Member Info for ranger104uk

Not been drinking I'm afraid.

I work for a Well Intervention Service Co so the technical stuff regards techniques, time frames costs and outcomes I've got a handle on.

Jump across to Echo just had a 500mtr of indicated hydrocarbons. what did they get after their WI? diddly

Very similar hype some similar board members so until you get the stuff out its all wind and blow.

The latest RNS just doesn't read at all well. Most is a jumble of Feb 18th RNS. I'm with randomaxe here

The only new news is in the last paragraph regards the EIA

Luckyman2

not 24hrs has passed since you where spouting / telling us that 3mmscf/pd IYO

jings

Correct but you do need us to find the product get it out of the ground and get it to market.

Once there only then you can sell it. Until then the bean counters move figures around to raise the cash from investors to allow us to do our bit.

petroleumeng

I think the wording is intentional. These are only estimated "stimulated" figures. As you and I know until you have sustained flow rates post stimulation the figures mean very little other than bean counters.

This is not a high pressure well.

Sounds RNS will raise their SP but the flow rates are estimated "stimulated" flow rates which if correct will bring in $30M p/a less stimulation and refining and export to market costs.

Luckyman2

What formula did you use to come to that figure?

Did it involve a blindfold and a pin perhaps?

neonred

With regards the interview with MH. I'm never 100% comfortable when there is a CEO with limited or no technical insight into what the company physically does or produces. My own view. So the company is focused on M&A and financial.The plan was and is to have a 4 well drill program starting Q4 1019 this even before the results of the 3D survey work which they have ballpark figures for. So they already think they know where their going to drill and the money they require. The 3D will hone the drill locations down. But it might locate better opportunities which will make it easier to raise the money or another partner.

Egg

A "significant hydrocarbon interpretation" over 500 meters

Isn't coal a non mobile hydrocarbon?

It certainly wasn't oil or gas!

sounds like there are so many bitter people in here whittling away there pension funds.

V2cola Echo is and exploration company you think it made a profit? What does £600K mean? how many Drill days does that buy you? Producing oil and gas only pays the wages and with a GP like this not many. It allows Echo to tread water.

Echo is in the Business of finding oil and gas and byways of intervention stimulating old wells. The later is meant to fund the 1st until a big enough find comes along.

Larger companies set up such companies to limit their own exposure to more risky ventures. Too many dud finds can pull a big companies image down.

Here's where we are. Or most in here are

I've read back over most of the most prolific posters in here and bar a couple jings i'm surprised most still have money to throw away. Bet365 maybe keeps you going.

well V2cola doesn't look like the markets share in your interpretation of the report.

Unless there is a rabbit sitting in a hat

NYforever

Fiona was top of her class as a geologist and at the helm so choosing the wrong locations is a geologists and CEO's call.

Stimulation a coal seem and hyping the market is careless.

There are lots of things in the background that are positives but the final report is not imo.

Sell the 3D results fair farm in big style if their good. but this means dilution

V2cola

You think you made a Profit?

Nyforever

I don't invest in AIM at the moment. I've only said I thought about investing in Echo.

Reducing ones risk by doing the correct and their own due diligence reduces the gamble.

Most of the stuff written in here is self indulgence, once you weed out the rubbish there is some genuine knowledge that can't be readily found on the net.

I had a personal interest in the company at one point that's all

Totally agreed Chablard

No matter what happens now Echo will need cash or in another big farm in either way there's another extended period of pain still to come.

I'll still keep a watchful eye on Echo but I've got my hand on my hapenny for now

because I considered investing a few months back but held off.

I'm glad I did. I still keep tabs on things

Sounds like you'll be waiting a while to get back to evens.

I'm and OnG Engineer not a gambler

Be honest with yourselves, would you have bought into Echo after reading the latest final report?

I would have to say not.

If TA comes up short?

Deloughlin.. This can't make good reading for anyone who has bought in at anything more than 3.2p

See Fiona has signed this.

Doesn't look good to me. signed on the 25th

drip feeding like this can only walk the price down for one reason to devalue the company.

I i was someone thinking of farming in I would be looking to do it at the lowest point. Doesn't have to be for the whole company.

my other thought is how secure is the 3D data?

Tomrea the reason the SP has tanked since 1001 details finally came out was the BoDs had lead everyone down the garden path if not the yellow brick road.

Fiona was top in her class as a geologist surely she should have been able to tell the difference between coal and oil when it was determined that they had found a large layer of hydrocarbons. IMO

So is there a jewel in the crown as in TA? Or is that just the Wizard of Oz I hear?

It looks as if many have used Echo as a stepping stone as a means to have a wage as they look for better.