Member Info for MrMarkyB

Be good if we could break 1p before any news lands.
Things seem to be picking up for echo, has been a tough time but MH on the ball. Be good to have a indication of the drill schedule for remaining TA drills

With that and if the update on debt goes in are favour should easily ride through this global storm, be nice to break 1p

We were waiting on the drills in neighbouring locations, can’t remember the outcomes of those.
With the current oil situation which will take a long time for good recovery, I would like to think gas exploration would be favourable now.

So we are past the date then Joe

That would be very good for echo, ref last RNS we only intend to sell half the oil in storage in April, a good strategy there

Some nice buying, looks like someone loading up

Drops my average too below 2p now in my ISA, nice

Just hoovered up another 100,000k shares @ 0.525 :-)

Joint account one each!!

lol

Looks like a deal been struck, OPEC+ alliance agree to cut 9.7 million barrels a day, hopefully prices should rise a bit now, every little helps

WT well said. People should stop crying and sell up and move on if they think this is down the pan.
I’m down a considerable amount, and yes bought more. My responsibility to accept the risk.
If Fi was still in charge we would be gone by now! With MH and his business expertise we still have a chance. The first TA drill was close, still being assessed, but 3 more to go
GLA

My thoughts exactly! If not suspended it should be near completion now. It’s my guess they want to sort out deferring debt payments first then release news on the well.
Hopefully there’s a global agreement on oil production drop today

Could see oil back above $40 this week

Check out the detail on the RNS dated 25th March, 26,000 barrels of oil to be loaded mid April, the price of oil is important to us. Let’s hope the OPEC meeting on Monday in our favour

Could see a surge today, OPEC called an urgent meeting Monday,

https://www.bloomberg.com/news/articles/2020-04-02/oil-pauses-near-25-after-trump-output-deal-causes-record-surge

Tricky to say really

Very hard to say, MH plays his cards very close, which is good, I am optimistic it did have a 70% COS.

If you check the RNS dated 17th they mention could suspend testing but not that they actually were. It is my guess that they are in the pressure test lock-in, testing was meant to start late Feb so 5-6 weeks have passed. We will have to wait and see. They may want to sort deferring finance payments first before announcing anymore. If there is an agreement between Saudi and Russia to cut output that could work out well for us

Just been looking on Bloomberg, fingers crossed