Member Info for maqsood7

tick up due. 0.6299 ask now

buyers around today in anticipation.ask is climbing slowly 0.624

Decline from WR38z but production started from WR-16az.

Hepseal when we look at the oil and gas production section of q3 update rns,it says
The average gross production rate for Q3 was 376 boepd(oil and gas together).
looking at the data,we are retaining 50% of total amount as cost of production and split 50-50 as the profit with state.

means we will be having 376*65*360=8.8mil*0.75=6.6million.

Tight spread.
0.60 to sell and 0.612 to buy. Buys showing as sell.

Mcap 10mil.
No debt.
Producing 376boepd.
Revenue at oil average usd65=8mil!!
Will be making profit for this year!!

Company is trying to increase production with new wells and workovers.
If successful our production will increase and so our revenue will increase too!
Lets just wait for the flow rates now…….
It will turn good,not too ling now…….

yeah some sizeable buys started from monday.
today 21k,4k,5k,and 5k within 30minutes,maybe same buyer for those trades today.
seen some 5-6-7k buys from monday.

I am much more confident here and that is why holding shares and posting here.
i dont understand one thing that if people think this share is not good then why are they here??
why are they posting all day long?
why are they reply on every positive posts with negativity?
so many saviours these days.

this company is turning around soon.
we have seen in last few months how the production started and how they are putting all old wells into production one by one!
we had 290boepd in H1.
then we added campo molino into it and production reached 350boepd.
now we have added one more well into production which is producing 76bopd.
so our total production is 426boepd already!!
if 15 wells producing even 30boepd net to echo then we will be around 900boepd!!
and then campo molino remaiming 3wellss!!
800-1000boepd net to echo in next six months!!!!!!!!!!!!
our cash position is strengthening!
NEXT WELL MIGHT BE READY FOR PRODUCTION!!
hold tight.

Gang is still here.

Do people think here that it is just a day or a week job to bring all the well back to production?? Lol.
One is already online and producing at expected!!
Campo molino wells are producing at rates when they were shut in april 2020!!
Everything is hinting at great turnaround here and if people not getting that!
15 more wells to come online within few months!
P&L is going positive from negative!!
What else people need here?? Magic wand?? Lol
Next six months we will see sp is going much higher and staying there!
In next six months all our old wells will be producing! End of December quarterly update will be very positive and end of march we will receive a very healthy final results!!

REMEMBER ONE THING: ECHO WAS PRODUCING 2633BOEPD IN 2019!!
Just saying.
Dyor. Ignore the muppets,lol.

yes abzzba agreed.
we will be seeing production much higher.
i just put figure of 800-1000boepd so the vultures dont start jumping looking at 2600boepd.lol
from may this year,we have been receiving premium prices for gas too!!

bid is increasing with every trade here.
tick up is coming with couple of more buys and ask will be moving to 0.66-0.67.imo.

05 oct 2021 RNS
a further three wells from campo molino oilfield have been brought online. all the recently reactivated wells are producing in line with expectations.

in 2019 ECHO was producing 2633boepd!!
so if all the wells start producing in line with expectations then imagine where the sp will be in coming weeks-months??
i personally dont believe we will achieve the 2633 but yes
800-1000BOEPD IS POSSIBLE HERE.
IGNORE THE MUPPETS.GOOD TIME AHEAD.DYOR.

4TLT H1 2020 had loss of 1.6mil,and this year H1 profit of 0.4mil.Also 33% reduction in costs of sales this year!!All coming together nicely!All muppets will be buying much higher me think,because mms will take this higher suddenly.

Buy as sell at 0.6248.

We are in the third week from last update of workover.
There might be another well already producing??!!
Lets bring all the wells into production one by one!!
Good time ahead!!

Hoping for another blue day here.
MMs will take this higher before news!

That will be really good for us.
We are already in profit for current financial year.
Last interim showed profit of 0.4mil, and with oil going higher and higher and production increasing too,we will be seeing decent profit for this year!!

Our current production is sitting at 425bopd approximately,
If oil averaging around 75usd then our revenue will be 11.5mil with current production!!
If oil at usd100 then revenue will be 15plus million for next year!!
And if production increases which looks more likely than we will all be laughing!!
Hold for gold!! And filter the M*****s.lol.
800-1000bopd for next year me think with all wells operational!! Dyor.

Remember one thing, first resistance is at 2.10-2.15p here!!
With some good news arrives here,sp will be flying!!