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Yup, this is all getting a bit daft again, Interoil’s marketcap isn’t much more than ours and rto by cgc when they don’t even have shares declared in echo
Tcfs getting mentioned when their GIIP figures and the recovery is more in the region of 60%, of which we get 19%
Been here nearly 3 years now and don’t mind a bit of optimism but this is verging on EMS territory again
wouldn't be efficient to take the frack gear out for a couple of weeks while they flow test the lower zone then plug it for the next zone and frack that. Frack them consecutively and then demob the fracking equipment and then test both zones.
WT
I attended the Edinburgh presentation and asked the question about the fracking of the tobifera where she stated it was 2 x 15 metre zones that they planned to frack. Given that we were told that it was a 500m hydrocarbon column when they drilled it that spooked everyone, I asked the question afterwards about the original springhill target (that turned out to be coal) and she said there were gas shows but nothing significant, contrary to the "exceeding of the expectation" or similar words in the RNS.
A few weeks after that she was gone, it spooked me at the time but being already underwater it was more a case of hope for the best. Hopefully 2020 turns this around and whether it's Delboy levels of ambition or just a return to being in the blue instead of red then GLA
http://www.share-talk.co.uk/announcements/rns/echo-energy-plc/board-change/201906030700108478A You won’t be missed
Page 12 of that shows nearly £3m revenue for the first 6 months of 2018 and that was before the work overs, they’d used dollars for the revenue in the RNS of 12th September (for some reason LSE doesn’t show it and stated the combined oil and gas sales for H1 was $4.2m so should be on target for $9-10m revenue for the year The $10m approx figure was also mentioned in one of the q&a sessions iirc
Since for some reason it’s not listed on LSE http://ir1.q4europe.com/IR/Files/RNSNews/332781/EchoEnergy_14053301.pdf