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Wow, we have the same cash balance as Sound Energy did. We could drill 26 wells and not bat an eyelid.

Still multiple assets to develop. Overall looking a good little company with fair share of potential, wells producing, workovers to increase production and significant development opportunities.

Yeah will be end of month for results, expecting a decent flow rate if we have such high gas shows. Wet gas can be difficult to test and may require a separator. Of course if we need to frack we could see a similiar price result. Can see Echo hovering around this price and then on good results heading back up to 17p+.

Cement breakdown could be sorted by light intervention, remedial cement job. But it doesn’t explain why we have no continued gas to surface, deliverability problem. Likely that they are only producing from the nearbore in those 8m. Requiring a fracture stimulation to achieve desired flow. Be good to determinine if Frac stimulation is normal in these wells as it’s fairly common.

Results imminent. Gotta be in it to win it. Delivering dreams in the jungle. Let the tick up begin.

Good flow rates seen in the Tobifera there. Similar results from these wells would see a real increase in the share price. So many wells here to work with to increase production on.

Great piece of info. Do you have anything similar for the gas wells?

Estimates can include that 20-30% of the well reserves are produced in the first few to five years which gives us an advantage when looking for a higher share prices. Gotta be in it to win it. With what’s coming out of the company RNS’s I’d say it was a good opportunity to buy. Although take care of getting burnt if it all turns out to be water.

Could see first well results as early as next week. Second well 1001 - light oil which trades at a good premium and well exceeds expectations sounds promising. Oil creeping up and dollar rate even more so. Here comes 40p+

If all the wells came in at the top end of anticipated reserve ranges the actual price per share would be fairly high, but you have to look at lifespan of each well. It’s looking decent but still a bit further to go to get some test results. Can see a good price increase from here if we get decent test results. Well 1001 coming in would give us a massive share price increase, but it’s down to flow rates, 1000-6000bbls/day would be good to see. But no sign of it yet.

Buys outweighing the sells, looking at a rerate. Big money coming in prior to all the testing results.

Good flow results could see a 40% rise on share price. Similar figure is often seen in oilies market after a high/higher than expected flow test.

Do any of the posters have an idea of our net company value of assets we have in place now we have some more info regarding each well. Doing my own calcs.

1000 Bbls a day. $27 million a year.

Share price will increase dramatically on flow test it’s they look good. 25p+ here we come.

Testing upcoming on the Echo wells. High gas and oil shows in these wells over good net pay footage. There’s a good probability that we will perforate in the right areas to see good flow results. CSo-2001 (d) 60m net pay 168,000ppm shows 30m pay Upper high estimates 19bcf EMS-1001 500m possible light oil column Massive potential here, above estimates 50,000 ppm gas shows ELA-1 8m pay gas Sidetrack pending ELM-1004 Gas peaks 195,000ppm Upper Estimates of 14.5m gas bearing No forgetting: -income from oil export sales -CSo-80 (Oil ESP pending), Cso-85 (gas to surface) and CSo-50. All looking good at Echo Energy. Can see this over 35p after good test results.

We were up at a quid, but Badile let us down. Now with the Italian assets offloaded I can’t see why we can’t see those prices again.

Time for a share buy back program.

And the drop back continues. This share price on news has been dismal recently.

News flow like that! It’ll soon be over a pound