Member Info for bobbbyrash

mushroom kid, I like your description of sp and bb being like the 'black ball' in a 147 break, however I would like to suggest it is more like the '100m final' waiting for the starting gun and Usain 'Echo' Bolt is lined up waiting for the pistol in a deadly silence then BOOOOOOM off he goes like a speeding train... we are close ;-)

thanks stix and abzzba. I thought we were supposed to have for end of last year. anyway pointless as you say WT until we have substantial new news to include.. maybe some news this week about the next work over programme on Frac D? supposed to be Q1 2019 and Jan nearly gone! let's get the news flowing ECHO!!

WT
it would be great if we get 1000+ bopd to increase cash flow as much and as quickly as possible. then obviously in time with another well or two the bigger picture will become clearer as to VOLUME!! I'm looking forward to the new CPR which if I remember rightly Fiona indicated we would have had by end of last year (I think she mentioned that, don't hold me to that, maybe I am wrong)!! anyway February onwards is going to be very interesting. about time! The last raise was at 12p! still massively undervalued but we need some positive tangible results now, not all POTENTIAL, POTENTIAL POTENTIAL.... back to F.A. Cup now :-)

Wizard
surely the most important thing is the size of the discovery? (obviously presuming the well flows commercially)! I would prefer 300 bopd with a billion barrels recoverable than 3000 bopd with only 6 months supply? or am I missing something?

quote taken from following just to remind peeps!

http://www.valuethemarkets.com/index.php/2018/08/30/echo-energy-ceo-macaulay-talks-recent-well-results-busy-work-programme-ahead-echo/

regarding ELM, our ex CEO seems to suggest it's simple..

‘This is a step-by-step approach, and you cannot plan for every contingency at once as it would simply be too costly to mobilise all the equipment you might need. As we are based onshore, we have the benefit of being able to wait and deploy equipment as necessary. At ELM-1004 it is now a case of simply getting the well stimulated and ready-to-go.’

thanks guys. but just looking at things from the other perspective then when Fiona and Will (last year) and of course Julian in their interviews are 'bulling' up the prospects of TA (one of the best exploration assets he has seen) Will said. and of course the excitement of the EMS results from the drill in June and subsequent presentations/interviews, is that not in the hope that more people know about Echo and the potential? to attract more investors? Im only interested in sp at the end of this year but let's hope this crazy low market cap starts to move north!! weeks to go :-)

Mr Marky and a question for others too so please feel free to offer an answer! I know many have said that Echo are trying to keep things quiet and I fully understand they can't use the term 'discovery' until hydrocarbons have flowed to surface but why should they not want a picture on twitter of the drill and operations whether or not they include a row of tankers?? surely they would want more interest and excitement and a higher sp leading up to results? appreciate answers so myself and other maybe novice investors understand the rationale!! thanks.

whenever the news drops I hope all those who have been/are selling at this price regret it... On the cusp of news from 2 wells, one a nice gas well that seems to open up the ELM area (so more potential upside) and the HUGE EMS... so why are people selling? why didn't they sell at 9p a few days ago if they are so desperate for their funds.. strange. are we all in agreement that future important news will drop at 2pm?

I've not bought a share either today :-) just for clarity.

it has been a long wait since last summer but the tide is hopefully turning now with a LOT of news to come in the short term !! GLA

the TA wells are costing between 2 and 5 million dollars per well, it's on the website in the TA presentation. and has been mentioned several times in presentations. as far as I am aware we have enough cash for 1 TA drill possibly 2 according to Fiona. but a lot can change before then, (increase production, some deal on Bolivia to maybe bring some cash in)..

Just a thought Wizard but if EMS flows like you say about 3k bopd and we are soon to shoot more 3D seismic over Frac C and D, would Echo be happy to leave it alone (even if it shows more structures on 3D? are we trying to increase production or just prove it up before selling the company? How many more drills would we have to do on EMS?

Just say 2 from 4 drills in TA come good, would we be developing the site or selling it all? Thoughts anyone. I thought we were supposed to be primarily an exploration company..?

Thanks Chez, I remember that being mentioned now last year when we were waiting for news on oil sales... hoping for news soon on the next set of work overs from Frac D, they are supposed to be in Q1! more production in the pipeline!!

jay I would hope they have already started, initially it was supposed to start about November then December now Jan. we must be due news on oil sales , cash balance etc for Q4 '18

news due any day for seismic commencing and EMS news probably first week of Feb..

I only said they could have a 'few' of my shares at 50p ;-) the rest they can have in the 100-150p range after TA drill. not long to go

and we all know it goes up like a bullet when it moves....! if the MM's want to collect some shares they can have a few of mine at 50p

well done Degsy. the only thing I am angry about is my own fear to trade it more. I could have traded several times with a small holding but I don't want to give up any of my shares for risk of it continuing to rise after selling some then not knowing wether to buy back in at increased price or risk missing out. I know when/if good results come this year I will be well rewarded but the patience is the thing... I am too eager to see the profit :-) come on Echo, us LTH's know the company has that little thing that dreams are made of.

https://www.youtube.com/watch?v=Mak2UsmBEs0

21min 50sec onwards.... over a 'couple hundred' million market cap by July... If it good enough for Fiona, it's good enough for me.