Echo Energy Share Discussion Threads

[bigdazzler] 26/6/2017 10:08

Who's fretting??? Trading is all about being relaxed. No need for a holiday the fireworks show is soon to begin.

[ch1rp] 26/6/2017 09:41

Why does volatility always cause silly arguments on boards? I guess it's because these silly people who cannot see the bigger picture start to fret into their blubby handkerchiefs:) For all you small minds out there, relax go off and have a holiday from your fretting and come back in a year or two and be happy:))

[barnetpeter] 25/6/2017 17:22

No idea what is going on here. My stake is free anyway so no worries there....would like to add ...going back to 10p on this strange news? I don't know.

[telbap] 24/6/2017 20:47

Greasing the wheels dgarvey...let's see what the AGM brings on Tuesday.

[dgarvey] 24/6/2017 14:16

Continued - Let me get this straight. Greenberry has transferred its entire holding of cheap warrants for almost nothing. These warrants have a current market value of over £7 million. Hmmm, lucky "Institutional Investor", I doubt there's any connection whatsoever. I wonder how long it will be before all these warrants are exercised and the profits realised. A month? Six weeks perhaps, I will watch with interest.It goes on:"138,749,177 warrants exercisable at 15.175 pence per warrants, sold to a number of Institutional and Corporate Investors on 23rd June 2017 in two tranches being 30,431,634 transferred at nil consideration and 108,317,352 transferred for a consideration of GBP 108,318;"

[dgarvey] 24/6/2017 14:16

Share Profits - "Echo Energy, the South American focused upstream oil & gas company has been advised that Greenberry plc, the Company's Cornerstone Investor, has executed the following pre-planned transactions to distribute its equity and warrant position amongst a broad portfolio of pre-identified Institutional Investors, as follows:"Oh, so this was all pre-planned. That makes it all ok whatever it is; let's look at the details:61,538,462 warrants exercisable at 3.0 pence per warrant sold to an Institutional Investor on 23rd June 2017 for a price of GBP 0.0001 per warrant;Let me get this straight. Greenberry has transferred its entire holding of cheap warrants for almost nothing. These warrants have a current market value of over £7 million. Hmmm, lucky "Institutional Investor", I doubt there's any connection whatsoever. I wonder how long it will be before all these warrants are exercised and the profits realised. A month? Six weeks perhaps, I will watch with interest.

[clive205] 23/6/2017 18:56

Or possibly not. 2nd RNS confirming the arrangements.

[bigdazzler] 23/6/2017 18:12

So could be continuing the sell next week??

Happy weekend campers.

[clive205] 23/6/2017 15:52

Holdings RNS - so have Greenberry gone from 18% to 11%?

Doesn't say what the number of shares held was prior to the announcement.

[james_jones] 22/6/2017 17:37

ngms27
'If there is multi TCF potential then why didn't they detail structures mapped on seismic to justify that claim?'

Perhaps they will at the AGM next Tuesday

[moneybags15] 22/6/2017 16:53

The company.

[ch1rp] 22/6/2017 15:05

So, we get the most amazing news and suddenly every post is a bunch of deramping experts who know better than the company. Really, who do you believe???????

[ngms27] 22/6/2017 13:10

If there is multi TCF potential then why didn't they detail structures mapped on seismic to justify that claim?I could argue my back garden has multi TCF potential.All talk and no trousers at present.

[bigdazzler] 22/6/2017 12:57

Short term Trend now down. 15p then looking for next target of 10p then possible 8-7p. Could see potentially a 50% drop from here.

[bigdazzler] 22/6/2017 11:38

It's coming those lower targets ' are a coming.' Look for the 15p then the 10p then target the 8p-7p.

The lowest target is a whopping 50% reduction in current value. Now we are talking.

[bionictwat] 21/6/2017 19:21

Tidy just to be clear is that a deramp because you haven't bought in or a sort of ramp??? Never can tell with you, serial ramper when it suits turning deramper when you want to buy

[tidy 2] 21/6/2017 19:16

Multi TCF in 75 sqkm. Really wtf !!

[ngms27] 21/6/2017 14:32

What a complete damp squib of an RNS. Sure they have 3D seismic so WTF is the current interpretation? Also seems a very small area 75 sq km.

What have they paid? What are likely commitments?

Very very poor show IMHO, I expect better JP.

[steelwatch] 21/6/2017 10:22

Further to the Company's recently announced onshore gas strategy across Latin America, Echo has made its first transaction in Bolivia.  Binding joint evaluation agreement with Pluspetrol Bolivia Corporation SA ("Pluspetrol") which positions the Company to secure an 80% operated interest in the Huayco block in Southern Bolvia. The Huayco block lies within the Tarija Basin, benefits from full 3D seismic coverage and, critically, the Company internally estimates it has significant multi-Tcf gas potential. The block spans 75 square kilometres and is close to key export gas pipeline infrastructure which would connect any discovery to high value gas markets in Brazil and Argentina. Both companies view this as the start of a longer-term partnership in which other. Echo is close to securing other exploration and production assets in the region.

[ch1rp] 21/6/2017 09:17

Big blue finish:))