Member Info for abzzba

Mr MB, i would hope the money raised cover more than the first 4 workovers, there were 16 initially earmarked for workover.

uinsionn, well said, my thoughts exactly, nothing has changed other than echo need money to work with, its sad, but this is how business works.
As for Mr WTs turnaround i think its more to do with him being miffed that he had a few top ups at a higher price, i suspect we may drop a wee bit further, i see that as an opportunity,

Seems there are a few loosing the faith, guess we cannot blame them but lets hope we are not being taken for mugs again and campo limite / PA turns out to be the saviour we all hope it could be, a good result there on top of the workovers could easily turn this round, we will know soon enough.

Agree its not great news but if it secures the companies future we must go with it, these are difficult times for every company, if this secures the workover costs resulting in vastly more production so be it.
Frustrating yes, necessary yes.

https://www.scmp.com/economy/china-economy/article/3094610/australias-spot-chinas-top-source-iron-ore-under-threat-new

Not sure who will buy at this price, wait for the divi to be cancelled then buy on the drop

You could be forgiven for thinking this share is unloved but our time will come.

somm, i am in a similar position and i understand your frustration, sure many other do as well but things change, we now own 70% of a producing oilfield and if campo limite comes in who knows what that might be worth, in last Q&A MH said we required specialist equipment and personnel, we can only go by what he tells us but for my way of thinking it bodes well, more so given the statement in 30th Jan RNS that the reservoir may be larger than expected.
TA is not dead, just on the back burner while we concentrate on known positives like the work overs and campo limite, that seems logical to me, get these producing before that big throw of the TA dice.

NY, re pipeline did echo not say this was and easy tie in to the Chilean pipeline, i seem to remember there is a pdf showing the Chilean pipeline that passes through PA

WT, would agree with you, we could be sitting on a ????, just lets hope they dont mention the "T" word.

Detail for Campo Limite RNS from 30th Jan:

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, but confirmation of this will be the subject of future technical work.

30/40/50bcf discovery at Campo limite, unlike you to de-ramp !!, 60/70/80 bcf or more would explain the "teams" excitement and yesterdays RNS.

bobbbyr,my thoughts exactly, they have good ibes re campo limite and prefer to spend their time and money increasing production rather than go chase "trasformational" coal seams. Steady as she goes will do for me.

Think we need to remember that after these initial workovers are compled our production will be well over 3000 BOE/D, add to that whatever campo limite might bring to the table. i prefer to poke holes where results will most likely be positive, bird in the hand and all that guff

As always MH seems to have come up trumphs, reduced costs but we still have the options on TA, could it be that echo feel campo limite/ PA offers more value, MH quote,our low-risk production and substantial development and exploration opportunities at Santa Cruz Sur, certainly the team were excited during the Q&A,

Judge-m, i guess thats true however i have a way to go before my holding turn green, that said if campo limite is a hit then i think that will be the start of better things to come and i am confident i will see my green.

Trellis, thanks for clarifying.
As for echo on the brightside we seem to have stabilized, need news, campolimite, work overs, TA, perm any of these

Trellis, i am not sure why you think there is no chance, your anti echo club (cannot remember the name of it) but you say has 350 members then there are quite a few on here with a lot of shares, and i mean a lot of shares, i am not willing to say how many i have apart from saying i have way too many.

During the last Q&A MH mentioned each workover took around 10 days and as we are using our own rig i would doubt the workover costs would be that high, an operational update would be nice.

Would not want to be classed as a ramper but optomistic i am, good campo limte results will make all the difference, better still great campo limite result along with good news work over figures could see us flying towards 3 or 4p, agree it will not be this month but given time and luck i see no reason we will not see 5p and beyond before year end.