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Like i said last night whereis the one million from feb rns for new upfront contract

where is the money from all last years revenue ?

they say £50,000 left in uk bank what about any other accounts abroad ?

Shaml89 no they not selling 70 percent its 65 percent leaving us with 5 percent free carry

arahim glad you understand now can't believe it myself we should be on course to have made around 20 mil off these assets this year just as we would start to turn a profit we are selling beginning to think ranger was right

Think your mistaken arahim the only production is coming from santa cruz concession which we are selling for less than we have paid out unless you know something we all don't or show us directly with a link

Arahim

There is no mention of any other assets and if there was why is he not shouting about them to anyone who would listen ?

Also why would he let the company go so low and keep placing shares at this price ?

Also yes listened to the interview he said we have from the start of the year over 1 mil in bank then

then received another 1 mil in feb from new contract

dept down to around 5 mil from 12 mil

all going good production growing

Mh was also positive about this old rns see belowMartin Hull, CEO of Echo Energy, commented:

"The Monte Aymond project on the Palermo Aike licence, located close to Campo Limite and the Chilean border, is of great interest given its promising historical data and potential micro-LNG development plan which would involve minimum capital investment. It has limited technical risk, having already been tested and can potentially be exploited with an innovative, and low capital, route to market.

In addition to Monte Aymond, we look forward to the approaching well test at Campo Limite and to advancing the previously announced initial portfolio of workover operations at Santa Cruz Sur. Success at Campo Limite has the potential to materially de-risk other projects in the Campo Limite area. This may include follow-on exploration wells on other structures, appraisal and development wells, or bringing existing discoveries on stream as part of a larger gas commercialisation strategy for the Palermo Aike licence.

Echo Energy is once again entering a phase of enhanced activity as we progress various workstreams to deliver maximum value from our existing portfolio with a balanced risk-reward ethos, ensuring prudent financial management while also keeping our options open to further opportunities in the region."

Where is that 1m from the new gas contract in feb is that gone to the new firm to buy us out ? to many unanswered questions

Mh was is in control of the major share 70percent if he can't lead from the front he needs to step down

or get fired instead of ruining what should be a profitable company

30 Sep 2022 07:00

RNS Number : 2489B

Echo Energy PLC

30 September 2022

30 September 2022

Echo Energy plc

("Echo" or "the Company")

Interim Results

Echo Energy, the Latin American focused upstream energy company, announces its unaudited interim results for the six months ended 30 June 2022.

H1 2022 Highlights:

· Revenue increase of 6% to US$6.2 million in H1 2022 (H1 2021: US$5.9 million)

· Secured new gas contracts for 2022-2023 significantly above the 2021 annual pricing

· Total net aggregate H1 2022 production of 261,290 boe, including 48,600 bbls of oil and condensate and 1,280 MMscf of gas

· Continued to prioritise production opportunities with swift payback, a key component of the Group's overarching growth strategy

Post Period-End Highlights

· Agreement by the Santa Cruz Sur partners to a production and infrastructure enhancement plan to materially increase Santa Cruz Sur production by c.40% above average H1 2022 production levels

· Post period fundraising and conditional debt restructuring

Sorry i phone also meant work overs

Thanks same as what i am thinking in truth how can you not make profit with the gas and oil sales we have been doing then aslso the workers and the testing of the well seems we have paid for all the upgrades and used are money then sold on the cheap

What is your opinion on it all abzzba

The proposed Transaction allows Interoil to secure a substantial increase of its participating interest in the above-mentioned Santa Cruz Exploitation and Transport Concessions adding a significant number of boepd to its equity production against a convenient consideration substantially payable in kind and with limited dilution. The deal also results in an improvement of the joint venture ability to carry out actions for production increase through the incorporation of the former operator of the concessions as a new member of the joint venture, at the same time reducing the participation of Echo to an interest that better suits its current capabilities. The Drilling Option in turn adds opportunities for new exploration in Colombia with no financial commitment by the Company.

Echo Shareholders Approval

The Transaction requires approval at an Extraordinary Shareholders’ Meeting of Echo to be held within 25 calendar days from the date of execution of the Term Sheet.

Sorry 1.7 mil

Yes like how much have we spent on santa cruz in total with all work overs equipment and then to sign it over for 1.2 mil ish

The Monte Aymond project, located 5.2 km to the west of Campo Limite on the Company's existing Palermo Aike licence at Santa Cruz Sur, involves working over the Monte Aymond well which was drilled successfully in 1984, targetting a Springhill reservoir structure imaged on 3D seismic. The well successfully discovered and tested gas and condensate at an initial flowrate of 2.4 MMscf/d, and subsequently at an average rate of 5 MMscf/d over a longer 10 month period of production. Whilst this well was previously abandoned, the Company believes that the now improved local infrasucture and prevailing gas prices mean Monte Aymond is now an exciting commercial project.

In 2019, a conceptual study was undertaken by the then Santa Cruz Sur Joint Venture partners around the export of Monte Aymond gas with a proposed 2.6 km flow line and associated infrastructure to processing facilities across the border in Chile at a gross cost of US$570,000 and with an economic payback period of 3 months. This assumed a realised sales price of US$42/bbl of oil and a gas price of US$3.5/mmbtu.

Building upon this historical work, Echo has also commenced a feasibility study to explore the option for micro-LNG (compression and liquefaction of natural gas) at Monte Aymond which would increase the Company's ability to sell gas directly to clients in remote areas via truck transportation (a virtual pipeline) with the potential to achieve materially higher sales prices.

As an alternative to the micro-LNG option, the Company is considering the development of Monte Aymond via both the aggregation of the volumes of Campo Limite, and Monte Aymond via a hub development approach to potentially lower development costs and increase the returns from both projects and also a standalone development.

The Company also confirms that testing of the previously drilled CLix-1001 well at Campo Limite will be scheduled once ongoing COVID-19 travel restrictions in Argentina, including the country's borders remaining closed to non residents, have been lifted and that the testing of the CLix-1001 well, and operations related to the identified portfolio of proposed workovers and interventions at Santa Cruz Sur announced by the Company on 8 June 2020, remain operational priorities for the Company.

With these wells ran right we should be turning over 20 mil a year min

thought we had another well which showed promise

https://twitter.com/Brand_UK/status/1651841988252127236?s=20

that's what warren has said
if you want the link go on his replys not tweets hope this helps