Member Info for tombi1

more warrants taken up and out of the way , they obviously they expect higher prices from here to do that , always good when they are redeemed , never good to have them in the background

Very good letter and very reasonable , you should get a response as they have a duty to shareholders, but don’t hold you breath , so far I don’t know anyone who has been given a reply back by LC himself , I hope to be corrected thou

In 12 days time the bond should be sorted , this should lead to more available cash to invest in other projects or how they see fit , still a very low mcap imo , on a company that makes money. And don’t forget Martin said expect some good news very soon that was a week or two ago .

Because of those improved conditions, we’ve agreed, together with our partners in the Santa Cruz Sur asset, to upgrade and de-bottleneck the existing liquids pipeline and this will enable us to accelerate the return to full production.

So, the cost of this upgrade is not huge, net to the company, it’s about $275,000 but it will enable us to upgrade around 23 kilometres of pipeline. The benefit of that is once it’s operational, it will add production or restore production in our daily liquids production to somewhere between 480 and 600 barrels of oil equivalent a day gross to the partnership.

Critically, this upgrade will also provide additional capacity for future production enhancement projects

The improving macro-economic environment and outlook, and specifically the increase in the oil prices from the start of 2021, has meant that there is increased demand for our Santa Cruz Sur oil and has resulted, for us, in improved pricing and, in some ways more importantly more frequent oil sales. Regularly selling substantial amounts of oil at good prices is a big boost for our revenue and critically, it also complements the strong cash flows from the gas production.

If you remember, that gas production has been consistently delivering revenue for us even when the oil markets are tough. Now, we’ve got both streams on and that’s a great positive for the company.

The first thing, we’re now going to implement the pipeline project, bring on stream that additional production and continue to accelerate the production enhancements for all of those identified upsides that we talked about.

The timing of the testing of the Campo Limite exploration well is something that we’re discussing with our partners and it remains a clear potential upside for us. In addition to the work in Santa Cruz Sur, we’re also continuing our discussions with our partners in Bolivia.

We remain very much of the view that there are exciting opportunities for profitable growth across the energy spectrum including renewables, that’s across Latin America, we’re starting in Bolivia but it’s across Latin America, and we believe we’ve got the right platform to be very well placed to take advantage of that. Those are things that we are looking forward to working on.

As we talked about at the start, the ongoing bond process is coming towards a conclusion, important meetings taking place in March and we’ll be making announcements around that.

So, it’s a very busy time, I think it really is a very exciting time for the company and all its stakeholders

Yesterday you had to sell for a discount anything over 100k of shares today you can sell over a mill full ask , expect a good tick up

Looks like we have a bit of interest today as it has been quite , let’s see

27.75 finish

Share price dropped below 2 , looks like no one is now convinced it will happen

In October/ November LC said everything on track , to be in March and nothing, is very poor imo

28.50 finish

even better 66k short closed

another 300k increase from blackrock , even thou we are way pof the highs

2nd pme rns

into pme

rns blackrock a few more in the bag

there are pics of roman abramovich new £430 million pound superyacht just been released , hope its to celebrate buying eua

rns , blackrock near 36 mill now , keeps increasing , even though share price has dropped

Echo Energy PLC - Latin America focused upstream oil and gas company - Agrees, along with Santa Cruz Sur partners, to capital expenditure for upgrading and debottlenecking the existing liquids pipelines in the Santa Cruz Sur assets, located in onshore Argentina. This will accelerate a return to full oil production and bring remaining volumes, previously shut in the second quarter of 2020, back online. This follows an increase in demand, which resulted in improved pricing and more frequent oil sales. Pipeline upgrades will also grant additional capacity for production enhancement product in the future, which have been identified. Capital expenditure, net to Echo's 70% working interest in Santa Cruz Sur, will be around USD175,000 and will be injected by Echo to replace and upgrade parts of the infrastructure - mostly in the Chorillos, Campo Molino and Cerro Convento fields. Installation is expected to take around 45 days with 10 upgrade projects to be completed, upgrading a total of around 23 kilometres of pipeline and restoring gross daily liquids production to between 480 barrels of oil per day and 600 bopd, or 336bopd to 420 bopd net to Echo. In 2020, total cumulative production net to Echo from Santa Cruz Sur was 720,000 boe. From January