Member Info for Goldigler

maybe get the gap at 485 closed today or early next week, limit buy in place ready for it.

Nm

530 gap closed, just waiting on 485 now 😊

Chartist2 - nice rise this week, but gaps to fill at 485 and 535, any thoughts?

Mind the gap at 485, just saying....

Retreat to close gap around 490 before 500 barrier is finally broken imo

So, why not sell up now and buy back at 21p....just trying to work out the best strategy

Any chance that the share price would crash to 21p once the new shares hit the market? Share dilution to raise funds usually results in a drop to the offer price

26th September is record date, so need to buy before 4.30 on that day

Thanks MO, methinks time for a top up :-))

So what is the date that you have to own shares to qualify?

Rebound at 37 ?

Don't stress over daily fluctuations, this is aim after all, expect a few dips before the test results. The well encountered over 40 metres of gas shows through the Upper Tobífera with gas peaks of over 195,000 ppm and a full distribution of C1 to C5 hydrocarbons. Pre-drill resources for the ELM-1004 well were calculated on the basis of net pay of 7-11-15m (P90-P50-P10). The determination of net pay from wireline log analysis with the complex mineralogy of the volcanic reservoir is, as normal in the basin, complicated, however initial interpretation computes around 14.5m of net pay within the section, that being towards the upper end of the range and encouraging from a volumetric and value perspective

Whilst we are waiting, a reminder of what we are looking at at ELM1004<br /><br />18 May 2018<br />Echo Energy plc<br /> Gas Discovery at ELM-1004<br /><br />Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the succesful completion of drilling of the ELM-1004 exploration well at the Company's Fracción C asset, onshore Argentina and a gas discovery for the first well in its four well exploration campaign.<br /><br /> The well has been drilled into the Lower Tobífera formation to a Total Measured Depth of 1,760 metres. The well encountered over 40 metres of gas shows through the Upper Tobífera with gas peaks of over 195,000 ppm and a full distribution of C1 to C5 hydrocarbons, as measured against referenced background gas levels of less than 10,000 ppm outside of the zone.<br /> <br />Pre-drill resources for the ELM-1004 well were calculated on the basis of net pay of 7-11-15m (P90-P50-P10). The determination of net pay from wireline log analysis with the complex mineralogy of the volcanic reservoir is, as normal in the basin, complicated, however initial interpretation computes around 14.5m of net pay within the section, that being towards the upper end of the range and encouraging from a volumetric and value perspective.

For what it's worth, I make NH load 535k bbls and Stride 675k bbls; so quite a range, I suppose Stride must have retained a fair bit of ballast. 525k over 15 days gives around 36k bpd, similar to load #19.

I think AK is scheduled for 1 week shutdown in September

Don't forget the dilution for warrants and options of around 86.5 million shares, approx 18%. So 42p reduces to 36p - that'll do nicely for starters :-))

I make it 525k bbls over 15 days, production is therefore around 35k bpd; long way short of the magic 50k bpd :-((

HK has transferred to Searover, draught 12.1m = 560,000 bbls approx

AS at 12.5m draught = 550,000 bbls, over 17 days = around 32,000 bpd. Nowhere near the 50k promised by end of June I'm afraid