Echo Energy Investors - ECHO

Echo Energy Investors - ECHO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Echo Energy Plc ECHO London Ordinary Share GB00BF0YPG76 ORD 0.25P
  Price Change Price Change % Stock Price Last Trade
-0.018 -1.8% 0.982 16:35:15
Open Price Low Price High Price Close Price Previous Close
1.00 1.00 1.00 0.982 1.00
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helpfull: As oil, the same applies to gas. In Q1 2021, 809 mmscf of gas were produced. About 9 mmscf per day. So for Q2, 818 mmscf can be expected. A total of 1,627 mmscf. In H1 2020 1,954 MMscf gas were produced. A fall of about 17% is to be expected. In the H1 2020 results investors were told " monthly volume weighted average gas prices for the period to 30 June 2020 ranged from US$2.10-US$2.77/mmbtu". This H1 any rise in gas prices will be accounted for by a fall in production. The same gas revenues as H1 2020 can be expected. So total revenue will be similar at US$5.6 million (of which US$3.5 million related to gas sales and US$2.1 million related to oil sales).
helpfull: "We believe that as a result of these agreements, our contracted gas USD revenues for the year could be as much as 50 per cent higher when compared to May 2020 to April 2021, meaning they will deliver a material improvement in cashflow during 2021" This should ring alarm bells. Last year 40% of gas sales were at local spot prices. Investors should be asking themselves how low did spot prices go last year? You will not be informed until the final results, probably out in September. New Echo Energy gas contracts are worrying: "Gas prices reflect the current modest supply squeeze which is expected to exacerbate over the winter. Current spot prices are US$2.40 per MMBtu with President projecting higher winter prices of US$3.60 per MMBtu" That is a statement from a President Energy Feb 2021 Trading Update. At $2.64 per mmbtu Echo Energy might be selling its contracted gas output,at little above local spot prices. And that is on top of declining gas production. Be careful.
knackers: What you DO NOT DO, is short Martin Hull! The guy is golden. AIM retail investors just waking-up to that realisation. He has BIG, mid-cap ambitions for this minnow.
burtond1: Are we entering a commodities supercycle? And what does it mean for small cap investors?
knackers: Blindingly obvious retail investors can buy this up to 1p for comfortable double bag if not triple bag++ potential before Easter - Subject to news flow, test results etc. Silly valuation post restructuring, soaring oil price and growing base production and reserves. Thing is this was all well-flagged weeks ago. Where has everyone been? stoking bonkers Tesla mania no doubt. TSLA is a screaming sell, this a pretty obvious buy. Clearly Mr Market doesn’t always get things right! Now, where’s that weighing machine??
helpfull: What a nonsense RNS. You'd think someone had 167,000,000 shares coming to the market in a day or so. Is this the same as trying to put lipstick on a pig. Investors should be focusing on 40% of daily gas production from Santa Cruz Sur, under current market conditions, continues be sold to the spot market at $1.60 per mmbtu. Be careful.
helpfull: "What's the cash situation? At the end of June 2020 there was $1,164,408 of cash and cash equivalents. That was down from $1,698,012 at end December 2019. A drop of $534,000 in six months. On the 27th July 2020 Echo Energy raised £475,000(gross) or £450,000(net). That's $585,000 at $1.3/£. That would give total cash and cash equivalents of $1,749,000 after the cash raise. " As of 17 November 2020 total cash held on deposit in the UK and Argentina was approximately US$ 655,000" . That's a fall of $1,100,000 less $6,000 in 4 months and 17 days. Wow! About $220,000 per month. At the same rate of decrease that would leave $435,000 by year end December 2020. By March 2021 there will be no cash remaining at that rate. At the end of March 2021 the company needs to pay £120,000 interest on the £1,000,000 loan. Remember that? The 1st April 2020 debt restructuring RNS. And every month for the next three years the company needs to pay its part of the $2,200,000 payment for the compressors, starting Jan 2021. That's about $43,000 per month, every month(net). Two cash raises in six months. About $1.2-$1.3 million. The next might be nearer than you think. Be careful". I wrote this on 13th December 2020. It was described as trolling. When was the last cash raise? 1st December! The company is barely treading water. It is set up for cash raises. All that is needed is the mug punter. You'll be informed that a second cash raise in a month is a master stroke and that great rewards await the astute investor. In reality the nest is being lined with your cash. Be careful.
brookemia: Final day in the trial of Sound ex-CEO Jaes🤥Pinocchio Parsons, ex-Chairman Marco-tHe Mobster-Fuming Alli, and Ms Sarah-the Fixer💃Dees. Mr P.Canna. prosecuting QC, has asked 🤥Pinocchio, if he has no regrets over misleading Investors, by issuing RNS’s that we’re materially false in terms of volumes of gas reserves. He further suggested this was at complete odds with Sound’s own Geoligist’s expert testimony.🤥Pinocchio looked stunned and after composing himself, he argued that despite their “knowledgeR21; he knew different at the time and was disappointed that these people did not toe the Company line. He stated that if they had gone along with his “interpretations” of reserves, they would be as comfortably well off as him and Marco-the Mobster, instead of looking for employment🤥 Mr P.Canna, advised that 🤥Pinocchio, had also lied to Investors at seminars over the structure reserves, and 🤥Pinocchio replied that it would have been suicidal to tell the truth🤥 and his and others lifestyles would have been at risk. Mr P.Canna was visibly moved by this complete disregard for punters, and accused 🤥Pinocchio of absolute contempt for shareholders, and that 🤥Pinocchio had gone on to do the same to other Investors in Coro, Echo, Nuog etc, 🤥Pinocchio replied, that it was a winning formula, rinse and repeat, I’m a deal maker, it’s in my DNA🤣 Mr Canna agreed, but said the deals were only for 🤥Pinocchio and his trusted coterie of friends. Pinocchio, scornfully replied that he never, ever said the deals were for the benefit of shareholders🤷;‍♂ʊ39; Mr Canna, in summation said that he hoped the jury would consider the effect that the lies and corruption-perpetrated by 🤥Pinocchio, the Mobster, and the fixer💃-had affected the shareholders, bringing misery, family breakdowns, and destroyed the trust that Investors had in British Companies. 🤥Pinocchio, rolled Back the sleeve cuff of his £5000 Saville Row suit, checking the time on his £20k Panerai watch, expressing his boredom at this charade😴 Justice👨R05;⚖️Richard, called the Court to order🗣and addressing the jury, advised them that they must decide if the overwhelming amount of evidence levelled against the trio was factually true. They had listened to ex-colleagues, employees and experts. They had seen former colleagues turn Queens evidence, and if they believed the evidence before them, then they must convict these fraudsters, and that he would accept a majority decision and he asked the jury to retire.... The jury has returned to a hushed a courtroom, after only seven minutes deliberation, was this a record in British legal history, whatever the decision was, it must have been overwhelmingly unanimous. Marco-the Mobster, flashing his 5000w teeth to the jury in an -all too late-attempt to sway them, 🤥Pinocchio, brushing an imaginary bit of fluff-no not Ms Dees, -off his sleeve, and The Fixer💃 for once in her life, looking concerned. Justice Richard👨R05;⚖️ Looking visibly tired after this marathon trial, asked the jury if they had agreed a verdict, The foreman said “we have your honour” nervous faces looked for a sign of the verdict. How do you find defendant James🤥Pinocchio Parsons, the foreman replied guilty on all counts your Honour How do you find defendant Marco the Mobster, the foreman replied guilty on all counts your Honour How do you find defendant Ms Sarah-The fixer💃Dees, the foreman replied guilty on all counts your Honour. The Courtroom erupted, Marco the Mobster apoplectic with rage, issuing threats against the jury, 👨‍b78;️Judge Richard and Mr Canna QC. Ms Dees, was uncontrollably sobbing-unable to fix this💃 🤥Pinocchio Parsons was frozen to the spot, mouth wide open, like a corpse the normally suave showman unable to digest this apocalyptic moment 👨‍b78;️Judge Richard banged his gavel repeatedly, but at it having no effect, he uncharacteristically rose from the bench shouting order, order, order‼️ After a few minutes, with the help of bailiffs👮205;♂️order was eventually restored 👨‍b78;️Justice Richard addressing the jury, thanked them for their time nd excused them from further jury service for life. Turning to the defendants, Justice👨R05;⚖️Richard said that he had never in his life experienced fraud on such a scale, sheer wanton greed💷and deception🤥on a scale designed to exploit some of the most vulnerable, with no thought for the consequences or after effects that their corruption might have on their victims. There were no extenuating circumstances, for any of the defendants , save for the fact that they were seduced by the very plausible dreams of untold riches peddled by 🤥Pinocchio Parsons. To 🤥Parsons, 👨‍b78;️Justice Richard, said he had no thoughts or concerns about a investors families, nor indeed his very own family, who would now be subjected to relative penury, as he would be seeking a Confiscation of Assets order against the three defendants, he further sentenced 🤥Pinocchio to the maximum prison term allowed within the sentencing provisions of 18 years. 🤥Pinocchio was crestfallen, shattered, his phoney empire broken into a hundred pieces, rapidly evaluating/anticipating any further actions- inside prison-by relatives of defrauded Investors. Justice👨R05;⚖️Richards, sentenced The Fixer💃 and Marco the Mobster to thirteen years-again the maximum provided for under existing law.He chastised them both, and said that prison would give them time to reflect on their heinous crimes😔300; Justice👨R05;⚖️Richard-seemingly very refreshed and flourished, and with an almost imperceptible smile☺️bellowed to the bailiffs👮205;♂️👮‍ϓ4;️ “ Take them down”
brookemia: The final day- in The Court of Public Opinion -of the trial of James🤥Pinocchio Parsons, ex-CEO, MARCO Fuming Alli, ex-Chairman, and Ms Sarah Dees-The Fixer💃 All other defendants have turned Queens and have been warned they face a Custodial sentence, for the scale of their corruption. “Fat Malcy” Graham-Wood who protested he was only in it for the free lunches🥩 7828;🥟ԍ90; has been admitted to hospital, severely malnourished, but expected to pull through, and well-prepared for his new prison diet. Marco the Mobster has been thoroughly exposed as nothing more than a crooked thug with proven fraudulent backers, and seemingly joined at the hip with the next defendant, the star of the show, Aston-Martin driving, Panerai watch-wearing (£20,000) James🤥 Pinocchio Parsons Mr P.Canna prosecuting QC, is looking supremely confident as he smiles with satisfaction, looking at 🤥Pinocchio with his steely hawk-eyed stare, boring a laser like beam at the former CEO, it looks like 🤥Pinocchio could be showing the first sign of nerves😟 This is definitely not the Showman🕺we have been accustomed to, and maybe his former colleagues sacrificing him is beginning to take its toll🤦‍♂️ Mr P. Canna QC, begins by asking Pinocchio🤥 why he thinks his former minions have offered him up for crucifixion, and Pinocchio said that -like the Investors- they misunderstood his motives, and he was a family man looking to protect and provide for his family. Mr P. Canna enquired as to whether it was acceptable for 🤥Pinocchio to make promises,about the share price which were blatantly untrue, and to issue false RNS’s when The BOD knew otherwise🤔 Pinocchio🤥 said that Sound had an office-based lawyer👩̴5;💼 so he should have known better and all 🤥Pinocchio did was Sales & Marketing. Mr P. Canna QC, reminded 🤥Pinocchio that he-aided by The fixer💃Ms Dees, had subsequently removed all traces of his blatant hyperbole and false claims from the website, Twitter and Facebook. Pinocchio replied that it was just housekeeping and that it was the fixer’s 💃 actions and not his. False RNS’s were issued about TE8/9/10 when The BOD knew different asserted Mr P. which 🤥Pinocchio replied, that the eminent geologists, former colleagues and employees did not understand the ”BIG PICTURE” and this was unfortunate said 🤥Pinocchio. “Is this why some were fired” enquired Mr P.Canna, to which 🤥Pinocchio replied that he needed “Team Players” Mr Canna replied that it was more the case that they did not agree with false RNS’s which were illegal. 🤥Pinocchio replied that he was an Accountant, to which Mr Canna said yes, you were, but have been disbarred, because you failed to live up to the standards required of The ICAEW. 🤥Pinocchio replied he did not ever need to work again as he was a successful entrepreneur Mr Canna QC, asked why 🤥Pinocchio was still advising Investors to buy and claiming “ four figures won’t cut it” “golden tickets” and other hype when he was selling down his own share through a trading plan. Was this not immoral at best, and very probably illegal as 🤥Pincchio was in possession of material facts that proved geologically different🤷‍♂️ Pinocchio replied it was just 🤣salesmanship😂 and that his strength of a deal-maker, was why he was employed. Mr Canna suggested that the only successful deals 🤥Pinocchio had brokered whilst in the employ of Sound had been dodgy at best, probably illegal and had only benefited 🤥Pincchio, his “friend” Mr Rude.Hope,Fuming Alli and the💃Fixer Ms Dees Justice Richard, looking very irritated with 🤥Pinocchio, called for a lunch recess...
brookemia: Day five in The Court of Public Opinion, where The Crown vs James🤥Pinocchio Parsons, ex-CEO, Ms Sarah Dees-aka The fixer💃 and Marco Fuming Alli. All other defendants have turned Queens, and were aghast at Justice Richard advising the jury that these criminals would face custodial sentences due to the gravity and sustained period they defrauded the Public. Marco Fuming Alli -without his jailed heavies, having been sent down for contempt) is being cross-examined by Mr P.Canna QC. Is it correct you are a “front man” for dubious characters in Italy Mr Fuming Alli asked Mr Canna. I am a legitimate businessman in Italy with big “Family” connections replied Marco, in a voice that would charm the birds from the trees Mr Canna continued, asking the source of the “loans that he had provided Sound” We are family Sir, and we being family men, like to spread the happiness around. Mr Canna asked if there were some illegal aspects to the arrangement secured between him and James🤥Pinocchio Parsons. Fuming Alli replied, that Mr Parsons came well recommended by “The Family“ and Italian loan sharks,-sorry I mean money lenders corrected Marco. Mr Canna continued, asking if these loan arrangements did not seem punitive, to which Marco replied, that they have expensive overheads, Ferrari’s and expensive offices. Mr Canna enquired as to the reason they had closed The Italian Office and relocated to Malta, Marco replied it was for him and Pinocchio to know only, and the little shareholders would not understand. When asked about Pinocchio’s29317; financial pedigree, Marco said he was unaware 🤥 Pinocchio had a dog. The public gallery erupted, and Justice Richard brought the Court to order, and Marco flashed his dentistry once again, resulting in Justice Richard, having to cover his eyes momentarily from the megawatt lightning strike. Composure restored,Mr Canna probed Fuming Alli as to his financial share dealings, suggesting that all was not in order, and was it true he had more Sound shares that he had RNS’d to the authorities, and was he aware that Pinocchio🤥 was advising Investors about their shares being “Golden tickets” worth 4 figures, and more, but selling down his own holdings at the same time. Marco replied, how do you say in English” Pinocchio🤥 has the gift of the gab, and might be a little over enthusiastic. Mr Canna suggested it was morally disgraceful, and that before he was asked to leave because of “dubious”; practices, that Pinocchio🤥- aided by Ms Dees- the fixer💃- had systematically removed al, evidence of this and other incriminating evidence from The Company website, and this must have been approved by BOD members. Marco said he did not understand these things, only loans and it must have been administration errors by The Fixer💃 If it was illegal-he agreed-she should face her punishment🤦‍♂️; Mr Canna asked how Marco could be on the BOD of so many Companies, when it appeared there were insufficient NED’s to ensure regulations were being adhered to, Marco replied that it was Pinocchio’s responsibility, but he was clever dude like that, and he spent a lot of time with The Company Solicitor, who was permanently stationed at Sound HQ. He added it was Pinocchio’s idea, because there was so much going on and that Pinocchio🤥 thought it advisable because too many questions were being asked about the way Sound was looking dodgy. Justice Richards called lunch recess as he remarked that this trial was beginning to look very murky indeed. The case continues.....
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