The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Theres several reasons why CL hasn’t been tested yet, this isn’t a duster by any means.
Hopefully once they test it fully and prove the area it will help with the next stage of Echo’s development.
Until then we will have to wait for it to be tested. It’s my belief that some doubting CL will be surprised by the results.
I've sent the email up to martin regarding your idea. Hopefully he responds.
On this occasion i will decline being the interviewer as i feel it would be better if other shareholders engage with Martin so you get a different approach on the inteview.
Like I said previously Abzzba, I was only passing on some of information from the call that me and Martin discussed.
If you look at all my posts on this board over the years you will see i have never spouted lies from any call i have had with the echo team.
Any shareholder can make up there own mind or indeed get hold of the echo team.
As i stated in my last response i will not be sharing any information i receive from the echo team as it only upsets the apple cart on here.
hopefully in time we all do well from this share, if i didn't think this was possible i wouldn't be still here.
Thanks Eatstocks for the offer but im going to keep any discussion I have with the echo team to myself now.
I would suggest that if you want any additional info you are better offer emailing martin or if you have his mobile calling him direct.
Like i said Abzzba I am only relaying the information i was told. I will leave it up to you lot how you digest it.
To be fair I was only trying to pass on info as we haven't had much of it recently.
All this negativity towards me is unjust. In future when I speak with Martin I will remember not to post anything on here.
Arahim,
Im not sure why he didn't respond to you, he doesn't always respond to me when ii make contact.
Also i don't know what you have against me? I am probably one of the longest shareholders on here from IRG days so am only relaying the information i got from Martin which i thought might be useful.
I would agree with this Digitt, I think some goals need to be set in order for more dilution to be allowed., it shouldn't just be a freefall.
I've spoken to martin quite a few times and i have to admit he seemed more open this time, i don't know fi you got the same impression?
Abzzba,
I'm not really interested in what you think of me. I do not think im a big shot so not sure where that has come from. I just thought i would post my comments on the call i had with Martin today (im sure he would verify this if anyone wishes to contact him ).
Up to you which way to vote but just be mindful if the vote comes back no then im not sure where that leaves echo in the medium/long term.
Afternoon All,
I did send an email out today to Martin expressing my concerns with the recent rns and a few other points. Within 30 mins Martin called me and we had a very in depth chat about echo and the recent RNS.
Now I have always had Martins back on here as i believe the work he is doing to keep Echo afoat is far better than what Fiona did ( p*ssing it up the wall ). To be fair to Martin he was much more a person than a ceo on the call. What i mean by that was he sounded more passionate then I've heard him before.
Regarding this resolution, basically if we vote no this leaves echo in a crap position as we have to honor our agreement on the debt restructure deal which was agreed earlier on in the year. If we vote no and we do not honor this the company could forfeit its assets and echo wouldn't have much going for itself afterwards. Take from that what you will.
Martin also acknowledges the lack of PR and this is something he wants to address. I did tell him the time with the team is well received but he also wanted to point out he doesn't want to indate us with PR like Fiona did with broken promises.
The echo team do view this board and take note of the sp and its not a position they want echo in. Martin firmly believes in time this company could be a £100 million + but in order to achieve this money will need to be raised in order to achieve the goals he has set out.
Echo nearly went bust last year and now we are in a stable condition. with the current workover programme martin does see an opportunity in growth on this. 5000 boped was mention in the future but i am unclear if this was including monte aymond.
Campo drill is complex and this will be looked at, the problem with the well test is they need certain people in to test it which they cant currently get into the country. The contractor wants to use his own team and they are based in a neighboring country. Until Argentina relax this the work can not begin. also it is now winter there and the land will be hard. There were a few other bits aswell about this aswell.
Bolivia has great potential but gain funds are needed to kick start this, this will happen in time and the projects there looking could propel echo even further.
Now im not saying you take what I've said as gospel but Martin really did open up to me this time. Yes im still peed off about the SP and would like to see us in the pennies. In time after speaking with Martin i believe this could happened.
So i will not be voting NO on the general meeting as i want to see what echo can do going forward and hopefully give me a return that makes me silly rich.
Stevomining.
Think you will find this has been done before ( SAG ). The cult leader Trellis found a sticky end as he started to become a mini hitler.
ill be frank, setting up a general meeting will get you nowhere with small aim companies like this. best off riding the wave until you sell out.
In tie this will come good, just depends on how long your prepared to wait. ( I've been here nearly 8 years ).
Good luck.
The only piece of info i would disagree with on that statement is - There are 42 gallons (approximately 159 liters) in one barrel of oil. This is a unit of measure and does not always mean oil companies use this method as it was first defined.
An average barrel will now be between 199L-209L
Reading the presentation, looks like campo drill will be finally moving forward, hopefully Q3 after the workover programme?
Agree will all on here about the lack of communication. I can only put that down to tidying up behind the scenes and getting production back up to where it needs to be before moving the company forward further.
One piece i did take from that presentation was the money generated will be reinvested so no need for dilution. If they can stick to that then the company will grow further and we should see a steady rise.
Time to shine now for echo.
Also its refreshing to see no more podcast from Malcy promoting echo and spouting the crap he normally does. ( looks like hes not getting paid anymore )
It is expected that the first tranche of production to be brought back online will be from ten wells in the Campo Molino and Chorillos oils fields. This work to bring the initial production back online is expected to take around 15 days. When these wells were last online, the combined gross production was approximately 138 bopd gross, 96 bopd net to Echo.
Haven posted i a while but if you read the previous RNS it states the wells will be bought back online in around 15 days. I don't know why you would think there would be another RNS confirming this when they have already stated it in the last one?
Awell bought back online needs time to adjust aswell. Just because you bring a well back online doesn't mean you will get the correct flow readings, these take a couple of weeks to adjust. You will always get an increase of bopd for the first few days as the pressure has been building up.
I see all the rampers and tea leaves fantasies have gone, they will be back give it time.
In my view echo will come good eventually, Yes communication needs to be better but all we can do is wait.
I uses to be so fixed with this share it was crazy as i needed this to come in so i could achieve my dream. I have now done this off my own back so these shares are a free passage for me so happy to ride this out.
still sitting on a 1.27 average and haven't sold a single one ( although i wish i had a few months back )
all the best.