Member Info for bobbbyrash

Hi Wizard

Just another quick link where Fiona stated about 3 million on a 'dry hole' basis to drill TA. Obviously we don't know yet as depends on depth etc but don't care if it costs 5 million if we hit 500million worth of gas !! :-)

https://www.youtube.com/watch?v=P240H2O9PZc

from 14min 38sec onwards

Hi WT

just to clarify what a well costs on TA. I know Fiona mentioned about 5 million dollars which surprised me as Will Holland said 3.5 million dollars in following interview. So we can presume maybe between the 2 figures therefore existing revenues and hopefully increased production from EMS and ELM and work overs will hopefully fund most of the drilling on TA in my opinion.

https://www.youtube.com/watch?v=aNkS18Fbf-k

watch from 9m 45sec he explains cost of drill

also big ideas that is why EMS and ELM are important to start producing asap to add a lot to our cashflow so hopefully all of TA is self funding, if we have enough now for 1 drill then roll on the oil from EMS (that is why these current activities are so important, not just for the asset NPV 100 million + but for the relatively quick cash generation which means no dilution further down the line) the more income we have the better for our exploration. we are in such a good position compared to most AIM explorers.

too many really but will get some more then can bring my average down and if need be sell a few on way up... I know there are no guarantees in anything but I think TA is a close as it gets in this business and Bolivia seems to be massive too, this will all unfold over time and hopefully Shell and Repsol drills come in and then things will get interesting in February!

agree with everything there WT. great company, great assets , Fiona stressed the importance of building the foundations of the company for solid growth and in my opinion they are doing just that. I ain't stressed, waiting for drill on TA but I think / hope the next 6 months are going to be very good for us with results, production, new work programme, possibly that oil play on TA in first half 2019, better understanding of the Tobifera... a lot to come. I hope the sp stays sub 10p until I can get more shortly... take advantage of this crazy price. GLA

Hi WT

EMS 1001 (La Bomba) was targeting 60 million barrels of oil just on original CPR estimates. NOT including the BONUS tobifera structure which is the massive extra find so even without the extra find the EMS well was by far the biggest and most valuable and important of the 4 exploration wells so yes it is taking a bit longer to test than we had anticipated but if a big part of the 500m flows with and without fracking then we are heading for a massive re rate from this price well before we think of TA. yes TA was the big prize originally but now we have another big prize hopefully just around the corner. even if its only double the original and we have about 120 million barrels (no idea recoverable amount) but it is going to be HUGE for us in the short term. more production, more income, huge resource, hopefully self funding exploration.... all looking very good.

thanks bigideas for the great feedback , I never once considered selling any, I wanted and still want to buy more if I can find some funds, I have watched the presentations and interviews many times and knew NOTHING has changed from the excitement I had and the fundamentals in the company. WEALTH IS TRANSFERRED FROM THE IMPATIENT TO THE PATIENT in the stock market. We just all have to learn to be patient, it is hard but the people who have researched this company know the score. I have said several times the work overs and increased gas production from C + D will help fund TA. Then when we hit gas next year the real party begins. I still think EMS will be massive and should roll into production very quickly if tests are good. I am still thinking a buyout in 2020, price ? who knows but I have my own ideas :-) we all know we are vastly undervalued at current share price. Just wait till the positive news flows starts again. BOOM (thanks again mm's for the recent drop because it made me buy more and more shares which I would otherwise not have done) so my reward will be bigger than I imagined. I was considering selling some after EMS but now I am holding all my shares till TA.. it is so close... GLA

same here, if you could ask about when they are testing LA BOMBA and will it be a turkey and trimmings Christmas or chicken nuggets? thanks :-)

you beat me to it Badger :-) also lets not forget the CSo85 work over she mentioned before in the interview has 25bcf of gas basically in reserves so with connecting pipeline we will get some nice extra gas revenue too very soon. Frac D will help pay the bills and help with exploration costs... Personally I think it is Frac C that has the big upside. exl. TA of course!!

abzzba Fiona mentioned when interviewed about the work overs that they expect anywhere between 20 and 100 bopd for the wells so quite a broad guess that is why I am going on the 60 bopd from CSo80 and similar for the others. no idea until RNS drops ;-)

agree , Fiona said about 60 bopd from CSo 80 so if we think 200 bopd from the 4 work overs I will be happy with that !! anything more will be a nice bonus.

TA seismic fully funded with last raise at 12p ! come on Malkis wake up, 7 million dollars saved was it through agreeing the whole seismic in one go, hugely beneficial to company balance sheet going forward.

it's called sarcasm Rose4 , it means we had good news about more oil but price goes down regardless.. but maybe just maybe we have bottomed :-) until someone sells 100 shares!! news must be due soon on work progress

If anyone remembers we shot up last year from 8.5p to 17.5p before being suspended so it will happen again but that is not the point, the sp should not be down here now. you say James that sentiment is low here at the moment, well that has been created by the mm's dropping the price every day PURPOSELY. there wasn't any bad sentiment when it briefly rallied up to 12.3p on 16 sep with buys pouring in and on 27 sep the 60k and 18k buy at 11.4p (my last tops ups were 11.2, 11.8 and 11.9) my last 10k! I don't have bad sentiment with the share, it all looks positive and I'm excited for the news to come.... what P*SSES me off is dropping the price even after days and days where we had steady buying and then it drops another 2 or 3% for no reason. I could understand your comment about "you can also lose quick money" if we had 4 unsuccessful work overs and EMS was a dud, then I would be the first to agree that the sp would be down here but the 4 work overs have been successful (we will know the number of barrels soon) and all still on track for ELM and EMS so why are we not hovering around 15p awaiting results?? I am extremely positive about the prospects for ECHO (that is why I have invested so much here) what I don't like is supporting the company from early stages and buying at what I thought were good prices only to see people getting in now sub 10p one year down the line. I am sitting on about a 35k paper loss (too scared to look) :-) we had a 141k buy at 14.1 on 21 Aug, 40k buy at 14.1 on 22 Aug so there has been plenty buying but regardless the sp has been dropping. I don't call that a fair market. Also I didn't see any 'bad sentiment' then!! People are getting in now way too cheaply in my opinion and that means on the climb up they will be first to take profits again hindering the sp as we all wait for our profits... never mind it is only a loss when you sell, I ain't selling one share until my initial 50p target when EMS proves up.... I can afford to wait but it doesn't make me any happier to see these games being played. These assets in Argentina are supposed to be 'transformational' so where is the reward for doing such a good deal with CGC? we are valued now less than before the deal was announced!! lets just hope true value comes out when our oil and gas proves commercial... the mm's obviously don't know we are waiting for results from EMS and that we have TA to drill next year. buy low and sell high folks! good evening all.

all these buys at 9.8 again and the price doesn't budge.... I hope Fiona is reading to see how p*ssed off her pi's are.

huge con and totally corrupt , needs investigating by FCA. AIM absolutely stinks. I can wait but that is not the point. 50% drop on hardly anything, that will need 100% rise to regain... there is absolutely no logic to this. The BOD should be buying at these levels.

I rest my case, 8k sell and down we go. still more buys than sells today but red we are. we didn't stay blue for long. nobody ever try to tell me the sp is based on supply and demand. I never believed that anyway, sp can't be based on high oil price coz that obviously doesn't benefit our income. If we have dropped near 50% in 3 months for no real reason then either the 19.5p share price start of July was way off the mark or we are now way off the mark. Either way one is wrong so mm's aint doing a good job of valuing our company at the moment.

since yesterday just after 2pm we have had about 70k of buys to 1.7k sell and sp up 0.5% can you imagine if we had that in reverse? sp would be down 5% again. that is what stinks, sp isn't rising when it should but drops immediately there are a few sells. IMO. time for cup of tea.

i don't want to claim someone else's 50p trade, it might offend them

50p trade was mine :-) joke.....