Member Info for ARahim

I can imagine the level of communication within the team is as bad as with share holders. someone may have said 5 days to relink the wells after finishing the pipeline, the other understood it is production and said 15 days as a precaution measure. These wells need to restore the level of pressure to some level before restarting pumping again. give it sometime it will come in time. It is about retuning the wells to a new level given the new pipelines and pressure load.
Iven when they start production they need sometime to assess the level of sustainable production, they can't just report the production of the first day after resuming production.

1.5million shares traded today. That is lesss than 0.2%.
communication is the issue here.!!!

and my 6m

when this start moving and shaking you will forget all these disputes over words and numbers. keep faith. It is comming.

there is nothing normal about this share trading patterns. It appears there are big players in the background playing hard to catch. buying and saying I don't want to buy so all trades appear as sells and confuse small traders. The continuous share price drop with no volume indicates a real manipulation. sp volume never exceeded 0.03% in a single day although drops were around 4% daily. No logic in this it is just a monopoly of larger buyers.
any positive news now and the sp will rocket.
lost production estimated at 100 bb... expected output 400-600 bb..

400 mean $10 millions Nice figure to add to the existing income.

15 days after RNS of the 21st of June is sometimes next week. The wells are already linked to the network but they may need 15 days to check the average debit for the ten wells as they being out of action for sometime. They can't just report the outflow of one day or two. It was ~ 100 before close and predicted to be 400 - 600 after upgrade. fingers crossed we get a nice results for this operation before the next ones to bring in the rest of 35 wells
it was 100 * 70 *365 = $2.5 millions
400 mean 100 m extra for the ten wells
the rest 35 will bring more who knows
5% for shareholders are doing all the mess of sp selling at a rate of 0.25% a day the rest 95% and the bank are not bothered at all

are we getting carried away by these old management excuses?
all petrol and gas companies around the world are stepping up their investment no covid excuses in sight. petrol companies do not operate bus services in crowded cities, they work in remote areas with little exposure to covid and south Argentina is not Russia either, where the major gas an oil companies are operating with no problems at all.
please stop talking about the lady excuses not to go and supervise her team in the filed. We have a new management and we hope to get production to the highest level soon.
in time a bit delay is no problem but things have to move forward. if 10 wells can bring an extra 5m then 35 well can bring at least 15m and put echo on a new path.

util, it is simple maths: last year we made $11m revenue from sales but we have to cope with finance 'which is now postponed for three years' and costs from writing off legacy items. these two items will not be there this year. so $11m at low petrol prices will be $18m at this year prices and extra from the extra wells coming to production. It is obvious this year echo will show substantial profit and probably the next years as well as petrol prices are likely to sore. besides the warrants at 0.70 and 0.75 tell you the coming story, they are meant to be payments when sp rises after good news.

Its normal at this depth to see some people crying. They just need comfort from the optimist ones. It is bad but some people find no shame in relying on others to keep their moral up. we are going to survive and come out of this den soon. When cash start building up in banks and production increase step by step sp will pick up pace and leave these doom and gloom area.
keep faith lot. I 'have seen worse than this come out very bright. expectation for income this year to be above $20Millions with some cash kept for the debt payment. In three years we can easily put aside $30 plus cash for developments and may be dividend as well.

Echo has already achieved $11m revenue from selling oil and gas last year at the low prices . At todays prices this figure should be $18m this year. The extra work we are expecting is about bringing back other well to production. it will be an extra income as we get more active wells:

The Company is pleased to confirm that following fabrication, installation of the pipeline infrastructure required to bring back online the liquids production previously shut in April 2020 is now complete. The schedule has been delivered in line with the timeline anticipated in the Company's announcement of 24th February 2021.



It is expected that the first tranche of production to be brought back online will be from ten wells in the Campo Molino and Chorillos oils fields. This work to bring the initial production back online is expected to take around 15 days. When these wells were last online, the combined gross production was approximately 138 bopd gross, 96 bopd net to Echo.



This first tranche of restored production will increase the number of active producing oil wells at Santa Cruz Sur to 18. Subsequent tranches of production when brought back online should increase this active oil well stock to around 35. The programme of work to bring online the subsequent tranches of wells will be optimised both to maximise cost efficiencies and accelerate production increases.

if most of trades are shown as sells it must be a big buyer taking advantage of the situation.
Volume 0.25% and a drop of 3.4%. does not make a sense. This is played with share.

they filled their pockets with warrants at 0.70 and 0.75 didn't they?

we would like echo boss to sort the RNS communication issues regarding.
1) How many wells are in production?
2) How many are waiting to be networked?
3) How many wells are going to come to production soon or after one month year ..
4) How many wells are producing gas or condensate or both?
when communicating production it needs to be in a single language than normal investor can translate to cash:
1) equivalent of petrol only although split into gas and condensate components. so people can see the income.
2) what is already the total level of production by month?
3) what is the expected level of production by month?
4 a solid time frame that could be respected.

please avoid complication in terms such as workovers and cubic gas.. The majority of share holders have no clue what that is.

I've being following this stock since the early days of iron prospects in Norway. the first major spike caused by an investor who put in 4 m and at 0.04 and got his money back at 0.56.
Second RF got their money at 0.08 and doubled their money using small fake trades. Now the third wave the invested their money at 0.12 and probably sold already most of their holdings who knows. Chinese are not likely to pay high price for the lithium and gold is too far to generate stable value we still in the early sampling stage. I am not going to bay back unless it is under 0.15p simple this is where most of the new shares are and the Chinese would like to match that.
If you are caught in you are likely to wait at least for two years to see profit that is if the plant is going to be built.

I did not post in that board since dazalian start his continuous moaning all time. that is why I stopped posting. he managed to put off many good share holders from posting.

In fact I witnessed two major spikes in kod from 0.02 to 0.56 and now 0.04 to 0.44. I wish it will stay this way but I don't think so. it is just another spike. Chinese are not going to support this price at all you get ML or not.

if you continue like this you will be covered in mud soon. I sad I was in kod since I did not say when I sold it.

I was in kodal since it was 0.04 I don't buy expensive stock. enjoy the spike

ranger , this bb is for investors, is not for kids or retired kettle mates.