Echo Energy Share Discussion Threads

[giantpeach2] 06/12/2017 18:47

cheers sidessplitting!

[sidesplitting] 06/12/2017 15:52

Daniel Levi BMD 6 Dec '17 - 09:27 - 553255 of 553276 0 1
FYI

Breaking News Echo Energy Placing £15-£20 Million?

Dan
x
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That appeared over at the GKP blog and others, but not here.

Thought you might want it!?

[giantpeach2] 28/11/2017 16:15

Thanks for reply.

[steelwatch] 28/11/2017 13:10

Admission Doc expected to be published in December, but no specific date provided, so I have no idea.

[giantpeach2] 28/11/2017 12:42

Not many days left now before trading resumes, or will it be after the 6th Dec steelwatch!!!

[giantpeach2] 21/11/2017 16:54

Will we get the chance to buy in the 20s or is this going higher when this comes back!

[steelwatch] 21/11/2017 13:42

echoenergyplc

Austral Basin tight gas premium pricing incentives confirmed by Argentinian Government
7:07 AM - 21 Nov 2017

[steelwatch] 09/11/2017 12:14

James and team presenting triple bill Sound Energy, Echo Energy and Coro Energy at Turner Pope event, 6 Dec Register at [e-mail]

[telbap] 09/11/2017 09:20

Looks like you guys will know all before the 6th December.

[giantpeach2] 08/11/2017 08:56

Ah yes that would have been a great top up 9tintin.

[9tintin] 07/11/2017 22:46

Giant

I have a small position here and I'm going to run them for a while.

Just wish I had topped up at 8p LOL

tintin

[giantpeach2] 06/11/2017 15:53

Will you be after any 9tintin!!!

[9tintin] 05/11/2017 17:43

It will be interesting to see what the share price is when it comes out of suspension.



One thing for sure - it won't be 17.5p

My guess 22-23p at the open.

After that it's anyone's guess.

have to wait a while though.

tintin

[crystball] 05/11/2017 13:36

It will be interesting to see what the share price is when it comes out of suspension.

[shekari] 04/11/2017 23:57

Having said that, it is the appraisal and substantial exploration upside that will be the making of this deal for Echo. Indeed, it might rival or even beat the TCF opportunities at Sound Energy as a comparison. With a massive work programme, investors will see a well to be spudded in Q1 2018, followed by a lengthy period of operational activity. It looks as if the James Parsons/Fiona MacAulay team has got off to a flying start, after all it takes two to tango…

[shekari] 04/11/2017 23:56

Echo Energy

The long-awaited landmark deal from Echo (ECHO) has been announced. They are entering Argentina with an onshore farm-in agreement covering four assets with CGC, a private subsidiary of the Corporatión América International. This well respected local partner will provide just what Echo needs as it aims to become a leading LATAM gas explorer.

Under the agreement, Echo will gain a 50% interest in each of the Fracción C (FC), Fracción D (FD) the Laguna de los Capones (LC) and Tapi Aike (TA) licences. All these are in the prolific Austral Basin of the Santa Cruz Province and cover 11,153²km in total.

Consideration for this acquisition is spread across the assets depending on work programmes etc. At TA there is no upfront cash payment, Echo will carry CGC for 15% of the three-year work programme (4 if tight gas) which will include reprocessing 2D and 3D seismic, the acquisition of 1,200²km 3D and 4 exploration wells, Echo's estimated carry here is $9 million.

At FC, FD and LC there is a $2.5 million signing on fee and Echo will pay 100% of the initial 18-month work programme for which their cost of carry is estimated to be $9-12 million for CGC's 50% interest. This will include reprocessing existing 3D seismic on the LC licence, acquisition of 500²km of 3D seismic on FCas well as four exploration wells completed as producers. A

At FD there will be three workover wells and, if appropriate, one new well as well as acquisition of 230²km of 3D seismic. After this there will be a deferred cash payment of $2.5 million and a series of options to progress to second terms on the licences.

For Echo, all this adds up to a very meaningful package of assets that give gas production at FC and FD of 11.4 MMscfe/d with the potential to rise to 80MMscfe/d, which at 'strong local gas prices' will be a useful start.

Having said that, it is the appraisal and substantial exploration upside that will be the making of this deal for Echo. Indeed, it might rival or even beat the TCF opportunities at Sound Energy as a comparison. With a massive work programme, investors will see a well to be spudded in Q1 2018, followed by a lengthy period of operational activity. It looks as if the James Parsons/Fiona MacAulay team has got off to a flying start, after all it takes two to tango…

My comments below on Argentina should ensure that investors will be happy with the country risk and see this deal as the company says, the 'backbone of our gas business'. It certainly looks to be a very impressive start.

[telbap] 04/11/2017 10:14

Who knows where it will land; could go up, down sideways, back and forth?! Knowing the JP pr machine my betting is up...

[roadkill2] 02/11/2017 20:29

Thanks again steel, this time for the Q and A's...

[steelwatch] 02/11/2017 17:56

Look again.

[nico9] 02/11/2017 17:21

surprised no one asked what the share price might come back at when suspension lifted! Or at least a very rough idea

[steelwatch] 02/11/2017 13:52

Today's Q & A session transcript downloadable via link at foot of header above.

[giantpeach2] 01/11/2017 22:21

I need to buy more before they go big bucks!

[roadkill2] 01/11/2017 13:30

Good call steel!