Member Info for Denziiil

Starting to look like a monster

NY well done for contacting Fiona, and thanks for sharing.

just an incorrectly entered trade. it will be reversed within the next 3 days if it hasn’t already.

Courtesy of researchanalyst1,
Volume Oscillator and Fibonacci Vortex readings this morning point towards a progressive, resistance-free, run to 27.91p; an upward re-adjustment from yesterday.

This morning's RNS means that stakeholders are now awaiting two, potentially transformational pieces of news; one of which could land within the next 24 to 48hrs.

And for those unaware, the 'longs' currently hold the upper hand on the stock. So, ignore the 'head fakes' (buys showing as sells and false mark downs...) that might be used between 10:20 and 11:20am (witching hour..)designed to secure more stock for the market makers. To this end, expect the stock to close strongly above last night's closing price of 19.10p.

Crownpoint nearby tested their well for 10/11 days from memory and produced approx 1300-1500 bopd.
That's a lot of oil produced. I guess it depends how they are setup to be able to move those quantities.
Big money in the bank though.

Somm,
Volumetric estimation for x-1001 well.(Gaffney Cline) Springhill only.

P50 12.5 m net pay. STOIIP (oil in place) 45.8 MMbbls./ resources 11.4 MMbbls.
We've just drilled 20M Springhill & 120M Tobifera net pay/ 500M whole column. Pending testing this is may well be an incredible result.

These are very cheap wells to drill and several wells could be done very quickly.

Pre drill volumetric estimates for El Molino
(Gafney Cline)
P50 was 12.5m/ 11.4 resources (MMbbls)
P10 was 25m / 29.6 resources (MMbbls) for Springhill alone.

Springhill drilled 20m

Tobifera drilled 120m
Total column of hydrocarbons 500m
No estimates were accounted for Tobifera.

11MMbbls from the 12.5m expected is worth $69.8M Net to ECHO

Do the maths here people.

Rerate firmly on the cards

Always good to bank a profit Michael, but you’re so far off the mark, i’m not really sure where to begin.

Its that simple

Pre drill volumetric estimates for El Molino
(Gafney Cline)
P50 was 12.5m/ 11.4 resources (MMbbls)
P10 was 25m / 29.6 resources (MMbbls) for Springhill alone.

Springhill drilled 20m

Tobifera drilled 120m
Total column of hydrocarbons 500m
No estimates were accounted for Tobifera.

11MMbbls is worth Net $69.8M to Echo.

People starting to buy in now.
Numbers catching on and just the start.

Sorry Spike,
I’ve had a look through all of my saved info. I can’t find a split production across Sringhill/Tobifera. Might have dreamt it!

Crownpoint Energy.
SM x-1001 discovery well in Tierra del Fuego

https://www.theglobeandmail.com/investing/markets/stocks/CWV-X/pressreleases/992239/

When I get a chance I will dig out a nearby producing well. It does look like flow rates are approx 1/3 less in the Tobifera than Springhill for them.
Every drill situation is unique, but its a good data point.

Thats my understanding Big Spike, hence no ability to put Tobifera into CPR.
P10 high case estimate for Molino Sur.

P10 net pay 25M. 29.6MMbbls resources, 117Mbbbls oil in place. (Springhill)
$187M net to Echo. according to CPR.

Shakeye 100% correct.
Predrill estimates were for 12.5m net pay and we've drilled 10 x that estimate.(20m in Springhill and a solid 120m in the Tobifera) However I'm conservatively suggesting double P50 estimates is not unrealistic.
I think I will leave it to the test rig to prove anything higher.

You would have to ask the bod that Egg.
But as a guesstimate on their 50% share of production you probably around $20/BBL net, pre tax.

Happy to be corrected.
Flow test are going to produce some big money into the coffers that I don't think anyone has considered yet.

To note, Test rig will confirm the upside.

The predrill estimates from the well, were Gaffney Cline CPR and not internal.
12.5 M of pay and net $69.8M to Echo were accredited to Springhill and nothing accredited for lower Tobifera.
20M of net pay has been discovered (subject to testing) in Springhill and 120M in lower Tobifera.
So apologies looks more like 140M of net pay total.

Typos* Apologies

Focusing on :
22.8MMBBLS resources/
92 MMBBLS in place.