Member Info for bobbbyrash

abzzba for us who know the company and have researched our assets and know our team, I am sure we are all confident. what is crazy is that people are being allowed in at this price. i watched interview the other again from last January and Fiona says we have 4 million barrels of oil reserves after completing the Argentina deal, if we produced 330 bopd since then (third in oil and 2 thirds gas production) then we still have about 3.9million barrels. if that is worth say 10 pound per barrel to Echo then that is our current market cap covered, excluding everything else, gas reserves, gas found, increased oil, full TA seismic funded, 20million+ cash in bank... this sp is absolutely ridiculous and I look forward to true value coming out shortly....

Thanks London!
I know EMS needs to be stimulated and it will hopefully be a success. They have obviously chosen these initial 2 zones to test for a reason. What is happening with the 'naturally fractured' 120m column I wonder?? I would have thought this zone would have been tested first if it didn't need fracturing ! With a potential 500m zone to test then no wonder it is taking time to plan. I would like to think it will all be a lot clearer in a few months. If it works I will be very happy too!! :-)

From 21st June RNS :-

"The Company will now take the time required to confirm the early interpretation of the wireline logs and design an effective test program with a view to confirming the scale of our new oil discovery".

here they were calling it a 'discovery' which I think then they realised they couldn't call it that until oil had flowed to surface.

from 28th Aug RNS:-

"The Company will also now work to finalise preparations for testing on the important EMS-1001 well, including the potential stimulation of select intervals which were interpreted as hydrocarbon bearing upon drilling".

Using the term 'important'!! So they know its a big one for the company.
This EMS well will be transformational whatever the outcome if it flows oil successfully to surface. From this pathetic sp a good result will see us in the 20's... if it is huge then higher. The springhill target alone was worth 60-100million to Echo (excluding the Tobifera) so if only the springhill flows the sp has to be 20p+ If the bonus structure flows then happy days.

I personally think the team are just being cautious until its tested. what more can they say that hasn't already been said... ? They would look like fools if they were spouting a large oil discovery at every interview and then it didn't flow. Best to be cautious then hopefully when the test proves it up they can shout from the rooftops! Just my opinion! Yes I agree , lets get it tested already!!! :-)

I've told everybody I'm switching off now :-) until 50p at least... but I will be keeping my eye on the board!!

It has to be as close to the bottom as it could possibly be, it was obviously going to go down again after me buying in yesterday !! but I have my shares and I am waiting this out until the glory days of TA. This company has to be the best potential 10 bagger on AIM from this share price. 400million+ market cap is the aim of the BOD and with EMS, BOLIVIA and TA excluding all our other little plays and oil production then I am waiting till we reach that target. the assets we have could add 2 pounds + to the sp over the next few YEARS not weeks so if you are looking for a quick 5 % then good luck. Im switching off now until next Christmas... patience will be rewarded here. for whatever reason we have dragged on a bit with this testing BUT if EMS flows and our BOD have prepared everything well then I can wait for the good news because after that this sp is only going one way in 2019. Then once the wider public appreciate this company then we are all in for a good year. GLA my fellow echo holders.

now it can turn blue every day! in with my last top up of 40k shares at 8.6p.... maxed out now... patience then we could be the next serica energy.

https://www.dailymail.co.uk/money/markets/article-6355935/Builder-wife-hit-38m-jackpot-making-slick-gamble-North-Sea-oil-firm.html

I watched the following presentation again earlier with JP and Fiona before Argentina deal was announced.

https://www.youtube.com/watch?v=Ncjs-_0aUSg

I know in the last few months we have all been disappointed with the sp action but I am sure 2019 will be the year that all the potential/promise starts to deliver. I think we have all expected fireworks too quickly and need to realise that the team have been in 'business build' mode as expressed recently. The deal we have done in Bolivia is great with practically no upfront costs and creating partnerships that will help us build. We need to hope that one or both of the drills either side of our acreage comes up trumps then our potential 1.75TCF structure over the Huayco and Rio Salado blocks will look very interesting for a major. Whatever Farm out deal we do will be good for share holders of that I have no doubt.

As was mentioned last week with the TCF's on offer at TA. it would be simple to think that 1 TCF equates to approx 1 pound on the sp on a proved up/developed basis to Echo... so whilst this year has been important to gain experience and see what Frac C and D offer for potential upside I think (excluding EMS) that the big plays are coming up for us still. I know we all want this christmas to be a good one and with EMS testing due then it still could be but next Christmas will be a far more realistic judge of the performance of the BOD. Everything they have done up to now has been laying the foundations for future success. We just have to be patient. In my opinion I still think the company will be bought out in 2020. I can wait for that :-) Everything about Echo is positive imo, low amount of shares in issue, 10million+ revenue, clear opportunities to grow production and hopefully eliminate dilution down the line, excellent team leading us, only small amount of debt, infrastructure all in place, wow I need more shares !! GLA

it has been low volume bigideas but that just sums up the past couple of months of stagnation... dare I say 'no excitement' it is not rocket science we just need these next 2 wells to be positive ELM and EMS then volume will pick up and sp increases etc... if Hurricane can be a 900 million market cap then so can we in theory. with a few gas wells at TA proved up... it is quite simple... if we don't have any big assets producing then the sp will be low, if these wells come in and the extra oil play on TA and then the gas then it WILL be in the pounds not 8p..... patience and trust in the people at the helm. we know what news is coming.... it is just a matter of waiting for it.

WT
agree with all that,
The fundamentals of a company don't change because of a few rainbow chasers selling. This sp has dropped because the market wanted it to drop for some reason, we had several days of way more buys than sells but dropped 2%... it doesn't make sense but then worried pi's see its dropping and bail instead of holding and the volume is low.. as soon as it starts moving up either on good news or before people pile in again and it shoots... but the value of a company is not relevant to these small buys and sells. this company is not an up and down traders share. it is a company being built into a mid cap hopefully around the 500million market cap after TA... once a company has assets proved up and producing the sp will be steadier as its easier to value. at the moment we have had some good success but only small fry... the big news is still due and yes its taking a bit of time but as long as the news is good then the sp will reflect that as and when. if the sp was 20p now or 30p it would not bother me as I would not be selling any so its just a matter of being patient, let the company build the portfolio then 2019 will be a good year. we have a clear path to growth and yes maybe we need a bit of luck along the way but I have full faith in the board unlike many other AIM companies... we have farmed in to some great licences at minimal upfront cost with huge potential, the deals we have upto now have been very good with a great partner in CGC and saving 7 million on seismic costs.. very clever and astute BOD and happy to hold until we hit gas at TA !! GLA holders and lets hope for some positive news soon :-)

nothing has changed only that things are slightly better than they were with increased production being confirmed and many more wells to come on Frac D to lift us up to 400bopd just from that 'old' oilfield... our current market cap is covered by TA seismic (around 13million dollars or pounds) and cash in hand (probably about 25 million still) so obviously no value being attributed to our 10 million+ yearly revenues, cso 85 gas (about 25bcf if I remember rightly), no value for ELM gas )ok needs to prove up), no value for our current reserves of oil , no value for our Bolivia portfolio, no value for TA potential, no value for EMS... massively undervalued at the moment, but please stay low as I can't get more in until AST sorts itself out... thats right a supposedly stable European country to invest in full of b*llshit corruption as Spain is with BKY , yes another stable European country to invest. you make me laugh when people think Argentina is causing the recent drop. I suppose we better invest in all those African countries or maybe the other half of the world with dodgy leaders and regimes.... wait don't invest in UK because of the uncertainty of Brexit... maybe I'll keep my brass under my pillow. This will come very good at some point. patience pays....

All I know Joe is that Fiona wants 45p+ share price by July :-) (valued over a couple of hundred million market cap) from her interview in July with Malcy!!

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

from 21min 45sec onwards.

I am sure plenty LTH's want that too! GLA

let's hope EMS is also so 'simple' ,-) frack it and pump that oil baby!

Hey WT

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

Just to re copy the link, Fiona suggests that the Frack of ELM is just a matter of stimulating it and its ready to go! IMO seems straightforward or she wouldn't have said it.

"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."

WT
very sensible post as usual! agree that we need to prove up ELM and EMS with gas and oil flowing to surface. patience is the key here. BUT what I and am sure others struggle to understand is how we can be valued at 19.5p start of July so close to 100million mkt cap. IF nothing was proved up then?? yes we had some exciting drill results then disappointment on testing but how can the 'market' decide to value on hype and potential one minute then the next minute they say "ahhhhh but nothing is proved up yet"???? If Fiona said we were undervalued in June at AGM at a much higher share price then we are definitely undervalued now. I am waiting whatever until we are mid cap. doesn't matter to me but the annoying thing is exactly what I have just explained... AIM games which doesn't make a good advertisement for AIM in my opinion. true sp will come here but that doesn't help people who are sitting on a substantial paper loss at the moment. bullsh*t comes to mind! if anything we are in a BETTER position now than start of July because we have proven up more production albeit only 115 barrels but we have more income now than we did then... roll on ELM and EMS and next year!!

v2cola , it sounds good but from last RNS it stated around 400 barrels is possible.

"A full-scale remediation project across the field could potentially see production levels of over 400 barrels oil per day achieved with a commensurate increase in contingent resources".

400+ barrels will be great in any case!

just what I was thinking nyforever but I am happy it is down a bit. don't be angry guys but I want to get more shares sub 10p and I aint got the funds yet.... people must be desperate for the money to sell at this price.... great company. great assets. totally undervalued with present RESERVES and revenue ... sssshhh don't tell the mm's yet until I can get more... 100TCF might be pushing it but 10TCF possible in my opinion!!! once we have enough revenue to fund our drills we can explore explore explore without dilution. then the law of averages says we will hit some gas :-) obviously if people can't see the big picture they panic and sell and take a loss. each to their own. GLA genuine holders ..

exactly Apache. EMS is a huge resource in its own right and if its a good producer plus the gas at ELM and the first workover on Frac D then 2019 production figures will be very impressive .....

think about it folks for a minute, wouldn't it be good if every well on TA was paid for with revenues. we drill and drill and drill until we hit gas or continue hitting gas. we could be on for 5TCF of gas on TA over the next few years. or 2 or 3 POUND share price!!!!! the company know exactly what they are doing increasing production and I am here for TA now we are getting close. I am on a huge paper loss but I am very happy with the big picture here. so many other AIM companies live on a dream and we have a PLAN

this production might be small fry if it was an isolated event but for us it is a great step forward and with potential of upto 400 bopd from these old wells in Frac D that is great news. this is not supposed to be transformational news ,, it is news to increase our revenues substantially over the next year so our HUGE upside exploration is SELF FUNDING and so the company doesn't need to keep coming back to the market with a begging bowl and diluting our shares. in that sense these are very important results for the long term, but of course the market hasn't cottoned on to this fact yet.

totally agree Joe, hope shell and or repsol drill comes in about February then sell it :-) what did Fiona say ? about 1.75 TCF in the structure? that's also massive.....