Echo Energy Share Discussion Threads

[coldspring] 05/7/2018 23:10

Excellent update, thanks. Do you have any idea from experience how long her proving up will take. Is it weeks or months? Hoping sooner of course

[bladey] 05/7/2018 22:52

Well lots of investors rely on charts and in some way they do play a part in terms of sentiment as well as other market factors, not to mention history!

Personally I feel that with AIM in regards to what its purpose actually is for start-ups and developing companies in regards to raising monies for forwarding developing ventures, charts can only shed little info on where a company may or may not be heading. For me it's based on mostly fundamentals of any enterprise, so that's loans, cash incentives, cash balance, future/past placings and forward planning, (to name but a few).

I do rely on chartists forecast, but only those that relate to investments based on fundamentals, other than that I do believe is very if not purely speculative. Therefore someones chart probably aspired to a level of 20p, (depending on chart plan employed), and others have based higher including any resistance levels that can and have been encountered.

[leeholden44] 05/7/2018 19:23

That's really insightful. The piece I was referring to is why it needed to specifically hit 20 by (tomorrow) Friday, didn't know the reasoning that's all :)

[bladey] 05/7/2018 17:43

Lol...Lee when you said you were just learning, you weren't joking, were you!

ECHO have discovered an additional light Oil play of 500M at the EMS-1001 licence, and this is what has really propelled the share price to where it is now. According to their RNS, they're now awaiting the testing rig to arrive so they can evaluate and confirm this play as well as how much of this play can be proved up. In all essence the BoD are very excited and most of us believe that they are being considerably conservative in their current un-tested estimates, and so they should be. The BoD are one of the few sensible BoDs amongst todays AIM, and are still insistent on having valuation, (true), based on test results.

The share price on a minimalist value on what is underground should have our share price set at between 24-26p, anything proved up upon from this value is solid cane sugar icing, as per % proved!!

[ride daice] 05/7/2018 17:40

We need to prove that we can get hydrocarbons to the surface hopefully in very large quantities.

[leeholden44] 05/7/2018 16:56

Why do we need that?

[luckyman3] 05/7/2018 14:42

We need the share price to close at 20p this week

[mac_steven] 05/7/2018 08:53

If testing on the very significant 500m hydrocarbon column is successful and proves up a hugely significant light oil play,then this is going much much higher.

[richpassi] 05/7/2018 06:43

I personally do see this going a lot higher .....but that's always been my problem with any share I've purchased !!! Lol

[bspgamer] 04/7/2018 22:35

Don't you see this going much higher?

[richpassi] 04/7/2018 21:07

Lee my best advise to a newbie ..... Don't do it. Best advise you'll get imho. Sorry, all the best to you :) I started about 20 years ago and would be minted now if I put it all in a box buried in the garden ! :)

[leeholden44] 04/7/2018 16:56

Ok thanks so much. My only concern is all this stuff will paint favourable lights to drive investment? Or is that a cynical approach?! Really interesting either way so appreciate. Is sound Energy relevant to Echo?

[paradores] 04/7/2018 16:53

Lee, you have landed in the right place for no-nonsense intel to assist your decision making. Would also recommend researching the numerous Tweets posted in recent months as well as Sound and Echo Energy videos uploaded on YouTube.

[leeholden44] 04/7/2018 15:20

Apologies All - learning the way!

[steelwatch] 04/7/2018 14:27

Lee - best not to ask for buying advice on bulletin boards, but feel free to explore the many links in the header above to assist your research.

[leeholden44] 04/7/2018 14:17

Hi All,
have been teetering with buying Echo shares for some time now..

Views - is this a buy stock? (Sorry i'm a newbie with investing in general)

[seball] 03/7/2018 22:37

Agree this will be trading above 20p very soon. I bought more today at 19p. I'm expecting this to multibag with decent flow result from Tobifera. Good luck all

[napoleon 14th] 03/7/2018 21:21

Bought more.

[john henry] 03/7/2018 10:32

Researchanalyst1 i sent you a private mail, hopefully you can help.

[seball] 03/7/2018 09:34

Calculating the potential of all its assets, and deducting farm-in costs, GCA has estimated the value of Echo (excluding warrants and options) at US$172.4mln, or £129.6mln

Fair value around 25p-28p. That's without news on current drill and flow test which if successful will propel the share price. Good luck all

[paradores] 03/7/2018 09:10

Very well done team Echo/CGC all completed in bitterly cold weather being slap bang in the middle of the Argentinian winter. Brrrrrrr...
Plenty to warm the heart here!