Member Info for ARahim

goza172, you might be wrong there. Bankers don't throw good money after bad. They have already a loan waiting to be paid, why should they accept this new venture if they are not sure the main project will pay all. Shareholders are kept in the dark, yes. that is what MH and bankers want to manipulate things in their favour. Low sp is always an ace in MH favour. watch the next three months.

it seems to me MH is under the banker control. If they are willing to do the placing at this low with all those warrants, sure they have a reason for that. The wrong thing MH is doing for the shareholders is to keep them out of the loop of what is happening with the work being done. Three months to report is too long besides he did not report any news for 3 months already regarding workovers. The next report will be on 1st March. What pushed him to plan to spend more instead of focusing on the main project is beyond expectations. Sure the bankers want more part of it and they created this opportunity just to acquire cheep shares.

The only positive clue about this is:
we know MH being chasing any opportunity to raise cash and warrants at this low sp. They got their chance under renewable energy and diversification now they have to show what they have done with the income they collected so far.
where is the cash MH? or where is the progress report? this RNS was out of the blue to satisfy your bankers.
where is the share holders share in all of this? The bankers are keen to take their share first in the next sp jump.

production positive OK
renewable energy funded at the lowest share price instead of main income???/
main income spend on digging and no news about that at all
MH what the f*ck are you doing?

it seams the tension is growing between Russia and china against French and ecowas in Mali.
https://www.aljazeera.com/news/2022/1/12/russia-and-china-block-un-support-for-ecowas-sanctions-on-mali

is caused by Mali borders being closed by ecowas and the tension with the French.

https://www.france24.com/en/africa/20220112-french-military-plane-crosses-mali-in-clear-breach-of-airspace-junta-says

profitable? yes for sure. the question remain why they are straggling with bringing the newly processed wells into production?
are these well far from the existing network? do they need to be connected instead of using tanks? The next RNS should cover 5 months activity as we did not get any news on the last three months already. They are working right but the production is still covered with the wells from the previous Sep report. are interoil figures still usable?

some bought high and trapped here this is why they are constantly trying to pump this. It will drop today and the other crew will buy again low and start pumping again and sell. The next month the same thing.
For me this company being rejected by the financial sector big time and it is just trying to find a thin line to hang on. I expected it to return to origin soon. That is 0.05 or lower.
I hope I am wrong, but it does not seem to have an end to cash conversion and missed monitisations.

The Company looks forward to updating shareholders on production levels on a quarterly basis going forward.

The last RNS said operation updates every three months.
So the next one may be on 1st March.
although we may get unexpected one soon.

ranger, if the loss abzzba or any share holder going to make will make you happy, I suggest you see a doctor soon. This is not a normal human behaviour mate.

The conclusion is:
but looking at echo spot figures and interoil average figures you understand why echo opted to 3 months reporting period to have more robust figures close to average rather than changing figures. In general the trend is positive and we expect next period to show significant increase as I guessed before 450 bopd. well come with all sorts of surprises but the average outcome is predictable.

so according to echo it moved from 200 >> 300 >> 350 >> 255 net to echo
but according to interoil form Jan to Nov: the share of echo is
189 195.3 236.6 221.9 236.6 208.6 203.7 240.8 301.7 267.4 264.6

The figures from echo RNSs seems :
1) Aug-26 As of 23 August 2021, the recently reactivated wells have contributed to an almost 50% increase in total liquids production at Santa Cruz Sur compared to the period immediately prior to this (281 bopd gross, 197 bopd net to Echo - during the period 1 -17 August 2021). This represents an increase of 137 bopd gross, 95 bopd net to Echo

2) sep average In the month of September liquids production net to Echo averaged approximately 290 bopd

3) 05-Oct 350 bopd (net to Echo) This represents a further 20% increase from production levels announced on 26 August.
4) 2 months from the first quarter: 2 months Net liquids production in the first two months of Q4 2021 averaged 255 bopd, and is an increase of 31% over Q1 2021 levels prior to the commencement of production optimisation and the bringing of shut in wells back on line.

from inter oil and the 70% echo share means:
echo 70% share
boepd bopd
Nov 1,518 Diff 264.6 Diff
Oct 1,480 38 267.4 -2.8
Sep 1,573 -93 301.7 -34.3
Aug 1,520 53 240.8 60.9
Jul 1,537 -17 203.7 37.1
Jun 1,739 -202 208.6 -4.9
May 1,791 -53 236.6 -28
Apr 1,826 -35 221.9 14.7
Mar 1,884 -57 236.6 -14.7
Feb 1,782 102 195.3 41.3
Jan 1,784 -2 189 6.3

ranger, when are you going to grow up and stop this tit for tat posts. we are trying to get the right picture not the wrong one.
we know echo is doing WO and adding to production but we went to understand how this is reflected in interoil figures.
what matters is growing oil production.

That is why I asked the question. It seems new WO wells extra production is not reflected in time in interoil production. I am busy now later I will prepare a list of production by month and try to explain what extra wells are ...

ranger and abzzba, can we rely 100 % on interoil production to work out echo production?

with ~ $ 7 million a year income from liquids sales alone echo don't need any cash raise for visa or extra works.
echo reported figures are covering old production level since Oct 2021 = 70% of 380 bopd = 267popd for echo. any extra work or flow since Oct till end Feb will be reported after 3 months from now.

with this around dumping could be the wrong option.
https://www.bbc.co.uk/news/uk-59662142
the passport is a fact now