Member Info for tombi1

Excellent and on schedule

on the 14th of may echo tweeted ,
Progress on the pipeline infrastructure continues with some sections now delivered in field and installation progressing on schedule .
So from that i would take it , they had been been at it at least a few days ,
from the 14th it is 35 days if they had been at it say 3-7 days before that tweet , and they said 45 days , anytime from Monday i would suggest the 45 days are up ,so look out for volume increase ,anytime now if still on schedule

You would think there would be a demand from r these stocks at present
$100 Oil Predictions Soar As Analysts Warn Of Supply Crisis

Incredible demand,” inflation, and shareholder pressure on oil supermajors to drastically cut emissions could lead to an oil crisis within three years, with very high oil and gasoline prices, David Tawil, president of Maglan Capital, told Fox Business on Wednesday.

Tawil has been very bullish on oil for some time, and thinks that the prices could hit $100 per barrel soon.

In the near term, oil prices have more room to rise, both from inflationary standpoint but also from demand standpoint, he told Fox Business.

Oil prices are set to rise “consistently and considerably now into the end of the year,” Tawil said.

Moreover, supply from the oil supermajors could be also coming off, due to shareholder and environmental pressure. In the United States, the Environmental, Social, and Governance (ESG) concerns, as well as the U.S. Administration’s push toward renewables and away from fossil fuels, would also contribute to lower supply and lead to a supply crunch in coming years, according to Maglan Capital’s Tawil.

Yes it wont be in the background now , they cannot just rns they are doing it, market I expect will like it

Resolution 6 in case someone does not know

Echo Energy PLC said Wednesday that a resolution that sought to authorize directors to allot equity for cash failed to pass

Echo Energy PLC said Wednesday that a resolution that sought to authorize directors to allot equity for cash failed to pass at its annual general meeting.

resolution was backed by 56.05% of votes cast at the meeting and didn't meet the 75% threshold it required.

So they cannot dilute atm

Joe at least , it shows many not convinced with his contribution

Shame we cannot go , will be able to do face to face questions, next agm I expect ,, over $74 a barrel oil , a gas premium as well , all things are in our favour at the moment

Because not enough people vote , board need the buy more to get these things through, I won’t hold my breath

Resolution 6 did not meet the requisite 75% voting threshold for that special resolution to pass., the rest passed

Yes a nice little rns to go with today’s agm will be good , get us back on track

Yes I think anytime now, they will be keen to announce it

Oil and gas prices still rising ,

11m , so why is our mcap lower than that , what does the market not like us or are we just going unnoticed

can we work of costs from previous years and oil price then and now , oil has risen a lot his year surely they can make it work

yes 10-11 mill cap is very low

it would be good if anyone more astute , can do there own guesstimation figures on what extra cash this might generate when the pipeline is finished

i think that is most of the highlights , if anyone cannot or did not see it

The installation schedule remains on track and in line with the announcement of February 2021. To date a critical upgrade phase of the larger project has now been fully completed, with new infrastructure now installed at the Campo Molino field connecting individual well collectors to the larger field manifold. This section of the pipeline is now undergoing commissioning before becoming fully operational. This section alone ,will enable upto ten oil wells to be brought back online in both the Campo Molino and Chorillos fields. When these wells were last in production in Q1 2021, the combined gross production was approximately 100 bopd (70 bopd net). These wells in the Campo Molino and Chorillos fields represent the initial phase of the total programme. As previously announced the total additional gross production of the wells expected to be brought onstream is expected to be in the range of 480 – 600 bbl/d (net 336 – 420 bbl/d

n our RNS of 24/02/21 we provided a target of what the boepd would be once all the wells that were shut-in last year, are restored to full production. the target we gave was anticipated that once the pipelines are fully operational, gross daily liquids production will be restored to levels of between 480 bopd - 600 bopd (336 - 420 bopd net Echo). The actual level of production resumed will be dependent on reservoir behaviour and pressure build up since this element of production was shut in in April 2020. The actual level of production resumed will be dependent on reservoir behaviour and pressure build up since this element of production was shut in in April 2020.Given uncertainties in forecasting oil prices we have not given a long-range forecast but rest assured we will continue to leverage increases in oil and gas prices over these periods and therefore increase the revenue to the Company.

Delivering the pipeline is clearly an important step and we are delighted with the progress we have made to date. The value of the pipeline is not just the immediate production which we can then bring onstream. Almost more importantly it allows us to progress at full throttle through the identified workover programme. The ability to accelerate that programme comes at a very opportune moment given current commodity prices. In addition we have the Campo Limite testing and the Monty Aymond projects as have already been announced. In terms of wider M&A we remain committed to further profitable growth where we believe Echo has additional value to add

for anyone who has not seen it