Member Info for MrMarkyB

NY still got my £1 party ticket lol

We have an operator as 30% partner, they will have the Expertise and contacts in country to do the planning and ground work with MH signing off the works order. In the past we had a Chief Operating Officer but no more.

On today’s oil price & gas circa $3 btu, at production pre-Covid levels our gross revenue approx $25m, our current mcap £6m! Undervalued or what!!

Without looking back over the data/RNS,s this drill has a 60-70% COS, drilling up-dip of what I suspected to be existing Field across the border in Chilie, hence only 2km away. The fact they have stated waiting for equipment/personnel external to Arg when it is all prob available in country and the fact our operator prob has the kit has always led me to to think this is external verification.

The current oil prices make us stronger, production update really needed now.
This was negotiated with “certain” bond holders, I guess the major holders! They will agree and it forces the remaining to vote in favour or they won’t get shares issued in lieu!

Looks like it’s all but complete just mandatory process to complete.
Positive news, once complete the business can progress knowing it’s liabilities schedule

Abzzba, the WO pay-back in 2-3 months was when oil @ $46 poo, we are now @ $60 poo so less pay-back time now. With Argentina heading towards their Winter period you would like to think anything that production increases would be priority!!
Just have to wait for news!!

I was under the impression that testing (CL) was suspended due to waiting for equipment/personnel external to Argentina (Ref Border Closure), WO have taken place, check RNS’s, and no planned exploration drills unless we now stump up for the next TA drill. Any Bolivia exploration quite far away!

There is beyond reasonable doubt that we have plenty of upside potential here! We have much news in the pipeline, various plays in hand including production, work-overs, re-instating old wells, well requiring testing, Bolivia JV and I’ll say loosely TA (CGC not commenced drilling yet!)

Mid-cap some way off IMO (mcap £500M to £2B) maybe a year or 3! But can see much realism in quoted figure between 5-10p this year.

GLA

It must be very close. It would be great to get the sp into the pennies....
I have renewed confidence with this share, certainly a roller coaster....currently in the dip waiting for the climb...
GLA

Absolutely NY, balance sheet should be positive going forward, all primed for development and growth of ECHO.

Great gains on oil recently, will be great if we see operational update this week.

Very interesting data and realistic with current and potential revenue from our assets.
I see no reason why are balance sheet will not be positive and healthy thus allowing greater development of our current and any new assets.
Still amazed at our current mcap ! Surely a re-rate soon :-) GLA

Totally agree
I can see a good week ahead. I believe we are getting an operational update soon, possibly Monday

It has not been stated but I would guess in region $18-25.

With oil strong north of $57 (Brent) and Saudi cuts only just starting, as a producer will strengthen our balance sheet. Can see oil hitting $60+ sooner than anticipated.
Annual revenue must be in the region of circa $40m now gross .
News must be very close now! GLA

I must agree WT, news can be released for sure, our partner releases monthly production figures so why can’t we? It is amazing how options are suddenly released, but from memory in the cpr 24mil can be issued if a “member” brings something substantial into the business! No mention where the remaining 11mil options went though?

MH is barely replying to anyone at the moment, I guess he is busy and PI are the bottom of the pile :-/

I have said before why do we not have monthly updates from Echo! Very poor really

It was no doubt said “base” when his last options were issued circa 6p, dropped approx 90% to current option price.