Member Info for Denziiil

P50 for the well was looking at 12.5M net pay and 11.4MMBBLS (resources not oil in place). Net $69.8M to Echo.
Drill has discovered 500M net pay, with 120M looking producible.

Looking nailed on imo for minimum double P50.
That would put $139.6M on mcap.
Approx another 30p on sp.

Focusing on :
22.8MBBLS resources/
92 MBLS in place.

But you tell me Boom, could be 10 x P50 on test results.

Have to agree, Cervelo, I think L2 is shot again!

Morocco, LSE are a pain in the backside and can't manage the cookies on their website. Delete your browser history along with cookies and open up you the web page again. If it happens on your mobile at any point repeat same.

Looks leaky. Can't believe the big buys pouring in this morning.

Well result looking fairly nailed on imo for minimum double P50 results.
That would put $139.6M on our MCAP.
Or at current standing another 30p
Focusing on.
22.8MBBLS resources/
92 MBLS oil in place.

Buy Zone?

Great quote. It will come.

Good find Cervelo, Planned since last August

Also Cervelo,
Gafney Cline estimates net to Echo 11.4MMBBls equates to $70M.
But they were working on POO at $47.
Not sure how they came up with such a low figure. I guess a question to be asked.

Here you go.
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

Total 140m producible column, I would hope to see many multiples of 11.4MMBBls.
How many multiples now is the billion dollar question.

Completely agree with you Kiasor.
I’d like to see the $30M cash at hand spent wisely. and by wisely i mean test and produce from our latest drill as quickly as possible.

Not sure i follow you NYforever. What would you hope was landing?
Seismic next mate

http://www.oedigital.com/people/item/673-petrobras-discoveries

Starts to give you some idea.
300m hydrocarbon column success is drilled deep offshore.

Looks like the Market is waking up to the drill result.
500m column of hydrocarbons. Now just need to test it.

I've done a little research and the nearest producing well ( Crownpoint energy. ) They are pulling around 1500-2000 bopd from a 3 metre zone.
Also interesting that they drilled into the Tobifera approx 300m less than Echo.
Fingers crossed that this is as good as it looks.

And if we flow test anything close to those numbers, we can argue the toss on the annual income then. ;)

Tomorrow maybe. Sometimes that penny just rolls around for a bit !!!

Net annual return on 2000 bopd.
Somewhere in the region of $26-30M pre tax?

The nearby well producing on test 1500bopd. If we land that we’re absolutely laughing.

Would have smashed it by now, but the fundraise took us back down to 12p. So we start climbing again!

wow