Member Info for ARahim

Next good news is not far now.
your other account is giving you thumb up now!! ranger

Nice attempt at sp this morning ranger! spread the bad news that might get you better entry price. echo sells in dollars and may use locals at a fraction cost as well. petrol and gas are on the rise no matter what Argentinians inflation is.
Next good news is in far now.

you are the one trading this stock. You are the main misleading. what is your price this time?
You know echo is bound to return to 1....?p and you are trading it for now.
otherwise what benefit 2.4.% will be to you.

Util when are you going to grow up and stop this tit of tat business?

news will come when next well production flow is tested... simple.

Institutional investors are bad luck for small PI's. the far away they are the better for us. after all echo does not need finance for now. Long live echo and PI's.

Irishtown ,since the beginning of the year echo is a different company. It is returning to profitability with every well coming back to production you are lucky buying at this level. there will be no dilution from here to finance operations. If it is used for acquisition that will add value to echo. rosy days ahead.

abzzba, the likes of the three muppets are in every stock. Their job is shake week holders so they can create liquidity and money for the MMs. Some of them work for MMs, some just trade 5 - 10%. Now they are out of stock and trying to lower the price to buy again.
They will disappear after news till they sell and return again. Time and time again as usual.
The long term trend of echo is positive and that is what matter.

Those wells may have being unprofitable at oil price bellow $30 but at current prices the first well alone will generate $2m a year. We have a lot of wells to be reactivated.
every energy producer is facing a different cost structure. Echo at the moment is in the profitable zone. Management was optimistic at $50 price, now we are at $85. prices may stabilize at $75 in the long run but that is a profitable price for echo. That is what matters. adding to that the soaring gas prices $20-25m revenue for echo is what is expected now.

https://knoema.com/infographics/ncszerf/natural-gas-price-forecast-2021-2022-and-long-term-to-2050

another view about gas future prices is the fact that in the last 20 years consumers preferred short term contracts to buy gas at the lowest prices. This did not create much needed profit for producers to invest in the fields of developing new gas sources.
So in the short term there are no other sources to bring to the market. as consumers will try to reduce the costs of petrol they will move to the gas source and this will push gas prices to reach oil prices given the units of energy supplied.

Util, try to understand what is being said instead of spreading negative views for free. I know you have limited education as everyone here does but try to not expose yourself further.
The views I reported are the readings of the top producers in gas and petrol not the daily readings you pick from news and websites. The top heads of large petrol and gas companies make long term predictions, they do not read the news predictions. They have all the data to do the right decision in managing those multi Bellion companies.
gas is short in supply and the shift of China from coal to gas to produce electricity will put more pressure on gas prices.
china is already experiencing grid cut offs due to short supplies of coal.
One of the main producers of gas 'Qatar' declared it has reached the maximum of production and can't add more.
Russia is struggling to meet the demand form EU.
https://www.ft.com/content/760b2a01-d1ec-4177-bae5-27f29c7ad646
The gas pipes from North Africa to Italy and Spain are in full capacity.
European traditional producers are unable to produce more.
East Med countries are almost in open war for the offshore gas explorations.
So where do you think the gas will come from as liquified gas is much more expensive as it needs storage and transport?
if that to be the alternative source from USA to EU.
given the level of production of echo now, the sp reflects the level of expected profitability give the debt payments in the future. As more and more production is added, the profitability of echo will become obvious and the sp has to move to a new level. simple. we still have three wells to resume production and lot of wells to be brought back as workovers are done.

oil may experience a surge to $100 but OPEC+ are keen to add more barrels to stabilize the market. $75 as oil price seems to be reasonable as long term price.
Gas is affected by increased demand to replace dwindling coal for power generation. lack of investment in gas production the last 20 years lead to shortage of supply. gas is expected to continue the up trend at least these two years.
Russia is keen to keep pressure on Europe to improve negotiations for the second gazodic from Russia to EU.
In short:
petrol to stay between 70 and 100.
gas to increase for few more months before it stabilize.

That is how I predict it as well. although I expect the workovers to start reappearing more frequently.
Three more well to be brought back plus the next workover well in the next RNS.
February 2-4 p will be a reasonable price by then when the new well test is positive.
Fingers and tows crossed.

greet news today, hold tight.

The poor ranger he may never get the price he was de ramping for yesterday. He lost face, this is why joelebeau has to take his role. bay back ranger there is no time to waist waiting for prices decrease. It is obvious the value of echo will be x times what it is now few months from now.
ranger, there will be no cash raised for the short or long time as you were predicting. There will be trade update in time as usual not after three months as you predicted. prices of gas and petrol continue to consolidate.
lenders see the value in echo why can't you see it??
you still behaving like a baby Rhino in a shallow pond spreading sh*t.

£127,500, has now been converted into 10,200,000 new Echo ordinary shares (the "Conversion Shares") at an effective issue price of 1.25p - a premium of 108% to the closing mid market price per Echo ordinary share on 30 September 2021.

converted at 1.25p is a statement of confidence in echo.
the income for the six past months was as expected in the low range of 12m a year given the works and delays. the next six months income will be $9-12m as expected as well give the new flow of petrol added in.
by the way yesterday and today RNSs are not the usual trade update of each two months we still have to wait for the next trade update in 4 weeks time.

The Russian fag in Mali
https://www.ft.com/content/b08d4d4e-2509-4a01-a2c3-2fe857a04a13

Mali gov accuses the French gov of letting the country down by withdrawing its troupes from the country.
Mali gov substitute the French with the Russian Wagner group to combat terrorism.
Terrorism in Mali is mainly financed by the French gov through ransom payments.
Is Mali going to be the next Libya where Wagner is the east and NATO in the west and terrorists in the middle?
How does this effect kodal operations in the long run?
The French are very angry with the Malian military gov move???

(204 + 100)*(365/2)*75 = $4.1m for petrol
1469*(365/2)*20= $5.3 for gas
total = $9.4m unless a major flow is added to petrol from next wells.
good profit and good progress is being made