Member Info for andyarob

to think what the SP would be if we had`nt had good results

Echo Energy Echo Energy announced a gas discovery at its ELM-1004 well on Fracci�n C asset onshore Argentina. The well was drilled to TD of 1760m in the Lower Tobifera formation and encountered 40m of gas shows in the Upper Tobifera with gas peaks of over 195/- ppm and a full distribution of C1 to C5 hydrocarbons as measured against referenced background gas levels of less than 10/- ppm outside of the zone. The data is highly complicated but initial interpretation computes around 14.5m of net pay with the section being �towards the upper end of the range and encouraging from a volumetric and value perspective�. Next stop is a completion rig here which should arrive in June, in the meantime the rig moves to Los Alamos x-1 (ELA-1) which should spud shortly. Echo shareholders should be delighted that the Fracci�n C programme has started so well especially after initial success at Fracci�n D and this is a great result for the company.

CFO Will Holland presenting in Exeter the value build up to Echo through the well program that started today. 1Tcf of gas in Tapi Aike is worth $500 million net to Echo.

Echo Energy It is also drilling time down in Argentina where Echo have spudded the ELM-1004 well on the Estancia La Maggie gas prospect on Fracci�n C, the first in a four well back to back exploration programme. With the CPR giving the company an aggregated NPV 10 of over $182m net to Echo this is an important time for the company. The next two to three months should be very exciting and any success would undoubtedly rerate the shares which given they are in the bucket list would be fine by me.

share is getting depressing

16:32 - 02/05 Buy 1000000 13.10p �131,000.00

14:00 - 02/05 Buy 600000 13.10p �78,600.00

happened to the 3rd workover?.Was it brushed under the carpet?

Thanks

all the selling when news is due anytime?

Echo Energy Things are moving fast in Argentina for Echo as they announce oil to surface at the second workover in Fracci�n D. The well CSo-80 is a former oil producer and located in the central area of the now predominantly shut-in Canandon Salto field, it will be suspended in order to fit an ESP after which it is expected to produce at around 60 bopd. This oil and the gas pipeline currently being considered should enable rehabilitation of the field and the company has already started to look at the candidate wells for recompletion if this happens. In the meantime the rig is moving to CSo-50 for the third and final workover of the campaign and the company has confirmed that the testing equipment needed on CSo-85 has arrived on site. All this news surprisingly left the shares slightly down but presumably consolidating after the recent 25% rerating upwards.

this has`nt gone lower today with all the sells

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i ment :)

this would of moved up with the recent buys

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were looking at 20p after all the drills .I might as well sell now ffs

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https://youtu.be/vmTveI_3Iu8

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