ah, LSE not allowing the link, apologies.

308, good of you to take the time to post this, link to the full interview below.
As for echo lets see what this coming week holds, more of Friday type trading would be good. I am still hoping for a good news RNS before the bond holder meeting.

https://www.***************************/echo-energy-a-very-exciting-time-for-the-company-and-stakeholders-interview/412963925

We've had worse days

Still feel there will be news before the bond holder meeting to sweeten the 100,000 euro share deal for each noteholder, guess its a case of wait and see what next week brings.

The following is from the RNS "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".

So we have 10 lines across 3 gas fields being upgraded / replaced, highly unlikely all production across these 3 gas fields
will be interupted at the same time, common sense says these will be worked on individually and the only point at which production from all these wells might be interupted for one or two days would be the final tie in to the main pipeline.
As for the workovers we simply dont know if these are being worked on, same with CL and Monte Aymond, my head tells me there will be no news until the bond issue is finalised but my gut tells me news is imminent, i will certainly be checking tomorrow at 7.00.

pleasant surprise we ended blue, more please.

Think everyone will be real happy if your prediction is correct

Hope to be wrong but i suspect that without news this will just drift down every day and it is becoming fairly clear MH has no good news to give us, it really looks like echo have been sat on their hands for almost a year. For the intellectually challenged i should say this is only my opinion.

The smarter ones selling out are the new investors who have very low averages, as usual LTHs are back on the waiting game, or take a huge loss.

Now now, every board needs a village idiot, does no harm. I quite liked the "Monte Almonde: there's oil, but not that much" prediction, i guess you could say this is 100% right as Monte Aymond is a gas field.
https://www.energy-pedia.com/news/argentina/echo-energy-provides-update-on-the-monte-aymond-gas-project-in-santa-cruz-sur--argentina-180650

Or may it be the case echo cannot cover bond payments AND fund the workovers and testing/development of CL, its a case of one or the other and this is why they are putting these workovers and CL on hold so we do have the bondholders cash in reserve if needed, who knows, we can only guess, while MH has yet to prove his worth on getting oil and gas out of the ground i think there is little doubt that when it comes to handling money, dealing with bondholders or putting deals together he is the guy you would want in your corner, he excels in these departments.

ranger, I would disagree this is not a new pipeline, 23 km equates to around 2300 joints of range II tubing or casing which would be ideal for a pipeline, i have yet to see any oilfield throughout the world that did not have vast stockpiles of this laying about and available at knock down prices, this is not XL 30 inch pipeline we are talking about.

somm, agree with you, if we get a good result at CL i see no reason 3p cannot be reached, if we find CL is commercial and there is the option of more wells in this field who knows what price but lets take one step at a time.

BurtonD, nice find, seems obvious that with so many O&G companies jumping on the green bandwagon and dumping oil projects there could well be a shortage of oil and gas when the world returns to normal, however echo have to increase production to benefit from this.
As for yesterddays RNS its good news echo are laying new pipe lines to reduce bottleneck and cope with expected increased production from these areas, my only concern being no start date is mentioned, the RNS states "installation expected to take approximately 45 days from conclusion of successful procurement" as we know echo have been slow at getting their projects underway.
The above got me to wondering if CL / PA work might leapfrog the work overs as CL is not dependent on these pipelines, i seem to remember there was word the CL would probably tie in the Chilean pipeline which is nearbye (few km), this is maybe wishful thinking on my part.

Think it more likely that some of our new investors guided here by ouija boards, dojis and the rampers do not have the stomach for a long hard slog, the signs that brought them here never mentioned the hard slog so they decided to take their profits and move on, no doubt most will be back when things get easier.
Onward and upwards, would not surprise me if we see another RNS quite soon.

key points are we are getting more per barrel but as important there is increased demand to buy it. We need this pipeline upgrade started and completed asap, then we turn on the wells that were shut in last year, pressure build up in these wells should see production increases from each well for at least a period of months, add to this the increased production from these 16 workovers/pulling jobs we should be well over 3000 boe/d.
Then in the slightly longer term (months) it comes down to CL to deliver, thats an unknown as yet but from all accounts it looks good with MA in the background to boost production.