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This price is low. We could be looking at a significant re rate when we start looking at our yearly figures. 2-3p on the cards, combined with production upgrades from workovers and a potential well test. Commodity price rises will give us that increased figure hopefully.

Anything is possible. Let’s motivate this board and get Echo flying high again.

If I make 20p back I’ll be happy

Well that’s it, Iv got the average I want going forward here. First target based on sales alone, 2p will do me. Then we await the well test? Surely we should be told if this is still part of Echos amazing strategy going forward? It would be a significant milestone. Then onto our workovers, again are these anything to do with Echo any longer? I wonder if Echo wages will reflect the increase in the oil price.

With commodity prices being so high surely we will see an uplift in the price of Echo soon.

Now, how do we build value here. Who’s are renewables expert. Why don’t we buy a coffee shop franchise and hook it up to the solar farm, free power. In all seriousness when do we get more info regarding our large number of oil well workovers.

Good call.

Still waiting for the pre covid drop recovery here. 4p here we come.

Well workover news should be quite often if you look at the number they are to be carrying out. You’d think they would be able to do them all in a year, with multiple workover rigs, or a few years maximum, including the well test we are awaiting. It would be good to see an outline project plan with well numbers/names and a timescale for each of the workovers. Unless of course each workover will not be RNS’d individually and we get a block of wells workover news at the same time. I guess it would depend on the scale of intervention and work carried out on each well, and whether they report each individual well. There is quite a few and a good chance of production uplift at the end of it all.

Happy New Year Echo. Let’s hope our worth will be realised this year. It’s looking good for news and hopefully we will see some real progress.

If your not sitting on a loss please sell and revisit on the pound party. Lol

It’s fine will top up at lower levels, another couple of million to keep the pumps running till we find the location for the wind farm. Lol

Buying in at this price seems a steal. A million shares is on the table.

Well $30 million will give a share price of 2p per year. Minus all of our outgoings. Add onto that a reserve volume value per share, which is not currently reflected and any increase in production that may occur. Looking good at 2p minimum short term.

A boe is 6000 cuft, so at $5 per mcf gas we would see $30 a barrel, at $11, $66 per boe. Obviously the oil we sell will be at the the oil price.

https://www.investopedia.com/terms/b/barrelofoilequivalent.asp

Great presentation. The 1700 boepd figure equates to almost 6x our market cap.

All those figures we had suggested a 2p minimum value, not including the reserves on the oil/gas/condensate fields that we need to prove.

Can see a multi bag from here when we get all our wells back online and testing completed. 6p+ here we come.

Well said ranger and HSG.