Member Info for bobbbyrash

We had news last week Sarah that our oil revenue alone is $1 million a month. Did you not know? Strange for someone who follows the company so closely every day!

I can Hepseal and I'm sure many others do too. We are in the best position we have ever been in as a company. I was pleasantly surprised by this mornings production update as I was expecting slightly under 600boepd average. I know you were thinking 600. So the positive news this morning shows a very steady and consistent production in my opinion . So the next well is just about ready to spud and let's hope we can get 300boepd+ from this next well and we will be pushing the magic 1k with 2 further wells this year. With a bit of luck 1.5k could be achieved by year end. In the meantime we all wait for the sidetrack on the Pat E 1 well which will be an absolute game changer for us. Onwards and upwards with the SP at some point but rest easy that Block energy is finally delivering on the long term plan.

Pizza and chips cooking here Rocky!

Madman, when they offer me 30p in 18months time they can have mine. Not before the 1TCF of gas and she'd loads of oil are proved up further!

And peeps were paying 2.39p last October BEFORE we had a successful WR-B1az result and record production! The only way is up that's for sure!

150k shares bought and 110k sold and we turn red? Roll on the spud to end these bullsh*t games

Just what we want folks! We'll most of us :-)

I don't think the market has any idea yet how much oil and gas we are chasing with the projects 1-4. They are HUGE volumes of both. Infrastructure in place, supportive government, improved understanding of the reservoirs, profit making, the list goes on. The spud of KRT 45 should kick off the news flow . Steady move upwards will do nicely now!

So the next 3 wells are ready to drill. Planning to have them done by year end. I wonder what the production target is by year end. I would agree with previous comments that 1000. - 1200 boepd should be comfortably achieved. Countdown is on to July spud! Exciting 6 months ahead for sure !

Exactly hepseal. All progressing very well. Sooner or later with another positive well result we will take off big time. Pat E 1 sidetrack spud will get the attention of the market. HUGE volumes of gas down there!

Still here Rocky. Not much to say till we start cracking on with the next phase!

We are back to where we were BEFORE JKT results in January 2022!!!!!!! I mean wtf??? Just a matter of time!

I've seen many a good RNS released on a Friday. Can't be far off some news now on KRT 45 spud.

All aboard!

Hallelujah. We might be moving back up !

Paul, read the following.

"The Contracts provide gross 6.0 MMscf/d of committed production, 4.2 MMscf/d net to Echo, at an average price of US$ 4.33 per mmbtu, with the Company able to elect to sell additional volumes of up to 1.25 MMscf/d net to Echo under the Contracts. This optionality, at the election of the Santa Cruz Sur partners, allows for the potential sale of additional volumes under the Contract at Contract pricing whilst also providing the Santa Cruz partners with a degree of flexibility with which to capitalise on attractive spot market pricing".

The clue is in the word "commited ". The gas contracts are for a fixed amount at a fixed price.

Correct me if I'm wrong but we are selling our gas on a fixed contract. Fixed amounts for a fixed price. Who keeps saying we can't sell our gas??

"This is without doubt the best position we have been in".

I second that Madman!

Nothing to say Rocky ATM. Just waiting for the inevitable 100m+ market cap company. This current sp is just a joke. We are valued less than before we had the SLB assets, less than after we had the JKT results, just plain baffling. But the production continues and the money rolls in.

From 3rd May 2022 RNS

"In addition to receipts from Santa Cruz Sur gas sales outside of the Contracts (including all gas sales from the Santa Cruz Sur Oceano field), the minimum committed gas volumes under the Contracts (excluding associated VAT receipts and any sales of additional volumes, net to Echo, of up to 1.25 MMscf/d under the Contracts at the Company's election) have an annualised gross value of c.US$ 10m at Contract prices (c.US$7m net to Echo).



It is anticipated that the increased revenues arising from the Contracts will provide additional resources over the course of the Contracts capable of being applied towards the acceleration of the Company's operational priogramme to increase production whilst also being applied to the outstanding Santa Cruz Sur Joint Venture historical creditor balances. As of 30 November 2021 this Santa Cruz Sur Joint Venture balance is estimated (unaudited) at US$12.9 million gross or US$9.0 million net to Echo's 70% interest. These Santa Cruz Sur Joint Venture creditor balances are prior to Argentinian VAT credits due to the Company.

So $7m for gas (absolute minimum achieved) plus say 200bopd @$65 takes us up to about $12m per year revenue on the absolute lowest case scenario. That is $1m each and every month MINIMUM!!! Where has all the money gone??