Member Info for bobbbyrash

thats what I am thinking luckyman.. maybe they know what is due!!

This is my last post now until we have fracking results. The only 'unexpected news' was Fiona going, its not 'bad' news, just like the 4 week delay is not 'bad' news. The oil is still there swimming about or whatever it does totally unaware that soon it will be pumped far away from its home and friends into barrels and shipped around the world! Martin Hull seems like the perfect guy to build this company and take us into a prosperous 2019. The market is wrong in this case coz we already have oil and gas reserves worth more than our market cap, plus cash plus revenue, plus TA seismic funded plus plus plus, so after EMS results the sp will still go to a level that corresponds to how big the find is. whether it is 20 million recoverable barrels, 30, 40 , 50 or 100 million... time will tell. I don't care who is in charge as long as they are competent. I am very happy with Julian and Mr Probert and Mr Hull seems like he knows his onions so yes the drop today is bullsh*t as usual but the only negative news from today is a slight delay... wake up people, patience pays. its not like we have had a duster!! we have hit a HUGE oil column, now lets get the black gold out and to market. GLA

well said luckyman. all is good and already still massively undervalued. we have nearly 4million barrels of oil reserves ffs and cash in bank and revenue and more and all the important stuff is beginning now!!

and buys flooding in at this bargain price

agree abzzba I think Martin will be a great leader with so much experience.

EMS is an oil play , a huge oil play, so lets get it out soon :-)

IM with you too Joe. Nothing has changed. maybe unexpected news and slight delay is always 'half' expected in this industry. Im sure Martin Hull will lead the good ship Echo to the promised land. Im also sure CGC want the oil from EMS just as much as we do... remember we are working with great partners every step of the way down there in Argentina. I liked Fiona too but there could be a numbers of 'personal' reasons for this, we don't know so can't speculate. Anyway I never expected any results honestly until the New Year anyway so nothing has changed there! GLA have a little patience. We are completely different to Sound.

38k of buys today and 16k of sells but down 5.4% !! ahhhh investing in corrupt AIM

like I have said previously , I don't mind waiting at all if the results are as good as we hope... if it really is 'transformational' news then it doesn't matter if it arrives tomorrow or January as far as I am concerned... obviously earlier would be better ;-)

recent RNS stated that the seismic would begin mid December so on track at the moment. at least we are one day closer to news...

knocks

surprise surprise the first genuine sell we have of the day knows the ask down. what a joke. roll on news...

all trades since 4:29pm on Friday (including the 6.4k) are buys... all showing as red. strange how constant buys but price drips down.

I for one will be happy when these b*llshit games are over and we get some positive lasting news from ELM and EMS. I disagree with you MrMarky about news flow. I think there will be plenty (assuming EMS is a success) I am sure there will be more work on increasing production from it or at least understanding the volumes. we already know they are doing more work overs on Frac D to get up to the 400+ barrels a day. Bolivia news I am sure will be close after hopefully successful drills from Repsol and Shell in about February.. plus we haven't heard anything about new assets for a while. At the start of the year they seemed to indicate that they were looking at many opportunities virtually on a daily basis so I have a feeling some news will be due on that when we least expect it. Presuming these 2 wells now are positive then I only see GREAT things in 2019...

and as WT says, the sp is only of interest to me when we hit gas at TA... if ELM and EMS are positive and we hit gas in the first drill on TA we will be nearer 1 pound share price FACT . it is just a waiting game.... but at the moment it is still 'if'...

depleted not deleted

The fact is the 4 'discovery wells' this year have so far produced nothing to Echo. ELM is awaiting stimulation, ELA seems to have been put on the back burner for the moment, EMS is awaiting stimulation and the last well CSO 2001 was deleted. So 4 wells and to date nothing. Yes we have had good increase in production from Frac D with a lot more to come in Q1 next year. Yes Frac D has commercial gas but to date no connecting pipe line as maybe its not a priority at the moment. So where are we? hugely undervalued still relative to cash in bank, proven oil and gas reserves and circa $10million revenues (which make a small profit).... so as we are all waiting for the next few RNS's with hopefully good news from ELM and EMS THEN we will have something PROVED up from the 4 drilled wells. I will be more than happy if ELM is a producer and EMS is a monster then it will have been worth the wait... so until results the sp will be up and down and around and around... but on success of both i see us finally smashing 30p and heading on to 40p and beyond... IMO

Im going for 1206 barrels (net to Echo) because that is the date of the EMS RNS (12th June) commencement of drilling and its also my birthday so can't get a better reason than that!!! :-) what an amazing late present I could be due!

I have no idea either abzzba but if the results truly are 'transformational' then that won't change if we know before or after christmas... patience... it seems so long since we had the good news about EMS in June! but we are nearly there.

Hey WT
I am fully with you there, I expect first results to be in the New Year, which is fine by me, it will start the year off in a positive way (we hope). I personally would prefer it that way. get Christmas out of the way then hopefully BOOM. we have waited long enough so another few weeks won't hurt as long as the results are as we all hope. December should hopefully start to rise in anticipation. Also if all is as we hope next year and we hit gas at TA (2 drills in H2) then with good EMS results and increased production from work overs and news from Bolivia then 400 million market cap is logical (10 bagger from here)... the drill will do the talking. GLA