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Partridge our local troll bot, yes Argentinian government to pay $45 for every barrel of oil produced locally in this current climate to support their oil industry.

Well last recession they piled into the oil, wonder where it will go this time and if we will get any new investors in here looking for that multi bagger. It can only be upwards from here. Read the RNS, sent me to sleep.

Yeah I think they have put the company in a much better place for the upcoming few months. JP saves the day. Let’s hope we see an increase in share price as the oil price increases and assets start to come back online.

What we have is a business loan, this loan is used for drilling related costs, company running costs and well upkeep. What we also have a company that is producing oil and gas at a profitable rate under normal market conditions. When the oil politics are sorted out and this financial crisis starts to recover we will be in that good place again.

Well this is dismal, let’s hope our cost cutting measure put us back in profit, the oil price rises again, we can get loans and funding to drill our development wells, our CEO’s take a pay cut, our gas continues to sell and we have the funds to keep our multiple assets in production and a decent condition. I can’t average down/top up anymore. Bring on 12p.

Well Iv been on many wells that have come in under the commercial threshold to considerable cost to the operator. But I've yet to see a well with another zone we could test to bump up our commerciality. It’s a first for me. Must be something they want to put into production. Good news is that it’s been a cheap well to drill and it’s not over yet. We’ve proved up hydrocarbons and still a second well to test. If hydrocarbons are confirmed then we are doing something right that enables us to feed this information back into the system to get better well locations in this area. My top up is getting held.

Remember these Oiler’s usually shoot up a enormous amount when they get going and keep climbing through the news. Often for years till a takeover or massive sell off. It’s a fair few assets we got to start on and some fairly compounded areas that we are drilling on that should give us further revenues.

Probably too busy working out what the testing interval is going to be.

What a dismal share price, good chance of a multi bag or even a ten fold when we start seeing results. Plenty of upside here with all the drills upcoming and wells already in production. We might see that panic buying soon. Echos sister company Sound had a drop off before the Italian play discovery and that’s when the buying really started with the price shooting up from 8p to 26p on results. With this share price so low it’s hard to see how they could push it up so rapidly. Definitely trading well below expectations for an in production/appraisal oil/gas minor.

After being in Sound and now Echo for around 8 years, I’m pretty sure this share price is an absolute bargain. We’ve seen what great things the team here can achieve. Turning dust in the Desert into material assets and now grapes in the jungle into gushing glory.

4 well drilling campaign coming up, good results on all four wells could see us up to mid 20p’s+. As the drill campaign approaches and each individual wells are drilled we can see the price increases appearing. Now is the time to buy buy buy.

Top up time for me aswel I think. Good chance of a multibag up from here.

Argentina has price incentives for tight gas production. Prices 3- US 5.5mm/ btu up to 7mm/ btu in winter months.

Presuming that the market gas prices per TCF would be around the £1 per TCF mark.

With such a large area seismically profiled to potentially develop, our 4 well program should easily tap into one of these multi TCF structures. Close pipeline for easy link up and very cheap drilling costs should allow us to really analyse this area through exploration drilling.

Slow rise has started. Nice low entry for some. Drilling campaign upcoming and a decent start on our other assets.

Well there’s the first nail in the coffin for Echo Energy. Planning to buy in again even though seems slightly amiss with no reason for unable to produce. Was it tight, did they perforate again, why were we only producing water, can they frack. A multitude of questions that requires a conference call.

From oil share experience, not looking at calcs. 😂 No show- 20% drop and eventual recover on all other assets. Because we are trading very low atm Poor- +5%/8% rises Average- 16-25p 10/15/18% rises Good- 25p-low 30’s 18/20%+ rises for a few days over few weeks Great- £1+ 40/57% rises, eventually over few months with increased info up to a top end reserve, location, trading figure. Always pretty rapid, tailing off then belting upwards on further news

Probably right. Depends how many perforations they are performing and the length of each flow period.

5 million from one well. Drill more wells, get more money. Field size and the total reserve volume will determine that.