Member Info for OilTrader

Nice little rise, awaiting the final results.

It’s a good opportunity to buy, so keep picking a few up, then it drops again. I can now actually see my exit point that will return all of my capital. It’s a shame, I would have liked to have said I’d help drill a few wells, pay for a few workovers, but likely it just got sucked into a dismal money sludge pit.

Yeah I can’t believe it’s dropping again, the oil crash and the covid has left this share in tatters. Surely some sort of recovery must happen. There’s been no recovery at all, just a downward spiral which seems completely unjustified. Investors are jumping ship and everyones is either trying to lower averages or get back to where they started. Some days I consider selling if it wasn’t for these workovers, well test and the year on year increase in gas/oil sales that we are seeing, combined with a hope that there will be a sign of the high energy prices filtering through to this share.

Quick look at the the workovers to Be conducted will give us an uplift of around $20 million, correct if wrong as it’s calculated mcfly. Add to that our current likely revenue of $15-$22 million, looking at $45 million. Add to that our potential in the ground reserves and well test to come and we will be looking at around 4-5p minimum short term I think.

Finals results any day now. Anyone going to the AGM on the 27th? Probably see the results 28th/29th. Can’t see there being any major issues, hopefully will see the revenue increase. Will they pay off the loans or put into the workovers is the burning question.

Can fault the guy, buys low will make a profit. Owns a big chunk of our company so keeping us afloat. Shows real confidence in the company from someone in the know.

Be very nice if we could do that.

How much are we worth as a company. Now that’s a question.

Let’s see this raise 1p on results, if it’s going to be around the 20-25 million revenue this year. Our pre covid level return, high commodity prices, upcoming workovers which are seeming so far to be successful and the possible well test result we should easily be trading on hype alone 3-5p.

Great info abzzda. Looks like it could be good results soon.

Yeah waiting on results. Will we see an increase in revenues. RNS surely due soon.

Buys showing as sells

Well decided to commence buying again. I have a good feeling about Echo right now. Another million shares I think. Not many compared with some but it will get my average down to acceptable levels.

RNS better than no RNS.

When do we return to pre covid levels. When are the financials due.

So when will we see workover news and well test news, this year, next year. We need to get this news from the board. We can’t sit here for yet another year with no info. It’s unheard of.

News in the next few weeks, let’s hope we see this anticipated rise. Workover news surely must be due to be released soon aswel.

So final results could be between 6th May and 6th June.

Still no final results, what game is this guy playing, surely he must realise we all think it would be on the 6th May.

We’ll just spent 10 minutes looking for the Echo webpage. Eventually remember Twitter has the link on.