Member Info for abzzba

I averaged down on Monday, standing by with more funds to buy more once i see it turn and before it gets to high above current price, i agree 100% with your post below, just awaiting those good news RNSs on the 3 x workovers, fracking 1004, the ESP pump, and seismic award for TA, also "hoping" to hear possibility of increased production from eastern flank of the Canandon Salto field now they understand more after testing CSo-2001(d) well. Then its off to EMS-1001 (La Bomba)

An RNS with some good news.

Would doubt she is thinking of jumping ship, if she were i can think of one very pixxed of CFO by the name of Martin Hull who probably only joined ECHO due to her involvement, however you could be forgiven for the "fingers in too many pies" quip, then again who knows, all these pies might make a banquet.

Schlumberger are by far the biggest oilfield services company in the world so great to have them onboard.

Cervelo, i feel that just proves what is happening, for every buy there is an equal sell, its called manipulation, so i think we must ask ourselves why is it being manipulated to hold it down and there is really only one answer to that.

If you look at the sells these must be small PIs, just the normal re-distribution of wealth taking place, big boys dropping the price to scare PIs into selling so their mates can buy the shares before it goes BOOM. my opinion only, i bought load more yesterday and if it drops more i will buy more.

I realise its the Express and not FT BUT, 9th line from the bottom ports mentioned.

https://www.express.co.uk/news/world/1012541/china-news-xi-jinping-invest-billions-africa-latest

Bought another 82887 before that bounce, my own thoughts only but i don't think it will be long before the first of a few good news RNSs are released, 3 x workovers & fracking of 1004 etc.

There is no doubt Argentina have economic woes however i doubt this will cause ECHO any problems, infact it may well help the company as its in Argentina's favour to get every drop of oil & gas out of the ground it can and the oil majors are lining up to explore offshore Argentina, see below link.

https://www.reuters.com/article/us-argentina-energy-offshore-analysis/oil-majors-interest-in-argentina-tests-free-market-reforms-idUSKCN1GP0DR

Fridays RNS should also help calm any market fears about ECHOs exposure to the peso.

10.1 % of the company or 54,355,500 shares, whichever you prefer, see link below. Its certainly more than me !!

https://www.cluffnaturalresources.com/wp-content/uploads/2018/07/IPGL-TR1-v1.pdf

Can anyone explain what the 2nd RNS means

Dollars certainly better than pesos and 16,000 barrels of oil tops up the kitty, Bolivia is good news, the first of many good news RNSs due in the next 8 weeks, workovers, pump, 1004 fracking, keep them coming.

All sounds encouraging & positive, hopefully no more bad / negative news to come, all we need do is stop watching the share price every day and come back later in the year.

https://www.energyvoice.com/oilandgas/north-sea/180417/cluff-formally-accepts-six-north-sea-licenses-to-drill/

250SWB
I imagine "the team" have their work cut out right now, any Q&A will be better than nothing however i think i understand what you are saying re the Q&A format, either way we all have one common interest right now and that is to see the SP head north again, the more news the better.

egg, agreed we need Q&A and its not an ideal situation we find ourselves in, i too am in the red as averaged at 15p. However anything in the near term that has a positive influence on the SP until we can get to "the BIGGIE" is worth looking at and that includes these workovers, the pump and fracking of EMS 1004.

Purely my own thoughts, given the detail in yesterdays RNS i do not think the SP is performing badly, certainly could have been worse, the ESP (pump) to be installed at CSo-80 well was expected to deliver 60bopd (RNS 23rd April), would not surprise me if its cranked up to deliver around 80bopd, not huge but worth around a million dollars a year to ECHO, the three workovers will add to the increased production, indeed 13th April gas to surface RNS for the workover at well CSo-85 triggered a price monitoring RNS so we might expect each of these three workovers to add something to the SP, add to this ELM 1004 frac of the top 8m section and make this commercial should also help SP recover before we are off to the EMS-1001 races.

v2cola, agreed, these people have better timing than myself that's for sure.
As for the end game, with the pump to be installed plus the three work overs and EMS 1004 on top hopefully all in the next 6 weeks we should get some good news, as for 1001 its still a game changer, while ECHO may not make me as rich as i had hoped a month ago i think even at 15p i am still looking at a good profit by the end of the year.

As much as it pains me to say hats off to Franko who called this right, however, onward and upward, 1001 is worth more than the rest put together plus the other positives mentioned.

Hopeful we might get an RNS tomorrow.