Member Info for bigspike

Sorry you were replying to ny.

Echo of course. Obviously testing needs to happen before they can advise on anything but if this well can produce from both reservoirs at the same time it will be very significant in terms of value.

What I would like to know is if both the Tobifera and the Springhill proves successful, will this well produce from both reservoirs at the same time through dual completion? Also, the follow up wells that will be derisked by a successful flow test of ems1001, are these analogues and are they prospective in both the Tobifera and Springhill too?

3 exploration wells and 3 hits in the Tobifera, I’m pleased the next well is in the Tobifera too! Can it be 4 out of 4, absolutely!

The Tobifera is not on the cpr and you can’t compare it to the Springhill. We don’t know how much is recoverable yet, so be careful not to get too carried away....

fantastic news as always, Opuama 9 exceeds expectations.... onwards and upwards!

Grippy, here’s a couple of links. Both crownpointenergy energy and GeoPark have been very successful in the Tobifera with gas and oil. Their licenses are also in the austral basin although further south of Echos. Scroll through their website news releases... https://www.theglobeandmail.com/investing/markets/stocks/CWV-X/pressreleases/992239/ https://www.geo-park.com/files/releases/GPRK_Ache_1_Release_final.pdf

Geopark operate in chili Austral basin. They have had quite a lot of success in the Tobifera and springhill relatively close to Echo blocks. Example below

https://www.geo-park.com/files/releases/GPRK_Ache_1_Release_final.pdf

expecting flow testing equipment to arrive anytime, perhaps another rns this week?

Ah, thanks cervelo...

The next well is drilling the Tobifera in fraccion D, I wonder if they will be drilling through the Springhill on the way down? Could be another double whammy...

egg, 10K a day from one of these wells is unrealistic. The sm x 1001 flowed in may at 2K a day from the tobifera on a nearby concession and that would be amazing here!
100bpd could be commercially monetized though.

morroco, echo is completely different from sound. Fraccion C already has a process plant, production from successful wells would only take weeks.... Fraccion D needs a long pipeline once more fields are proven commercial but hopefully the next drill will do this.

researchanalyst1 on advfn says

As indicated in my previous post,the 'Vortex' turning point was 16.98p. Both indicators now point to a strong run (no resistance..) to 27.81p in the absence of an RNS. That said, and should an RNS confirm significant hydrocarbon saturations, with an oil column interval in excess of 200m, then prepare yourself to witness 2018's most incredible oil play.

Don’t need a cpr yet, just lots of production generating lots of cash to fund more high impact wells! Can’t fault the management so far, executed the work plan perfectly so far and bought into a superb asset.

Mcap still less than ukog..... FFS!!!

by researchanalyst1

For those unaware, Friday’s and today's share trading is a monumental ‘head fake’ as the market makers have a material deficit of Echo stock. The true share price average should have been significantly higher than the closing price of 16.45p. However, the share price is being held back to complete some large buy orders; those with Wave59 (professional trading software) can see this. Also, and in addition to the above, the 'Volume Oscillator' indicator showed a positive reading 3hrs ago, indicating a looming, upward shift in the primary trend of the share price. In other words, the share price is now primed to shift upwards very quickly very fast hence the flurry of large informed buys at midday. For those new to professional trading, the 'Volume Oscillator' displays the relative strength of a shorter volume moving average to a longer one. Put simply, whenever there is a positive reading for the volume oscillator, there is strength on the short-term in the direction of the primary trend. If the volume oscillator is in the negative territory, volume is lacking and a change in trend is likely. That being said, the most important tools in the Wave59 suite is the Geometric Patterns(Advanced Pattern Building)and the Fibonacci Vortex which is substantially more accurate than common Fibonacci-based approaches. Unlike typical Fibonacci tools, the Vortex provides targets in both price and time, allowing you to predict both the time of a future turning point as well as the price it will happen at. In Echo's case, we are nearing the turning point (between 16.91p and 17.14p). So, stand by your beds, it's about to get pretty interesting.... And should an RNS land in the next 24-48hrs, then the rest will be history. An extremely undervalued stock with obscene upside. .

Yes that’s the best I’ve found, the same well then flowed 2000bpd last May! Although there are other commercial wells that flowed less. I have seen flow rates between 100-2000bpd and gas flows between 800mscfd - 9mmscfd, all from the tobifera, both Argentina and chili.

I don’t think you can use the Springhill valuation to assist with the tobifera, it’s likely the recoverable resource is totally different. Clearly the depth of the tobifera formation is large but we don’t know the lateral extent so volumes are unknown. However, Fiona did suggest the volumetrics in this well have exceeded the high case already. Bring on the flow test! If successful, this with derisk known prospects updip and down dip for further development drilling.

Its worth remembering the cost to drill and complete these wells is only $2.8m. With production facilities available in close proximity currently running under capacity, its easy to make even smallest producing reserves commercial.