Member Info for MrMarkyB

I have not calculated it but sure I’ve seen various figures! From memory when we took on Argentina net to echo was $8m a year. With the WO production was increased I believe! So my $1m a month close to your data! Finals should tell as more. Hopefully shells drill the other side of us in Bolivia should reach TD soon

All good here noahsark, hope your well. Oh def still holding, it like you say bottom draw. Finals should be out soon, seismic going well and hope we get update on Bolivia soon. Bargain price at this rate, with cash in the bank, seismic on our assets and revenue I guess around $1m a month can’t believe the sp, so great to load up

Little top up for me today :-)

You say a fund raise! Maybe, who knows! But Somm said seismic would need to be extended by 2 months, but a third complete within a month! So you can never tell what people say here is right or wrong! Even what I say! Dyor best option

If you read the company documents CGC are the technical operator on TA, where we were for the previous drills. The additional WO's have not been mentioned, it's my guess they are concentrating on TA and Bolivia now. Existing production will be ongoing and improved. So saying all that we do not have a need for a COO at present, the CEO not been replaced so to me it looks like a cost saving exercise.
If your not comfortable with your investment and consider this a sinking ship sell up and sail away!!! It is that simple, I was always here for TA, the golden egg, but it's high risk high reward!!

I think it's to the point, one block complete, one to go (twice the size) and on course for less than 3 months! we could get a first drill in Q3 maybe and one in Q4

Seismic going quickly! Unlike what Somm stayed the other day! At this rate less than 3 months for completion, unlike his quite adding 2 months!! Good news

Your wrong somm

3-4 months was the initial estimates for TA seismic but I understand it’s going quicker than expected! If this is the case perhaps less than 3 months, having started beginning of Feb should be complete by end of April! Then it’s processing (which has probably all ready started) so drill ready for H2

Until we have the accounts published and update on revenue you can't say dilution!! money can be raised in other ways.....don't forget MH comes from Rothschild, could be a new strategy now......we just have to wait and see.

1200sq/km of seismic, original quote 3-400 per month so 3-4 months. But apparently it is going quicker than expected, at the QA I’m sure they said the recievers being laid out during day and shot at night, less wind! Add to that processing the data, which is on going, then they will assess and decide the drills! 4 in total, let’s hope we get one or two this year. Drill program being worked on at present, that will be scheduling all the equipment, test rigs etc, they will prob run back to back as before, I don’t think MH will mess about and will run a tight ship as a money man!!

Agree

The next important update are the accounts and operational updates! Hoping revenue covers running costs, seismic should be covered and from recollection 1 possibly 2 drills TA covered! Not 100%

I’m shocked by this! Makes you wonder what the hell MH saw in this company to leave Rothschild

Got to love a conspiracy theory.....

The bigger question with EMS is why only frack 4m! with the process they use in my opinion you could only frack the top 4m of the top 15m zone! If you fracked below all perforations above would be fracked at the same time! I can’t see how they can be isolated! And reference to Julian’s interview the source rock was not above from the springhill but lower in the Tobifera structure thus migrating upwards so that would suggest you would frack much lower down to get best chance of success! And if the Tobifera is no good, like u say, plug it off and perforate the springhill now, not just walk away from the well!! It does not add up!

Yep!! Seems fishy to me!! Will ask the question on Thursday

Why are they not plugging the lower section, tobifera, and perforating the springhill, the initial play here, conventional structures as martins states in the RNS, NPV10 to echo $114m at $47 poo, why just shut in????

I wouldn't touch coro with a barge pole

The recent large sells suspicious, does it take 5 weeks to frack/test 4 m