Member Info for MrMarkyB

Totally agree with you there, here’s hoping we get some good news

The RNS did say the end of next week, so maybe end of the week after wire line logs run

The company completely differently run now IMO, in the past cash was burnt like no tomorrow!!
We are in a very exciting period, lets refresh
Drill 1 - currently being stimulated then test
Drill 2 - completion. TD, expected soon
Drill 3 to 5 - pending
15 Work-overs identified on new asset
Production and revenue update new asset
Bolivia

Plenty of potential upside

Plenty of news flow due over the next 6 months, hoping for some success on these drills ultimately they have to be commercial.
Market still very cautious, fingers crossed the first well flows!! GLA

With Palmero Aike on course you would like to think we should get details of the first spud on the Western Cube soon, oh and work-overs with Bolivia on the back burner......production/revenue updates would be nice but I guess a quarterly update there would be more beneficial.......................and what is our mcap!!!

A very good straight to the point RNS keeping investors updated on progress

Totally ageee NY, better chance of success than sou now, flogging a dead horse over there!!

It is interesting that they have taken core samples this time for further testing (100% recovered) such as porosity and continuity through zone.
What I find very interesting is that they will perform inflow testing then hydraulic stimulation and not straight to hydraulic! They have 3 zones at play and may not stimulate all. The Anita formation had 1,000,000 ppm, fully saturated which you would like to think would flow. From the 3D they would have an idea of the actual volume of the reservoir, throw in the elevated pressure it’s pointing very positive but the RNS written in a plain frank tone rather than a ramped RNS #transformational!
I guess we could get an RNS Monday/Tuesday regarding 2nd spud.
Roll on Q1 2020

Hopefully the spud in Santa Cruz still on schedule.
2020 will hopefully be a prosperous year for us! Fingers crossed....we deserve it

I have a mixed opinion on this RNS, I accept comments made but the limit on exercise upper limit was not in place for Fi's options from recollection. It does not mention who receives the other options (roughly 22mil)

For many investors in echo JP was our saviour when he took over IRG...I am thankful

Losing money is a hard pill for anyone to swallow but to constantly harp on about other shares on this board becoming boring. The fundamentals here have not changed, invest if you so wish, TA was always the big play, I am in, have been for along time and yes currently down somewhat but have confidence that I will eventually walk away with a nice profit. If I don't so be it......I would move on....life is short

Ultimately if sou had hot the gas it would be a completely different story. We are now in the drill and test zone......if we hit the gas great, if not....well we know the answer....however we have a producing asset with the drill having a 70% cos.....what more do you want as a case for investment......overall like any investment there is risk....are you prepared to take it.
By my calcs 1TCF would be approx. £200m to echo, so that in theory would return those in at 20p their money but many others a nice profit, the risk/reward buying in now very favourable...GLA

The potential here is amazing....yes potential....TA first drill sounds promising and we should get an update Q1 2020, this new spud at 70% is not a "wild-cat-drill".
Hopefully the market wakes up soon to this stock....

Nice RNS this morning, spud immenent, 70% COS, Pmean 68.5 BCF! :-)

An absolute bloodbath at sou, feel for them. They won't want to hear this but they should sell their shares and buy in here, a much better chance of cutting their losses!!!! Drill testing waiting, 4 drills looming, production and work-overs......
with 1,000,000 ppm, saturation, and 30% over pressure......not stated as a gas kick but we know that TA has had blowouts in the past!!! GLA

If you don’t see any positives don’t invest and move on! My investment locked in on what I read and the other company concerns! GLA

I believe the CGC drilling includes all their drills and does not clarify any further.
That being said I am optimistic with success on the first drill, as stated 1,000,000 ppm, fully saturated and don't forget at a greater than expected pressure by 30%, that's quite a significant pressure, if that suddenly occurred as they penetrated the trap I'm sure it would have been quite a kick!! GLA

If that is the case and we are successful it could increase revenue, from the admission document it states that the government will pay up to US$5.00/mmbtu for conventional reservoirs and up to US$7.50/mmbtu for unconventional or tight reservoirs.
We will have to see what news we hear, like has been mentioned probably by end of Jan 2020

Potential investors are cautious from echo's history, but the data looks promising, the real crunch will be the inflow test and stimulation....fingers crossed it's commercial flow and volume.
Let's not forget the near field exploration potential with the 2nd spud and hopefully a further announcement on work-overs
GLA