Member Info for abzzba

Amazing how it falls with share sells but never seems to rise on equal or higher buying volumes.

Quote from the last RNS below:

The CSo-96 well which was the first well to be commissioned has seen a material increase from its initial production of 12 barrels per day rising to the current level of 60 barrels per day and is an indicator of potential capacity of these wells.

Looks like a very red day across the board

Hate to crash the party but the production figures from the WOs is not exactly startling (at the moment) agreed there are possibly as many as 19 more WOs to come based on the presentation link previously posted and agree these 4 x WOs may produce more once these wells are oiled in & optimised and this is all good news but the problem as i see it is its all in the future, its all potential & not actual production at the moment, that said we do not deserve to be 3% down on the day, any extra production is a bonus even smaller amounts.
Roll on EMS & ELM and some news about ELA 1 & the pipeline would be good, for those of us lucky enough to be able to hold things do not look too bad however there are many that cannot afford to hold for the longer term and no doubt it those people that are selling.

Did wonder if the ELA 1 sidetrack might be tied up with the cash in hand Ms Fi mentioned.

ELM 1004 & EMS 1001 fracked by year end, must have missed mention of ELA 1 ref RNS 6th June, possible sidetrack,

While since we heard anything about ELA 1

I certainly agree Martin Hull would not have quit a long & established career with Rothschilds unless he had complete confidence in ECHO and no doubt he knows more about ECHO and their aspirations & holdings than most of us do, as you say, if its good enough for him its good enough for me, he has probably never been referred to like this before but as far as i am concerned he was the icing on the cake, patient time is here, just a case of waiting this out.

Bit i found of interest was when she said they had enough cash for another drill, wonder if they have something in mind.

It did, kinda chuffed, and no i don't embarrass easily :)

It did, kinda chuffed, and no i don't embarrass easily :)

It did, kinda chuffed, and no i don't embarrass easily :)

It did, kinda chuffed, and no i don't embarrass easily :)

It did, kinda chuffed, and no i don't embarrass easily :)

People keep selling because the price keeps going down, they are scared they lose everything, like many others i am sitting on a huge paper loss but if i had the cash i would be buying at this price not selling at a loss, good times ahead, just a case of sitting this bad spell out, in some respects i guess i should be thankful, the drop in price has allowed me to average down substantially.
Above said it would be nice to hear some really positive news.

Take it no juicy tit bits were mentioned last night ?

6 weeks ago we saw the potential in this share, sure we will see it again soon, it was always a long term hold, one of my few.

One day soon you will login and find that golden RNS, would be nice if it were real soon.

WT.
Thanks for the links though it always worries me when the term "Jewel in the Crown" is used, bad experience some years ago with Africa's Jewel in the Crown (Afren), hopefully these jewels are real and not paste like Afrens were.

Thank the lord :)