I think most are missing the point here, as EWO points out, ECO have been madly drilling sandstone wells since late July, 10 wells in total of which none have been put into production yet. This is all a part of the field plan, they were never expecting to be producing from these until December when all the testing was completed and the water injection commenced. They say they are expecting a minimum of 800 bopd from this sandstone field development. I STILL am giving them the benefit of time. Management is on there last chance with me to come up with the goods. My first purchase in this company was at 5 cents many years ago and I can't believe we are nearly back there again.
If management meet their target of 3000 bopd, what will be the share price then? I will say over 10 cents, now that is a 40% increase in a few weeks with better times ahead. Sounds like a screaming buy to me. Good luck holders, it's time for a xmas present I am hoping.
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