Member Info for ARahim

60% of posters in here are not shareholders.

go to where you belong rats!! It is day again.

If Apollo are really keen to have it, they could start to build a stake while it is under their bid or around.

keep focus.

RNS very positive.

That is what I think of it too. either profit soon or after September.

Volume is 1%. It does not make a dent in thg.

I think the volume is much lower given the level of repeat trading in these conditions.

sp will not be stable in these lows. Tomorrow is another day and even Monday counts as it is the 15 May, the last day for a bid.

Was the cause of this 2 hours decline. sp is up to 81.75 at close.

Tomorrow Rns or sp higher I guess.

MM don't sell shares. it is day traders at the end of day. They buy in the morning in the hope there is bid news and they sell at the end of the day . Most of their money is the bank money.

Merlin2014, take Santiago with you. We are in Namibia and plenty of nomads are there. just walk out of town and when you find one give his/her some food and drink and say what you wish to happen.

Passiton, I meant

Passion, is suffering with gbp waiting for cash raise with no results on sight.

He must got it from here the red flag.

Ranger, acting like a prophet won't help any one here.

you have to be subjective and provide prof of what you are saying.

just I told you it will... is not enough.

we know know that echo as priced at the cash level and it will go down till a serious decision is made.

I never though of MH selling gas profitable wells and leave the company with no income and all risks or the world.

Lancs, that is the big puzzle, I though they will be spending cash on developing production in Colombia or preparing the new gas well for production. It is full of riddles. 2m spent in 3 months to get back 1.7m. very strange indeed. I thought they may have done so to kick out the bank and force them to bail out????

questions more than answers.

That is the aim of posting is to get more reactions and information.

Janiaz, I never shorted a stock. I was following MH last interviews and he seems confident progress is being made. but the last RNS just ruined al hopes. a petrol exploration and production company need a lot of cash and skills to make it to production. Now they sold all their producing assets it makes no sense they are going to stay in business for long.

I understand that the work overs experienced problems and production costs and I thought it was a clever move to get rid of them. but if that included gas production as well!!! and the left 5% interest explain it all. MH protected his office only. sell as soon as you can. He is not to be trusted with new cash raise and new venture.

Sorry: reduced significantly.

This transaction would enable the Company to retain a much smaller interest in Santa Cruz Sur, whilst also seeing the Company's liability for the previously announced significant in-country creditors and other liabilities reduced significantly.

I think they still have some debt. as they used the word 'reduced considerably'

we know it was 9m and 5m after inflation. they must have negotiated if further but not fully.

Mannan, I am afraid this means the left 5% to echo will maintain the office open. the Colombian opportunity is subject to inter oil activity. it is a long waiting game now. MH in office and no more staff. echo is likely to slide to 0.1m mcap and stays there till inter oil decide to kick them off.

What is pazlin more is the sheer contrast between the interview few weeks back and the sales proposal?????

If the sale include gas as well as liquid production in santa cruz than by all means it is echo liquidation by the day. where are going to get income from. do they have another alternative in place? what did they do with the all millions spent lat two years??

New start of liquidation process kicked in?

Thank you xxP, so what is left as production to echo then? or just consolidation and new financing, as there is no income to maintain it.

In short, Inter oil may have being the operator for echo in more than one site but the last deal covers only Santa Cruz. it does not cover gas production or other assets.

Lancs, echo gas production is not in Santa Cruz and that is the majority of our income.

Net gas production averaged 6.3 MMscf/d during Q1 2023, which was down on Q4 2022 levels (Q4 2022: 7.3 MMscf/d) as a result of facilities maintenance, to allow for increased future facilities uptime, which was carried out across several assets (Oceano, Cerro Note & Campo Bremen) during Q1 2023 and before the onset of winter in the southern hemisphere.

echo as well have assets in Colombia and other gas well 'waiting testing' in the borders between Chile and Bolivia I guess.

echo last months heavy expenditure was not in Santa Cruz. MH want to increase oil production to 2000b/d surely not in

Santa Cruz.