Member Info for bobbbyrash

code blue code blue, wait I need to change glasses... its still blue. maybe the 23k trade will send it up more eggy. we live in hope. well the people who want it up up and away !!!!!! the b*llshit phase is over now comes the construction phase building solid foundations for our skyscraper business , my bottle of champagne is at the top. only 300 floors to go! (that equates to another 40p on the sp) for those not so up to date with building techniques.

Just thought I would share this from another board. I couldn't agree more...

"What a weird place ECHO are at, great company, nice assets, income, potentially blockbusting news soon and paid in dollars each month. Should be 2.5x what we are today minimum. AIM same old messy casino". HERE HERE I say!!

print the permits, stamp them and sign them, there you go 15 seconds of a job... not 15 months. what a load of corrupt b*llshit it all is. IMO

I think we will bounce a bit now but this drop has been a total and utter p*ss take. How the f*ck can we be valued less now than any point in the last 12 months after the solid if unspectacular progress that has been made so far (spectacular coming with EMS results) increased production, better knowledge of geology for forward work programme through 4 drills, huge oil price increase since our CPR, potentially a massive oil find ready to be tested, huge saving on TA seismic.... so many positives this year and a totally unjustified 3 month drop even on days with more buys like yesterday... I've noticed many buys and price doesn't move and a few sells and it drops every time... then come the big buys (obviously mates of the mm's) stinks to high heaven IMO but it will turn rapidly when we least expect it

would love to know Fiona's thoughts on current value of company under 50 million mkt cap and what she thinks we should be at now. looking forward to new CPR which she said at AGM in June they were 'working on'

I've already posted on here in summer the 'vox markets podcast' with their tremendous charts claiming if Echo closed above 16p i think then they would 'absolutely fly' first stop 30p then onto 60p, well we closed at 17p 18p many times and did we 'fly' to 60p NO not yet! B+llshit charts both positive and negative, how can charts take into account transformational news or a duster, they can't so don't take any notice of them, good and bad predictions... these people just want attention. 60p will come here with results and oil not with a stupid prediction from Justin Waite. IMO

totally agree Foxestocks but do I have to wait until February? :-) Maybe oil price should still be 47 dollars and our sp might be higher coz high oil price doesn't seem to be a benefit to the company... strange games going on.

hey bigspike. according to what Julian says here I think the oil play in TA is already covered by a small 3D seismic.. seems like they are keen to drill this play soon..

https://www.youtube.com/watch?v=nyo5dchfZxc

from 12m 46 sec onwards he mentions it.

EMS could be our TE6 and worth hundreds of millions to Echo.... COME ON get the testing done :-)

good morning London. interesting post but I have one question for Sound holders who will know more than me. You say London that our market cap will go back to circa 19-20p (90mill cap) when we double our production as the market values production more than potential. what about valuing proved up assets without production? I am sure Sound are not producing anything yet but have a market cap of 375million GBP (which we all know has halved in recent times)! so I presume the market are valuing their 'proved up assets' ??? which will be the case with us as and when we prove up say 100 million barrels of oil (just example as no idea yet) with EMS. sure we will also start producing from it too but the value of Echo will surely be based on our proved up oil and gas to a large extent as well as production. I can't see in a million years if we double our production to 2000bopd with success at EMS that we will only be worth 19-20p ... we were 19.5p start of July with basically nothing proved up.
Please sound holders clarify my comments :-) Thanks.

15p malkis. always bought at the wrong time :-) but gonna sell at the right time. watched a warren buffet documentary the other night and you have to "buy low, sell high" like we all know but very few do it. That is why now is the buy opportunity at 12 month lows then sell next year or whenever we have success at highs... I'm sitting on a nice paper loss at the moment but know the big pay day will come. GLA

well done destroyer. i would think christmas has arrived early if i could get in at these prices. maxed out now with my near 600k shares. the only good to come out of the drop is i have bought a lot more and averaged down. so eventually i will have more profit. I have said it before and I will say it again, I aint selling one share until 50p ish then last ones at 1 pound. however long it takes I don't care. but when TA hits commercial gas 1 pound will be smashed.... sorry to lose you eggy!

good job we didn't release news of 3 dusters with the work overs :-) I thought I was quite bright in school . I thought that if a company had more production equalling more revenue and more profit (however small) that meant the company was valued more. maybe I learned everything wrong. maybe we need EMS to be a complete failure then the company value will go up to 150 million. bullshit games of the highest order. it is a piss poor advertisement for investing in AIM.. I hope Fiona reads this (not that I'm blaming the BOD) I hope the sp is brought up at the presentation no the 16th . it stinks like a dead rat. however one last lesson for folk, I invested a bit in Hurricane last summer at 46p watched it drop to 30p sold out a loss then low and behold it started a steady rise to over 50p again. morale of the story , directions change and sp can also rise.... HOORAY

All good with oil price and oil production from Frac D.

From RNS dated 23 April :-
"With oil now having been encountered in the CSo-80, the well will now be suspended while a project to install an electric submersible pump (ESP) is developed. Thereafter the well will be tested with a view to being brought directly into production using much of the existing oil production facilities at Fracción D. It is anticipated that production rates utilising an ESP are likely to be in the region of 60bopd for this well."

So as mentioned yesterday if we can achieve around 200 bopd from the 4 wells it will be great. Generating cash flow immediately!

Also EMS is turning into LA BOMBA GRANDE!!!!!! roll on testing and results.

my last post for the day "thank god" I hear you all say ! before you all have a go about constantly staring at the minute by minute share price I just wanted a wiser man than me to explain how we can have more buys today than sells but be down 4%,? how can since lunchtime we have had way more buys than sells and still down 4%? after a couple of sells the sp drops quickly, but after steady buys after buys after buys first at 11p then 10.9 we don't go up? since lunch we have about 60k of buys to 6k of sells and sp doesn't move. mm's letting their mates in on the cheap. corruption if ever I saw it. makes no difference to me, 50p is my still my first target it just seems to be a casino sometimes. good evening all :-)

Egg I am sure there are a few frustrated investors out there (Im one of them) but nothing has changed for me in the fundamentals of the company. The main reason I am angry with the sp is that it is allowing people in at a stupidly low price. I have borrowed and topped up 3 times in the 11's so I have nothing left to invest in Echo. otherwise I would be doing like the last several buys and piling in at this price.. It would be good to have a tweet of the picture of the rig at EMS testing to get us excited... possibly only a few weeks to wait until initial results then things can change very quickly (for the better we hope) :-) like someone else said maybe they want some initial results from EMS to shout about at the upcoming presentation on 16th , would be great!!

Exactly Nelson they have taken their time over this well as we all know this is the important one to get right. Everything else is just the icing on the cake. until TA of course :-)

Egg I don't know why you write the following :-

"My major concern right now is on the first two test zones for ems 1001. Why are they not taking fracking equipment at the time as surely the warning signs are there it will need fracking? "

If you read the RNS's carefully you would not come out with such a statement. We know it's going to need fracking at some point but obviously not the sections they are testing.... you worry yourself too much... let them test these first 2 zones and wait for plan to test the rest.

From RNS dated 21 June
"........with intervals of effective pay interpreted as being associated with the very elevated gas readings recorded over some 120m of the section. These are likely to correspond to zones of natural fractures in the formation, with additional potential from the interpreted hydrocarbon column likely to require fracture stimulation as is employed elsewhere in the Austral Basin. Initial assessment of the fluid type is a light oil based on pressure data, and results are very encouraging, but the Company notes caution should be applied prior to testing of the well".

From RNS dated 28 Aug
"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. The Company again cautions that log results in this complex reservoir may not be conclusive indicators prior to testing of the well".

So we have known all along that sections of EMS will need fracking and the 2 zones they are planning to flow test now obviously don't need fracking (possibly in the 120m section)?? And since the first RNS they have noted caution about the results until they are tested so that is nothing new... we know it is a complex reservoir. The last RNS hinted that they would take the fracking equipment at the same time as testing but obviously now they have a 2 week opportunity to use the rig so better to start testing now than waste the rig.... get some good flow results in before its fracked!!

it would have been neutral if 2 of 4 had success , 4 from 4 is success in my book. if you had been awake you would have known they will be fracking EMS ;-) (not try to create doubt in your post) !! yeah I'm on a nice paper loss but can afford to hold until it reaches 50p then steadily de risk. if it takes 2 months or 2 years doesn't matter :-) thats the excitement.