Echo Energy Share Discussion Threads

[steelwatch] 24/6/2018 17:27

All the way from Buenos Aires! Courtesy of Saleem Khadir (Top man)

[robizm] 23/6/2018 21:29

The smx 1001 was put on test in sept 2017 and they perforated 3m and have produced from 1400 to 2000 barrels a day since. They are only now starting to produce some water. They are in the same basin so touch wood we may have a company maker

[kingivor] 23/6/2018 21:00

Sm x - 1001 well 2005 bopd during May and Crown Point have moved to up their ownership from 25% to 51% of the licence and planning to drill two appraisal wells, first one commencing July.
our test waiting on test rig slated for July.

[bspgamer] 23/6/2018 18:59

Does anyone know when these wells will be tested?

[kingivor] 23/6/2018 17:59

indeed steel but that said crown point are getting 1830 bopd from their discovery SM x - 1001 Tobifera well from just 3 m perforation on long term test.
early days but potential complete game changer here

[steelwatch] 23/6/2018 17:14

Best to wait for further announcements. Otherwise, it would just be a wild guessing game.

[kingivor] 23/6/2018 17:06

What would a good flow rate of light oil be on extended test. 2000+ bopd ?

[robizm] 23/6/2018 16:21

can find much info on the laguna maria oil field. Loads on crown point and pumping oil fron the tobifera. a lot of flow from a narrow sequence (3 metres)

[knackers] 22/6/2018 11:46

Possibly that some significant transactions-transfers are currently being worked. Post that 'on-boarding' I'd expect things to become more twitchy.

[ntbb] 22/6/2018 10:22

Buy buys signals on

hxxps://www.barchart.com/stocks/quotes/ECHO.LS

[ntbb] 22/6/2018 10:20

With yesterday’s volume and today’s it should be one way north

[ntbb] 22/6/2018 10:14

Can’t buy more then 45k online so had buy in smaller orders

[pilkersa] 22/6/2018 09:14

Some very big trades today. 1 mill earlier and 500 just now...

[paradores] 22/6/2018 08:59

Need just a wee bit of patience as, inevitably, time must be given for the price to consolidate with this news [and price rise] so soon after the placing. Unfortunate for longs but yesterday's news looks to be totally game-changing. ECHO have two stunning discoveries to test in the coming weeks with preliminary analysis suggesting either either top-end or significant above best estimates and expectations.

I look forward to the next reserves report, as I'm sure do others.

[eyeofthetiger] 22/6/2018 08:05

Looking to be a strong day

[pilkersa] 22/6/2018 08:02

Looking good!

[eyeofthetiger] 22/6/2018 07:02

The media coverage online on reputable oiler sites is evident:

hxxp://www.youroilandgasnews.com/echo+energy+reports+significant+hydrocarbons+interpreted+in+ems-1001_149463.html

hxxps://www.malcysblog.com/2018/06/echo-energy-zenith-energy/

hxxp://www.worldoil.com/news/2018/6/21/echo-energy-reports-significant-oil-discovery-in-argentina

hxxps://www.sharesmagazine.co.uk/news/market/6021354/Echo-Energy-rallies-after-data-shows-significant-hydrocarbons-in-EMS-1001-exploration-well

hxxps://www.rigzone.com/news/significant_light_oil_column_interpreted_in_onshore_argentina_well-21-jun-2018-156017-article/



[...]

Expecting big things to happen here.

[eyeofthetiger] 22/6/2018 06:55

Hope this another GKP story - hxxp://www.worldoil.com/news/2018/6/21/echo-energy-reports-significant-oil-discovery-in-argentina

[eyeofthetiger] 22/6/2018 06:52

I dont think investors have actually digested the significance of the RNS. I think we will see steady rises into July's test. The signs to follow are the volume and size of buys and yesterday they did not disappoint.

[paradores] 21/6/2018 20:12

Argentina wins back emerging status market status from MSCI.

[paradores] 21/6/2018 16:44

Homepage billing for (the not so little) ECHO ENERGY at hxxp://www.worldoil.com/
"Echo Energy reports significant oil discovery in Argentina"

[eggbaconandbubble] 21/6/2018 14:31

I don't speak Russian!

[paradores] 21/6/2018 13:26

#ÁndaleArriba

...pienso que este molino es muy bonito ;o)

[falia] 21/6/2018 12:57

back to 15p

[knackers] 21/6/2018 12:48

I'm in for a few more. Sensibly, Fiona is playing a straight bat but this has all the hallmarks of a serious find, and with no mention of Tapi Aike we have what, a mid-cap in the making? Quite possibly.
But right now we have a gaping disconnect between what's been a highly successful 1H18 drill campaign and today's share price - no doubt exacerbated by the timing of the recent placing (which ironically was both astute and value-enhancing) but that disconnect I would expect to correct sooner rather than later!

So here we are with one more drill to go...will it be a full house [4/4]? I wouldn't bet against it.