Member Info for somm

Ah the TPET days, 4-8 billion barrels OIP, gas plumes, oil slicks and not a single drop of oil.

Well well well I did say this week :-)

And about time!

Stimulation was delayed for 3-4 weeks on 15 Nov and then another 4 weeks on 11 Dec, which means stimulation should commence this week with seismic news to boot.

Double wammy RNS Ops Update this week then?

How long to stimulate 2*15m zones on one well and 8m on another?

Test tesults month end?

If these produce then we should have a nice CPR to chew on March or so. Imo.

HNY

Aye where is it, shiver me four ways and 1,200 km more...

And me rig, where's me rigging?

HNY me maties.

Coldspy

Shouldn"t that read 900 bopde.

And only approx. 300 barrels of that is oil per day for oil $? gas per barrel?

Plus you will have to take away all costs etc. so net to ECHO is probably less than $15K per day.

Happy to be proven wrong.

Last I heard production was around 2K boepd split 50/50 of which 600-ish barrels was gas equivalent to ECHO.

This number is increasing as and when new workover wells start producing.

Is that right? I thought they couldn't announce a discovery until oil flowed to surface, not heard about not being able to report on samples/cuttings etc..

Can you post where the law says they can not report on samples/cuttings etc..

Thanks.

Acoustic powder?
Must be heavy rock :-)

New CPR in March if these wells flow by February?

Last Wednesday we were told that the start of Tapi.. seismic work was imminent.

RNS tomorrow then?

"At this stage in her career Fiona wishes to develop a Non-Executive portfolio"What a lame excuse.There's more to this than meets the eye. Giving up 22m shares for 4m new ones and hundreds of thousands in salary for what, Director fees here and elsewhere?Very odd indeed, especially as she said she hoped the share orice would double (17p att) in 2019.They've obviously known about the rig needing repairs for a few weeks, imo, and so we'll have to wait an additional month, hey oh.

Is someone having a giraffe!

There's no reason for it with news due any day.

"25 m be at $60 is $1.5 billion! I will have some of that!!"

Not to Echo it won't be.

E.g.

25mmbls / WI 50% * RF 20% - Royalty 8%? * profit Oil per barrel $20? pboo = $? * GBP = / shares in issue.

What do you get using the above to Echo and the apprix. share price.

Question.
Echo are Perforating 2 * 15 meter zones in the Tobi..

Guess one 15 meter zone in the shallow 30 meter section and one in the 40 meter deeper (near TD) section or both 15 meter zones in the 40 meter deep section.

Some thoughts to help stimulate chewing the fat.

It's not one 30 meter zone, it's two seperate 15 meter zones I believe.

Stimulation on bothe wells will be done at the same time, probably a day or so apart.

Two wells three zones, got get one zone flowing surely.

I69

Unless there's another acquisition I don't see much happening with the share price for a number of months. I see the share price hovering around the 1-2p area for sometime so no rush (for me) to buy back in yet so I have invested my sell proceeds elsewhere and will be back later on when Fox is ready to spud etc.

Same has happened with 88E, now sub 1p, and they're waiting on a partner to boot anytime.

I'm all for MATD but see a better entry point next year.

If Springhill is estimated to have 60mmbbls OIP re 20 meters then wouldn't it be logical to expect another 90mmbls OIP from 30 meters?

lots of activity this month and we're now at the 3-4 weeks commencement stage, news imminent.

Months ago Fiona said she hoped that the share price would be double in 2019. The share price at the time was hovering around 17p.

And we know how conservative she is ;-)

Mr.

There is no delay.

The stimulation equipment is expected to be delivered in first or second week of December as RNS'd.

Egg,

It will depend on how much acid/ fluid they pump in to stimulate the well (e.g. one million barrels?) re the time it takes for oil to flow through, so it could take weeks to extract the fluid before we know oil is successfully flowing to surface/ pumped. Look at 88E, they needed at least 70% of the fluid extracting before oil could flow, which still hasn't happened (weather playing a part), was it a million barrels they pumped in? Our weather is ok btw :-)

''The Company is pleased to confirm that the equipment required for the stimulation of these two wells is expected to be available for the beginning of December and that a stimulation programme for each of the two wells will therefore commence within 3 to 4 weeks.''It sound like these two wells will be stimulated at the same time next month so hopefully a double whammy year end and with 3D seismic starting in December, and no doubt a product increase and revenue update we could have a good share price uplift for Xmas 18p+ Decembers end?

This was a potential money maker and still is, but I'm out for now, can't see my money sat here for 5/6 months doing nothing so have thrown the proceeds into Echo as originally planned on an oil find. Echo is cheap atm and with successful stimulation on three zones in two wells next month I hope to make up my losses on this stock there, will throw some dosh in here around April/May.

Was hoping lucky 13 would have come up here, but hey ho, though we did get the estimated depth about right.