Member Info for bobbbyrash

I make it about £50k bought and £16k sold and of course we hardly move. Yesterday on about £10k sells we suddenly tank 9% even though the buys then outweighed the sells at the end of the day. 3 days ago we had £100k more buys than sells and finish up only 5%. So over the last 3 days we are up about £130k buys v sells but of course we are down. Anyone would think the market makers don't want the price to move. Q2 update very soon me thinks.

Thanks for sharing Linns! Looking forward to next reply!

"Campo Limite"
"The Company looks forward to resuming the exploration well test when conditions allow and reiterates that this project remains a priority 2020 growth project for the Company and its partners."

2020 or 2021?? Come on Echo get your act together!

15th April, ****e phone. Come on Echo, less of the bull and more action!

From 13th April RNS:-
"The temporarily shut in oil wells can be brought back online in around five days when global oil prices recover."

Where has the 15 days come from when previously they said 5 ??

These first 4 workovers have a value of approx $20 million excluding everything else! We should be 3p + easy now!

"These 4 initial opportunities offer a combined estimated value of approximately US $9 million in NPV10 uplift based on an aggregate gross cost of approximately US $1 million and fast payback periods of between two to six months. This uplift potential assumes a realised sales price of US $32/bbl and a gas price of US $3.5/mmbtu. The remaining twelve opportunities in the initial portfolio could each be capable of increasing gross production by up to 0.6 MMscf/d and 91 bbl/d."
NOW $70 OIL AND LAST GAS $5!!!!! COME ON ECHO GET YOUR FINGER OUT AND START DELIVERING!

We had MASSIVE volume after debt restructuring around 1st April. In all fairness we've only had positive news since then but I fully agree we need updated website, more Twitter info, more clarity as to what is happening and what we intend to do. It was June 2020 if I recall when we had the info on all the upcoming workovers to increase production. Has anything been started ? I believe in our assets at Santa Cruz and I believe have big upside there but what is happening to achieve this? We all know Monte aymond flows gas at commercial rates so why are we stuck at 9million market cap? Oil price has doubled, our recent gas sales price has doubled so why are we not 3p? Maybe all together now we can give the BOD a kick up the ass!

Count in my 2.5m . This company should be trading around 3p without Campo limite and Monte aymond and work overs etc. I mean what is happening?? Is CL an 80bcf discovery or what? Where's the testing! Where's the info? What's happening in Bolivia! Where's the shareholder value? How has the company lost 60-70% of its value in 3 months? (From a still ridiculous sp of 1.8p). Is our mate Mr Bessa still with us and if so what the hell is he doing?

I would be buying more rocklawn if I hadn't put my last penny in 2 weeks ago at 2.77p (which is still WAAAY undervalued!

Well said sea7 and rocklawn. As I said surely the large investors benefit more when the sp is 20p than taking over the company and destroying it for £300k 'fees' per year. What a joke. They want the sp up, that is why they invested at around 6p. Because they saw a great company with lots of oil and gas and saw the huge upside potential. Does nobody think that the other large investors would allow two blokes to take over the company and destroy their investment? I don't think so. About time we put this bull**** fantasy to bed and concentrate on the ongoing drill which is massive for us with oil prices around $75. Onwards and upwards and good luck to those prepared to give their shares away for 2.56p I'm waiting for 10x that amount next year!

Excellent email Linns. Please inform of any reply. Maybe an RNS in the morning with some much needed good news. This market cap is an absolute joke and it's about time something changed!

CNBC: Oil prices could 'very easily' top $100 a barrel, says former U.S. energy secretary.
https://www.cnbc.com/2021/07/06/oil-prices-could-top-100-former-us-energy-secretary-on-failed-opec-talks.html

Nothings gonna happen till results of well. If we flow 500+ bopd and we are still sub 3p I will arrange an offer for the company myself and make millions. Simples.

Not surprised at this market cap!

16az wasn't 'awaiting' an intervention, it was already underway according to the RNS. I don't know how long it would take but surely results are due!

From 7th April RNS:-

"The Company's first appraisal well, WR-16aZ, is suspended and is currently undergoing an intervention. Once the intervention has been completed, the results will be announced.

Elsewhere, the Company continues to execute a low-cost workover programme in its newly acquired Block XIB oil fields. So far, extra production has been gained, more than offsetting the natural decline of the production in Block XIB.

Are we expecting a production update next week and maybe it will include progress on the current work overs including 16az?

I take offense to V111JAS post from last night

"As some one mentioned earlier give it three years , and oil price c. $70 "

Someone? Really? King Bobby in future sir if you don't mind! :-)

Put it this way, if our next two wells this year are a success and it proves the concept and validates the team and company as a whole then with the cash flow we will be producing and the 8+ wells just on WR to go after plus next year's plan for BK11b then in 3 years time boffers £1 prediction won't be far off in my opinion. Because if oil prices remain over $70 and we start to increase our production substantially then Block energy ain't going anywhere and sooner or later the sp will reflect this. If you are patient enough then the rewards here could be massive!