Member Info for bobbbyrash

We have oil, we have gas, we will very soon be selling both and be cash flow POSITIVE. We have assets , we have an enviable acreage position in Georgia with major shareholders soon to be including Schlumberger! We are debt FREE! How many other energy companies on AIM are in our position?? Not many. What's not to like? I feel the period we have all been waiting for is about to begin!

Excellent summary there Linns! One thing I would like to add. Many companies (including sound) have/had WAY bigger markets caps WITHOUT a penny of revenue. Market cap is also based on your assets . If we have say a 100bcf reserve at PA and MA then the value of echo will not only be judged on production albeit I agree the future increase in production provides the cash flow to grow the business further. If PA and MA are a combined commercial gas project then I don't believe for one minute we will be valued under 4-5p .. this current sp accounts for nothing as far as I can see. Bring on the news Echo, we have been patient enough!!! :-)

Think I'm about £1.20 let's hit 12p first then it's only a 10 bagger to go!

Only need a 30 bagger to break even.

The 0.41 and above are buys and the 0.4 are sells

Thanks Joe! I liked this paragraph from the article.
"Yet, signs have emerged in recent weeks that Argentina’s once burgeoning oil industry is coming back to life. Exploration and development drilling has resumed in the Vaca Muerta, on which Argentina has pinned its hope for a petroleum-led economic recovery"
We just need news on Campo limite testing and the plans for MA and with a steady increase in production from the planned work overs we will be at the races again after a long difficult year!

OilPrice.com: Argentina Looks To Attract $5B Investment To Boost Shale Gas Production.
https://oilprice.com/Latest-Energy-News/World-News/Argentina-Looks-To-Attract-5B-Investment-To-Boost-Shale-Gas-Production.html

You are not alone samra! Don't panic because it's an absolute fact that with a tidy commercial gas find at Campo limite plus MA which has produced at quite substantial flow rates then we will be 5p in an absolute flash! Forget anything else . As ever it's just a waiting game for confirmation and numbers!

I honestly think a fair sp is the 8-10p range on completion of Schlumberger assets and oil and gas production commencing. We will be a cash flow POSITIVE business with amazing acreage to exploit!

Fingers crossed indeed Sea!

Are we going to see a blockbuster blue day?? Maybe ;-)

As we are seeing with Aminex and Solo, fortunes can turn very quickly! Zero to hero in days when the news hits.. Plenty of game changing news to come with Echo in the not so distant.

Yeehaa!

"As an alternative to the micro-LNG option, the Company is considering the development of Monte Aymond via both the aggregation of the volumes of Campo Limite, and Monte Aymond via a hub development approach to potentially lower development costs and increase the returns from both projects and also a standalone development".
The "aggregation of the volumes" quote is interesting!

So if Monte aymond flowed at 5mmcfd for 10 months of production and is only 5km away from Campo limite then after all the hints in the RNS's then things are looking good for a commercial discovery there. Maybe the gas field is connected ? What we need is test of Campo limite with numbers and size of discovery then we must 10bag instantly if we have say a 50-70bcf discovery?? Come on Echo, it's our time to shine!!

10p is circa £80 million market cap. Seems a long way off now but a few gas discoveries and increased revenue and not out of the question!

Any whiff of a commercial discovery at Palermo aike we will be back to 5p . It seems we are SLOWLY building a solid business here, we just need that all important confirmation and numbers. Good job I ain't going nowhere!

You have 3 options Geo! Buy, hold or sell. The Lang family and AF are buying, I'm holding so I presume you are selling. Shame you feel bloe is not for you, we will miss you. Good luck in your future investments!

Maybe I can. But I definitely won't ;-)

Astec, 30p is just a bit farther along the journey when we have even more gas proved up and more revenues. All in good time.