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What news will the next week bring. Let’s see how many workover RNS’s/RNS’s we can get over the next 6 months.

I regularly buy into Echo, mainly to reduce my average and to make a profit in the long term. I’m looking to buy but with the current situation I’m unsure. One hand a massive dilution with a substantial increase in shares coming onto the market and the other a complete reduction in debt for shares. If we think that we will open at 0.25 then it will most probably rise, as most of our debt will be converted to shares worth 0.45p if approved. This alone should propel us upwards. The financial risk for doing this must have been substantially investigated and accepted that in the long run even what appears to be a short term loss will be substantially viable. It certainly shows that MH and JP have a effective game plan.

Successful reduction of company debt for shares. Genius. Understandably a slight funding raise is a concern. Let’s hope we have sold it as a company that will increase significantly in value in the long term. 40% increase in production anticipated in the next six months. That’s great news if it comes in. CL testing oddly seems not to have been mentioned for a considerable amount of time, is it a duster. Let’s see how the market reacts next week.

Have faith the backend will drop out of it a bit more first. GLA

Time for the annual Echo sabbatical. I will be back on good news.

It’s a bit higher than that. 4p will do me.

Typical derampers, nothing to add to the board that is constructive. Share price will fail company will end no one invested for a reason. Have faith in the reason they floated not in your opinions, which are odd on a share board.

Had a little top up last week, such a low price can’t resist a few more. Q3 earnings and the 2021 annual accounts report both likely due in the next 6 weeks. Infrastructure upgrades ongoing and significant wells opening and intervention operations upcoming in the 4th quarter.

If it gets to 0p I wonder how many shares they will distribute. Production will always drop as reserves are depleted unless we keep it up . 30 workovers, we will see it rise. High commodity price cycle it’s the ideal time. Argentina has a shortage of gas producers so the demand is there. What we don’t want from the BOD is a sellout of what we have (wells, upgraded infrastructure, sales and good upcoming potential).

Now’s the time Joe.

The Santa Cruz Sur joint venture partners have agreed to a plan to materially increase production at Santa Cruz Sur.

Over a six-month period from Q3 2022, the partners will seek to increase production by ~40% above average H1 2022 production levels.

Apologies, well opening to add a further 240 bopd and 2 MMsf/d. And infrastructure upgrades will give us up to 600 boepd. Big figures. Should see a nice rise today.

Looks good. 40% increase. 30 wells to be brought back online. Infrastructure upgades to add a further 240 bopd and 2 MMsf/d.

What ever happened to crudehope, is he still on our board or Sounds?

Yeah been in a few oilers and gazers (ignore the pun) when they have changed the broker. Usually if I remember it’s after not too great news. Could be a reflection on the share price drop.

Whoops grammar deteriorating along with the share price.

Still dropping, surely are last bottom seen soon. Little top up when we are down here.

Well it’s not great $11.1 million expected. No change. No commodity price rise will beat this share. Quick calc -$16.8 million next year with no changes. Can see the market liking that.

Hopefully we will get a clear and concise financial opening statement update. Likewise it would be good if we could get the well workover numbers/names when we do each one. It’s tedious with so many, but knowing that say well xyz1 is being worked is quite reassuring.

Yeah say the annual results up to 31st Dec 2021 will be published by 30th of June 2022, which is next week.