I am reasonably confident that I will get the bulk of my money back hopefully all and a nice profit!!
A sniff of commercial on PA and the sp should recover well and this new project , Monte Aymond, could be very good.
It is worth everyone reading that RNS again. Strangely the RNS gives flow rates but nothing to quantify 1P reserves.
Perhaps that will be re-tested at the same time as PA, being that it is 5.2km to the west of PA. Together these could be extremely good for Echo.
My SIPP holding average 14.5p think my ISA around 1.1p. Only top up ISA now as can access that now, another 8 years before I can gain access to 25% of my SIPP. A combined average of around 5p to break even.....fingers crossed
We must remember the COS on PA was 60-70%, being up-dip of existing discovery ( I read this as being a discovery over the border in Chile, hence drilling close to the border) but the areas of play higher (lower in the ground) than expected. Much depends on migration and structure which we are not privy to, and now with this new area of interest on MA with a hub, the recent acquisition on two compressors we could see some very interesting developments soon.
The Mcap so low but we must consider debt and the deferrals this year.
GLA