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Investors, i would be wary of gregpeck7 posts as he is doing the rounds on numerous boards of companies he does not even hold shares in posting crap.
Investors, i would be wary of gregpeck7 posts as he is doing the rounds on numerous boards of companies he does not even hold shares in posting crap.
just when we thought we were recovering
ranger, i tried a google search for "ranger104uk", it never ceases to amaze me how many people use the same screen names across multiple platforms, i do hope those around you were over 18 ?, folks try the search yourself but remember you got to be over 18 to visit rangers sites.
Agreed, full marks to LSE, video quality superb, the content from ECHO a bit boring and as usual not informative over whats already known. Interesting there are not many on here lauding ECHOs part.
As for 1001 & 1004 by year end i would not hold my breath, latest RNS stated fracking by year end, no doubt 4 weeks or so of testing after that and i could well imagine more if 1001 is a producer so Feb seems favorite at the earliest for 1001 results, that is assuming it does get fracked at the end of the year, ECHO do have a propensity for changing timescales.
stix40, it was never my intention to be a lth however as i mention below i am not heavily invested so no great impact on me, i do believe ECHO will come good but that horizon seems further away than it did a few months ago, rants over.
I would agree the wider market is also down, but not 40% over 3 months, only one reason for this, and as for those calling me a deramper i am not, i am invested here, thankfully not heavily and i am only saying what the majority of PIs are probably thinking, our CEO told us initially testing of the first wells would be 1 - 2 weeks, that went to 2 - 3 weeks then 3 - 4 weeks, our CEO told us EMS would be tested well before November, yesterdays RNS tells us we are now looking at the end of the year (maybe), our CEO needs to realize that PIs invest based on the timescales she gives, we understand there can be delays but another 2.5 months seems an obscene amount of time, PIs get burnt when those timescales are not met, can you tell me what will prop this share up until the end of the year ?, certainly not the workovers.
As for those that ask why i invested i did not hear you saying do not invest a few months back when new investors like myself propelled the SP to 19p plus.
I am also kinda sick fed up with our CEO telling us she cannot tell us pertinent facts which she seems quite willing to broadcast at private meetings, might make one wonder if the small PIs are being squeezed out in favor of our new CFOs corporate buddies, at least that would be an explanation of ECHOs inaction when it comes to monetizing their assets..
CEO MacAulay fiddles in Antibes as PIs burn
Not sure i would buy right now, wait till December these shares will be considerably cheaper given ECHOs inability to capitalize on EMS & ELM. That off course assumes the date is not pushed back again, seem to remember being told EMS would be tested well before November, we might see that 5p yet.
Doubt either ELM or the WOs will provide much of an uplift to the SP and by the sound of it ECHO are in no hurry to frack either ELM or EMS as per below extract from today's RNS.
(Company expects to return to EMS-1001 and to co-ordinate that activity with the planned stimulation of the ELM-1004 ANTICIPATED to commence by year end)
I understand design & planning is required to get the best results from EMS but do wonder just how long they need for design & planning given they already have had months to look at this.
Such a wise attitude would mean not investing until results know by which time the boat may have sailed or at least left the dock.
Jobbinscl, does your post below infer you have no confidence in ECHO and the well tests to come ?
Oiltrader, i sincerely hope your prediction comes true as i hold quite a considerable amount of these shares but may i humbly suggest you are being a "tad" to optimistic.
I asked as this is not my "normal" share play, i am very much more used to jumping into a share after bad news so buying and holding an oil company is not my usual play, hence asking what we might expect, that said i have been over ECHO fundamentals god knows how many times and i do think this is a win win situation, if it turns out anything like your prediction i may have to re-think my investing strategy.
I would assume we should have the results from the first well tests later this coming week or at latest early the following week, assuming these results are positive and bear out the optimism shown by FM & JB would anyone like to give their opinion on how the share price will react, without being overly optimistic / ramping might we expect to see 3p / 4p of a rise, or can we expect more
Why are you spamming several boards with your thoughts, the BBC already mislead us no need for you to spam boards
Been watching this board since April and yes i hold shares, quite a few infact. Love all the ramping from egg & co and even the loathed cudd is getting in on the ramping act, my only concern is the bullying going on here, surprised LSE moderator allows this, either way its poor show & poor moderating.
If i strike 6 numbers my ticket will be worth a million plus in a flash.
Certainly looking at more support today,
Great time to top up, get in quick before it goes VERTICLE