Member Info for abzzba

www.paginasiete.bo/opinion/editorial/2019/5/24/mentiras-de-sanchez-sobre-boyuy-x2-218976.html

https://www.paginasiete.bo/economia/2019/5/15/el-estado-debe-devolver-repsol-us-130-millones-por-boyuy-x-2-218034.html

Also no idea of quality of the article, I simply posted a link to the most recent article I could find

I to used online translation tool with same conclusion as yourself, however I assume the ongoing work might be fracking or other means of getting gas to surface.
On phone so not going into detail.

https://www.paginasiete.bo/amp/repsol-aun-mantendra-por-un-tiempo-su-equipo-en-boyuy-x2-217746.html

I believe 20% COS is around the norm in O&G so nothing to get excited about unless off course one is attempting toisleaf people.

Calling this an operational update is stretching the truth, what is happening with ELM 1004 and what is the timescale for TA first drill, due to the crap we have been fed in the last 9 months this company need to go a long long way before investors start to believe in them again

I also would agree we were fed bullshxt from the release of EMS 1001 RNS to-date, people invested in this company based on the fact if the tobifera was dry or poor we had springhill to fall back on, ref EMS 1001 RNS dated 21/06/18, and i QUOTE.

"In the shallower Springhill target, the well encountered over 20m of hydrocarbon shows. The shows in the Springhill target were associated with elevated gas with peaks of over 137,000 ppm, as measured against referenced background gas levels of less than 7,000 ppm outside of the zone and the Company is currently evaluating the effective net pay across the Springhill section encountered."

Unquote, it turned out to be a thin layer of coal, sorry guys & gals.
Who in their right minds would trust these bandits now.

chablard
i agree with you 100%, after the lies and deceit spouted in each RNS and at ever Q&A i would not trust this company at all, for myself its damage limitation, no doubt its the same for many investors that trusted this company.
They led us to believe EMS 1001 tobifera might be huge, even if it was not we had springhill to fall back on, both turn out to be worthless, we were told ELM 1004 was simply a case of hook it up and start pumping, now we are told different.
Could it be the company is being run down by the management for some reason, certainly seems that way to me.

Seems i let myself be suckered into believing in another AIM stock, so many unanswered questions, is Springhill worth testing ??, what about the 120 m naturally fractured section of the tobifera ??,

Agree 100%, what about Sppringhill and why only 4m section mentioned when 2 x 15m were fracked also what about the 120m naturally fractured section, lots of questions need answered here

Cervelo, our man in Bolivia, great find.

There was also the below Q&A shortly afterwards.

1:00 PM
Question from SteveW
If the Tobifera is not commercial on test how soon will you be progressing to test the Springhill section please??

Geoff Probert (Chief Operating Officer)
Hi Steve. Springhill is behind the completion required to stimulate and test the Tobifera, so a rig entry would be required if we wanted to move up to the Springhill. We haven't considered that in our programs yet as the Springhill is still under study in EMS..

From December Q&A.
12:58 PM. Question from bobc
Assuming EMS tobifera is commercial might EMS turn out to be a dual completion well assuming Springhill also proves commercial

Geoff Probert (Chief Operating Officer)
Hi Bob. Really depends on the pressure regime across any reservoirs that successfully test, but it's unlikely that any Springhill and Tobifera production could be commingled. It's early days - we need to to see the stimulation results - but my sense today is that a dual completion would be overly complex for a pumped well; so any SPR/ TOB would be separately developed.
---------------------------------------------------------
So it sounds like another well will be drilled for Springhill if the tobifera is a producer, IMHO.

ref new CPR, in the December Q&A, see below.

Question from MattSherman75 (12 pm)
Is a revised CPR still planned?

Julian Bessa (VP of Exploration)
That is our current thinking but a CPR will only be commissioned once all the data and operations have been fully analysed from this summer’s campaign.

WT.
I dont really need to take up a new interest, we are currently packing our worldly goods into the back of the car and heading for a new life in Spain this coming week, wife is rooting for ECHO as i have said anything we make here can go towards the Spanish villa kitty.

8 sq km or for sake of argument a circle around EMS 1001 with 1.6 km radius is still area enough to support several more wells if the tobifera turns out to be a high volume producer, we should know that quite soon.

More like 3 weeks or even 4.

Lets hope ECHO are working harder than this board, 3 more weeks and we may have heard something or at least news should be imminent !!

Agreed, good results from Brazil & South Africa will give us a nudge upwards