Member Info for passiton

When it comes to Texas oil wells ,in the Austin and Eagle Ford, mostly
naturally fractured and can flow like you would not believe.

Ya never know until ya flow

Was in an Eagle Ford Texas years ago, we all moaned ,ffs its a duster when they
reported a mere 6 ft of net pay, it flowed over 2400 bopd

On the other hand in a North Sea 600ft pay, very heavy oil, they could not flow
more than a thimble a day.........

Prolific area, big lateral , now we wait..........GLA

A reservoir in the Austin chalk could be just 20-50ft in the vertical, exposure
increased 50 fold via a true lateral 2,500ft v 20-50ft

Highly prolific area, you do not drill to such depth and then add a 2,500 ft
lateral on a more expensive HORIZONTAL drill, to gather fresh air.

That's what much cheaper , exploration and Vertical wildcat wells are for.

Bigger clue in the RNA message - 2500m Horizontal lateral through reservoir
PRODUCTION well

S m8
that 270m share trade dump the other day, we presume LO's final exit,
however

Vast recently acquired it's first EVER real II (Vice those called investors/II
p and d wonga financiers ) It put out a TR1 , then about 10 days later the
same holding had switched , on a share swap, same 5.53% now under
Barclays Capital (not the pi's nominee accounts)

LO were indeed, one of the few these days , to report their TR1's in a timely
and accurate fashion (next day on all) then NOTHING for the last tranche..

Wondering if a similar exchange has occurred here ?
strange they went from perfect TR1's to where is it?
GLA

No good about it, it has to happen, market rules in play, can not raise
at lower than your market nominal , which for ECHO is 0.25p share.

If not , they will have to go to the market for permissions to re value
via a share offset split , or a consolidation.

Binary bet, 8 bags or ?

Will not take much , with LO out of the picture , to recover back to baseline nominal
and above, just have to be , the usual , patience , patience and more patience
(Warren E Buffett)

All down to what the BOD, do next............GLA

Another twitter p and d , or ?

Probably only a Market correction , was badly oversold.

Holding well for a Friday, when imminent news seems , unlikely.
but ya never know , FOMO Friday / WNWTBOOTOTW in case, lol

Both assets have been having JV presentations and talks, Chuditch for over
18 months (since first mentioned) so who knows, some sudden progress ?

Be a very welcome thing on Chuditch but a surprise, with what is currently
happening locally.

Sunrise - Once more in Limbo, both Minister and Woodside talking Q3/Q4
study results and more talks, how to progress.

Bid round winners, still to sign their psc's, was due Jun/July LAST YEAR, then
extended to Feb 2023, still appear to be waiting for other issues to be resolved

Election this month, end May/June, should give more clue's to TL plans for all.
GLA

Dunrobin, as likely as any to be the next North Sea (non Gas) mover, been a few
the past few months, still the largest, known OIL discovery (200mbo+) left in the
North Sea , still to be developed. GLA

lol
broken clock syndrome

same discussion on Boil last year, Zak weeks/months it's going to breakout
when it finally did, your deaf blind granny could have predicted it. GLA

Bigger clue in the RNA message - 2500m Horizontal lateral through reservoir
PRODUCTION well

OR
A lower London consolidation first, 5 or 10 to 1 vice the 100-1 last time around
then apply the Nasdaq pricing requirements.

All of which could have been avoided, if he had got off his fat **** and promoted
the company , raising higher , not lower on success.

It is , what it is , D and D still in charge, BUT an ocean of oil, that will do the talking
ONE DAY RODNEY...........GLA

Needs a lot higher, many dual listed on the NASDAQ, are 2 to 8 shares to 1
London share, to meet the minimum value share price required on their
exchange.

Use to be US $2, (1.59p) No idea if that has changed recently. All usually look to have
a baseline higher, as if they fall below minimum , listing also evaporates.

Lets hope our usually pair of financial fcuk wits have a plan, to meet those requirements
get London to 50p, Nasdaq a 4-1 share set.

or even 25p and an 8-1 set.........wishful thinking and thinking out loud........GLA

See post on the driller on that board, real pro's.

Still low shares in issue and only £14m Market cap, it's always about MC
never sp (moveable goalpost dilution etc)

Plenty of clear BLUE SKY rise, available to Mirriad on progress/Milestones.......GLA

GL Dickie, have friends who have had same and Glaucoma, all pretty
much have said same, post op, best vision they have ever had.

Yes long since and as they have further drills planned in both the
USA and UK, with a low share issue holding hands with that £3m
MC , it's gonna go big, subject to the King of rug pullers and placings
David Lenigas , intentions moving forwards.

PPP been building since pre drill, MAIN MARKET, low shares, ultra low
MC and USA phase 1 around 10 2,500 lateral Horizontals wells , plus
HH-3 Horizontal in the UK later this year

One for all investing, short, medium and the dying breed of Investors (lth's)

As said many times, ECHO is listed as a 0.25p share, so has no choice
but to pump back to above that figure to raise funds.
or
Restructure it's share base, share split/consolidation.

Good news with the mighty dumper gone, should see recovery to the
share base nominal value 0.25p and beyond, for the wonga's to make
nice easy profits, so they to will also like to see 0.5p from a nominal
placing (or above lol) GLA

Place your bets, at least 8 bags ,or ?

Take a look at the trade recap page for Vast on the REAL LSE
you will see when they forward sold ,into and down from the
highs.

Same on all shares, sticks out like a Donkey's Dong..........GLA

And you like this sites Algorithm that punts , buy, sell or Unknown, on all
YOUR GUESSING also.......GLA

Worthless figures Mag
all based on a 100% BEST GUESS ,on each and every TRADE

Unless they changed plans, the long term plan was McRae the ultra experienced
USA boots on the ground. Drilled several hundred wells, pro's in the field
flow tests will give the yeild, this could get crazy, with forward plan for
more wells,USA and UK AND currently a Market Cap,down in the flooded basement

It's always about MC , sp for investing today/traders, MC for Investors
in for the journey, not just the next spike. GLA


McRae Inc. is a family owned and operated business with more than 60 years
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McRae Inc. has developed tried and true drilling methods many competitors
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