Member Info for MrMarkyB

Perhaps we need them more, boots on the ground in country. MH pulled the Santa Cruz asset out the bag, without that echo would be gone now, I’m sure he had a plan

Good news, considering a recent 1 TCF discovery in country, oh we have an asset there! Makes you think eh!!

I can never work echo out, surprised we didn’t tick up a little higher! Ah well plenty news flow to come soon! GLA

The buying recently has been unusual for ECHO, news must be very close, a few big buys which are not your average PI having a punt !!

Good start so far to the new year.
Oil doing ok keeping north of $50
Interesting article on Bolivia, need a farm in there with drill costs
Here’s to this being a turn around for ECHO
GLA

Well I’m really dumb founded here now, not sure on my long term position, need to plan an exit strategy!
Fed up with it!
Time to take a break from this board for a while.
Will wish you all a Happy Xmas and New Year (as best we can in this pandemic), will sit on the fringes now.
GLA

Joe, TA was the big lure for many of us, considering the seismic cost £7m, which is more than our current mcap it beggars belief really!

No idea why, we are told very little, my opinion of MH is dropping somewhat!! I’ve yet to see the company value increasing! Starting to remind me of the old Greg Coleman days with fund raise after fund raise!

Two raises three weeks apart! That’s a new one for echo!!

Not bad volume, SP holding well.
Brent holding $50+
GLA

Been refreshing my info on Clix-1001 well

30th Jan, drill complete Eagle Rig mobilised for testing

6th March, testing under way

15th April, testing suspended, rig re-deployed (due to Covid restrictions ref equipment & personnel outside of Arg.)

So I would say 5-7 weeks of testing performed.

Now looking back on CLM x-1 Eastern TA

12th December, drill complete

19th February, perforated, hydraulic stimulation and result (non commercial)

All completed in 9 weeks including hydraulic stimulation taking 2-3 weeks.

My point bring IMO would say it’s all probability, with 70% COS, initial testing shows commercialIty waiting on independent verification!

GLA

I guess much will depend on what the volume is! From recollection 1TCF has a retail value approx $1bil, so 100BCF around $100m. The high end target was approx 90BCF (I maybe wrong) but the drill log encountered shows at a shallow depth than expected! Migration maybe? But they have said they are excited! Hmmm, only an RNS will suffice!

Just imagine......”Echo Energy are pleased to announce commercial discover........” :-)

Looking forward to the week ahead, echo looks strong and surviving the pandemic ok.
Hoping for news this week to keep momentum going , 50/50 if we get any to ge realistic.
Oil strong and keeps the money rolling in along with the recent gas deal.
Onwards and upwards!!
GLA

I’m not in any rush to sell, have a few targets, but always good to take some froth off the top for some treats :-)

Agreed, I work in the aviation sector and approx 80-90% aircraft grounded with Covid, demand will eventually soar! Brent crude looking good $51+

So a bit of a list,

1. Wells coming back into production
2. Work-overs
3. Santa Cruz Palma Akai test
4. Santa Cruz Monte Almond Gas Project
5. Rising Oil Price
6. VAT rebate/reduced %
7. Bond note restructure
8. Tapi Akai
9. Bolivia asset

Anyone care to add more?

Hate to mention it as it leaves a sour taste in many mouths but sou achieved nearly £1SP/£1B mcap with bugger all production, just lots of hope!!
All it could take here is some good news with mass potential onwards.
TA was always the pipe-dream here, first drill did not flow adequate, but we were never told the volume!!
We paid £7m for the seismic so cannot see MH just giving that away and if it shows potential on the Western Cube we would be crazy to walk away

Soon be at .85p and that's my ISA break even point...will be happy bunny.....then profit

I've been in this share since the IRG days, not going anywhere soon....

Speaking to a fellow investor last evening, nyforever, my first target of .5 has been reached, lets hope we hold, second target 1p, lets get out of the zero point region..
GLA