Member Info for abzzba

Will somebody kick ass and wake it up soon

I was hoping for 30p plus by end of the four well tests but if we had anything like 60 million barrels of recoverable oil from 1001 i might need to multiply my 30p by ten.

On Moneyam its neither sell or buy its a question mark, on LSE its recorded as a buy so no idea.

Happy to see it "on the move" the right way, a good well test result and off we go to the races again.

I think many investors bought into this on the basis the first well would be tested in 1 to 2 weeks as we were initially told, then 6th July RNS stated testing would take 2 to 3 weeks, during Q&A we are now told it will take 3 to 4 weeks, add to this the fact the test rig arrival was delayed and the share price is edging down i tend to agree a few investors are jumping ship, whether they intend or hope to dive back in before the first well test RNS is yet to be seen, its very possible an RNS could arrive any day, they may just miss the boat.
Either way there is no massive selling with only 500,000 sells today.

Good news, never thought i would see my buy in 16p price so soon, bring it on.

Glad i just dipped my toe in at 0.12

Results from the first well are imminent, we are told the second well will also be tested this month followed by the last 2 wells , everyone awaiting tests of 1001 where massive oil column has been reported, during Q&A FM tells us testing of all 4 wells will be completed well before November.
One other thing i find a huge positive is the appointment of Martin Hull, a guy like him does not leave a company like Rothschilds after 18 years without good cause, the trust he is showing in ECHO bodes well for all share holders, he has the know how & the contacts to develop ECHO into a 400 m company.

You initially asked how much gas flow expected, we await results, now you ask the reserve, make up your mind, looking at your previous posts you appear to enjoy being awkward so enjoy speaking to yourself.

Still awaiting test results, imminent,

Based on the new information that each well will take 3 to 4 weeks the first well test results "may" be with us towards the end of next week but it could be early the following week, i must admit to being less than happy given we were initially told testing would be 1 to 2 weeks then later we were told 2 to 3 weeks per well, we are now being told 3 to 4 weeks.
I also struggle to qualify FM statement during Q&A that testing of these 4 wells will be completed "well before November" based on the 3 to 4 weeks per well when we take into account moving & setup times.
Gripe over i am still happy to be a holder in this company, but please provide us with accurate info in future.

EGG, your ramps are becoming a yolk

There was never likely to be an RNS today, that was instilled in your mind by one overly optimistic poster on here who neither reads nor understands the statements & information the company are releasing.
Looking forward to Q&A and latest update on testing & all other business,

Good Q & A at 3 pm tomorrow could easily push the share up a few pence Thursday & Friday, followed by RNS Monday or Tuesday just to keep the momentum going.

Should also get an update on work overs & increasing production plus the revenues from sales

398000 sells today, value £ 67000, hardly a stampede, looks more like everyone holding and waiting on the news we know is coming

19th July Echo provided map via twitter showing the test rig "nearly" at its destination, assuming a couple of days to set up and get started lets assume testing underway on the 23rd at the latest, as of today that allows 10 days for testing, not sure this is enough time for testing so expecting results tomorrow (2nd) may be a bit optimistic, could also be that extended tests are required if the well proves better than expected results, however results are certainly imminent, should these results bear out the optimism shown by the board then there must surely be a very welcome increase in share price with three wells still to test including 1001 with the additional oil column, good days/weeks/months ahead for sure

IMHO, we will rise tomorrow

Gilljoe, it would seem your 1st July post stating the companies shortlisted & the contract award date was wrong then ?, note i am not getting at you as this was reported elsewhere, its just i had assumed PFC current share price run might be due to the IRAQ CSSP contract, that now seems less feasible given your post below.

Would tend to agree with you,