Member Info for somm

The more I read that RNS the more positive I feel about this well flowing.

Even if the flow is in the low hundred barrels I will be happy as Larry...relieved!

Another week to wait is gine by me.

Highlander1970

The explosives are fired from a gun, the holes in the perforated pipe are prone to blockages, is that better for you?

MMB.
If the flow is commercial the only blanks Echo will have will be blank cheque books. ;-)

WT.
Too right. Though no one will be 'required' to price the share price, that will be based on supply and demand, and will move up and down accordingly.

..factors to consider, they could be do longer flow tests because it's a gusher, it could be tight and they're building up the pressure, the perforating gun holes could be blocked and they're having to flush them out, it could be all good...we should know next week or so.

Fingers and everything else crossed for it to be flowing commercial rates.

The 300bopd well 10 miles away is a big reason why I'm invested.

Not quite so.

The equipment had arrived on site and the stimulations 'operations' had started.

That does not meant the actual stimulation fluid being pump in had started.

It would have taken them a few days to prep first.

We need to know what's happening now or the wine bills are going to get bigger!

£45K is a fair chunk at this stage of the game...………..must have had a large wine bill.

Cam - when Fiona said she hoped the sp would be double next year, from that point I consider anything below 18p to being down based on that comment.

Up 100%? when has this stock price been 4.5p? did I miss a drop?

BTW.
Note 'first'.

..at 18p

Why is this still down 50% on imminent news?

..since stimulation equipment arrived.

Hopefully no blocked perforated holes etc.

Will there be terrential black rain pouring down on us next week?

Thanks WT, which Company drilled the well?

The Laguna Maria well that flowed 300bopd from 4m, did it flow naturally or was it fracked and stimulated first?

Can anyone help with this? I can't find anything.

If this is released along side the stimulation/ flow results it could be because they will want to soften the blow if the two zones don't flow commercially. If the RNS is about the two 15m zones only then I reckon the news will be good.
I've noted more often than not this is what oilers do i.e. balance the poor news with higher production rates, payments etc blah blah, so will be hoping for news on the stimulation results only.

Imo.

Thanks 666,

18 days to TD and approx 52 days to complete the initial well operations.

Have they given an estimated drill time?

For every 20 million barrels of P1 oil net to ECHO gives a share valie of around GBP1.00 (that's from a gross 200mmbls of OIP discovered with a 20% RF).

The initial CPR will give 2C / 2P numbers etc. until fully appraised, which will be a few years away, providing we find commercial quantities of oil.

So imo we'll be looking at 30-50p in the coming months.

Of course there's always the 'potential' factor to add onto the share price to boot. imo.

''two zones''

It only takes a couple of weeks to frack/ stimulate so I'd guess they've been testing these two wells for a week...…..cos they're monsters! ……….. twitch #$% twitch #$%& more twitching …………..

How far apart are these two 15m zones in the 120m net pay?Just think if they both flow ...….any zones in the middle of them should too.....how many thinner zones (net meters) are there in between them?Oooooooo...................

...starts with ''we are pleased''.