Member Info for abzzba

Agree the SP is way below where it should be, lets wait see what the WOs push it up to, if the pipeline were also sanctioned that would no doubt help, then its a case of wait for ELM 1004 & EMS 1001, would love to know the timescales on these and if ELM will be fracked before EMS 1001 testing,

If we get positive production increase from the WOs and the pipeline sanctioned i see some serious upside in the SP, IMHO

Should see my 6 p today, maybe even less, good things come to those that wait and do not believe the serial rampers on this board.

Tok, its called common sense and 40 plus years in oil industry, workovers are routinely straightforward known entities, producing wells where production has tailed off for one or more reasons, as a norm these reasons can be easily remedied during the WOs resulting in increased production, the fact ECHO tweeted news by month end (around 9 days earlier than expected) would seem to suggest there have been few if any issues with the WOs, but just for you i will suffix my post with IMHO.

Certainly seems strange to sell when we are virtually assured good news on the work overs, yesterdays tweet was nothing but positive and the fact they will report earlier than expected is a bonus.

The more i think about the tweet the more i am inclined to think good news from these workovers is imminent, roll on an official RNS telling us how good.

Buying at 11.775, up 3.08%, amazing what a tweet can do, wonder how it will react to increased production and if they announce the pipeline as well !!

Think a lot of the small PIs selling just now will be rather pixxed off when SP turns on increased production news from these workovers then its onto ELM 1004 for fracking and EMS 1001 (La Bomba), lots of good news to come in the next few months.

Ahead of schedule and time for the good news to begin, question is how much increased production will we have.

Could be doing with some, sure its not to far off.

Any financial gurus that can say what the RNS means in plain English

Too much good news due in the near term to keep it down plus they (who ever) have got to let it go sometime. These drops have been well over done,

11.19 :)

Never heard of a risky workover, in general WOs are known entitys, agreed it happens from time to time that results not as good as expected but the vast majority of workovers are safe bets and we have three plus an ESP.

YOLO, assuming EMS 1004 fracking, EMS 1001 & the workovers are a success where do you see the SP ?

agreed, earliest TA 2nd quarter 2019, i went looking after Cervlos post and found that on the May presentation, Either way be interesting to see what ECHO intend doing first half 2019, i doubt its twiddle their thumbs.

Have always enjoyed speculating, given we were under the assumption Tapi Aike was to be drilled Q1 of 2019 and yesterday RNS states "Once this new data has been integrated into our current dataset, and the identification and hi-grading of prospects has taken place, we would be anticipating to be drill ready at Tapi Aike by late 2019." we might be forgiven for wondering what ECHO will do through the first half of 2019, might it be they know more about EMS-1001 than they are saying, now almost 3 months since 1001 RNS, certainly Schlumberger are the best team for the job and they have a wealth of experience in Argentinas unconventional formations, makes me wonder if there may be new wells drilled around EMS 1001 early next year to take advantage of what they are pretty certain is there, all speculation but still wondering what they will be doing first half 2019.

Couple of chunky buys, 400k & 435k shares, keep them coming.

I don't profess to being a financial guru but with all the positives to come later this year, eg commercialization / fracking of ELM 1004 plus EMS 1001 testing which i feel we get two bites of the cherry in as much as we have oil & gas so a positive outcome from 1001 is almost assured (in my view), plus the workovers surely this price is a steal, only question should be to average down now or wait see what the coming weeks bring given workover news is a few weeks away. Decisions decisions :)

Not a bad RNS, should steady the ship, lots of positives for the rest of the year, not sure why its not showing on LSE