Echo Energy Share Discussion Threads

[leeholden44] 08/1/2019 17:29

Thinking about investing more tomorrow! Any view on whether this will be a dump tomorrow as people get out with quick wins?!

[ziblot] 08/1/2019 17:12

Could be the game changer. Waited long enough and still hold all shares.

[crystball] 08/1/2019 16:29

Good to see some stimulation of the Echo share price!

[knackers] 08/1/2019 16:06

I expect this well to raise a few eyebrows. Exciting times indeed and at less than 10p share price any sort of positive outcome is totally discounted.

Still ringing in my ears when asked in an investor briefing last year if ECHO will be hydraulically stimulating finds, Fiona responded smiling, "We hope so!"

It's par for the course in the Austral basin. It's one of the big tight oil/gas basins in Latam, and significantly under-developed. DYOR.

[l30nski] 08/1/2019 16:05

Stimulation programme is working well so far, well on the share price at least.

Goes to show despite the depressed price people are still optimistic about the possibilities.

[steelwatch] 08/1/2019 14:08

Update re Well Stimulation Programme

Further to the Company's announcement of 11 December 2018, the Company confirms that the equipment required for the stimulation of the EMS-1001 well, drilled in June 2018 on the Company's Fracción C licence, onshore Argentina, has now arrived on site and that stimulation operations have commenced.

[eggbaconandbubble] 31/12/2018 08:38

Well spotted burtond. But do people buy on just a little snippet like that???

[burtond1] 31/12/2018 07:53

https://total-market-solutions.com/2018/12/31/our-outlook-for-2019-part-2/

[steelwatch] 20/12/2018 23:40

I guess our eminent Fi grew tired of jet lag and why not?

[knackers] 17/12/2018 08:36

Let's keep this under the radar til the xmas bonus comes in, eh Burt ;o)

Could be a 2019 star. Delighted to see Martin at the helm. FWIW I think he was hired with exactly that in mind. Top drawer, though to be fair to Fiona she's done a terrific job ticking all the boxes and more in such a narrow timeframe.

Can't wait for the 3D on TA, and fully expect to see some eye-popping CoS's, possibly iro 50% on multiple, multi TCF prospects there.

That said I don't ELM or EMS will disappoint, the tobifera just needs a 'jump start', as it does in this next of the woods.

A gem to lock away for 2-3 years IMHO.

[burtond1] 14/12/2018 22:04

https://twitter.com/tmsreach/status/1073699917179293701?s=21Worth a punt at 7p level?

[knackers] 14/12/2018 09:26

Oh dear Peter, nevermind eh?

Actually the Frac C drill programme has been a great success, we're in absolutely the right postcode. Ontop of that Frac D gas fields and oil workovers will keep things ticking along v nicely. Plenty of options here - many options!

Frankly, if you can't accept E&P volatility, have no patience or are simply unable to grasp the swing nature of things at this early stage - then you shouldn't be here.

2019 and opening-up TA via 3D seismic and first ground break is what it's ALL about. And any cash Frac C and D can throw-off will massively help fund activities in that core block. Nothing comes remotely close to TA (with Bolivia frankly a bonus which I've fully discounted until we hear results from neighboring activity).

We're just getting warmed up. Now, back to your cocoa... all in jest ;o)

[gus 3000] 12/12/2018 18:50

Oh Peter... you don't understand the markets!

This may well drop more,who cares! But i can tell you one thing now,it will not be 0-6p in February thats for sure.

I invested in the company and not Fiona,and as the RNS states-
" she wishes to develop a Non-Executive portfolio" Look at the word PORTFOLIO,meaning other companies as well,which is her decision for whatever reason and good luck to her.

Current situation is a short attack,they know how stupid pi's like yourself is and take advantage.

Simples(same as you)

All the best

[barnetpeter] 12/12/2018 15:11

Oh and did she walk or was she fired? Have you told all those dumping this stock about the erm, wonderful assets? Why not buy more from the eager sellers?

Plonker

[barnetpeter] 12/12/2018 15:07

I had been a holder of this before it became Echo and did very well thank you Gus. I sold out over 20. Why not put a note on here to say no discussion wanted on here ....only “it’s going up” posts allowed. Meanwhile you can count how much you are making as it falls another 6 per cent today.

Plonker.

[peterdonovan] 12/12/2018 08:40

Well said guss

[gus 3000] 12/12/2018 08:27

Peter,you obviously are a bit clueless when it comes to valuations! Echo assets and cash alone in the bank values this at 12p minimum without massive potential upside.

If you are invested here,do us a favour and sell now then clear off into the sunset.

[barnetpeter] 11/12/2018 23:36

Echo has become a disaster. I hope the old timers all got out at the highs or at least around the 15p levels.

I see 2.5 to 3 pence coming here. I think this is now way overpriced and it will be a long time until this is doing anything apart from losing money and with oil price falling to recent lows too. 12 per cent off today and I see little support if it breaks 6p.

A mkt cap of 12 to 15 million is still high though.


Sorry holders but this is rubbish at the moment. Two years down the line worth a look but at what price?

[steelwatch] 11/12/2018 16:52

@echoenergyplc
7 hours ago

Next 'Time with the Team' to be held on Monday 17th December at 11:30am. To register or log-in: . E-mail: [e-mail] if you have any issues.

[paradores] 11/12/2018 15:16

Agree with that Steel, the future remains v bright indeed and I could see Martin taking the lead with the farm-in work. Fiona has done a grand job with expediting the set up but was becoming surplus to requirements.

[steelwatch] 11/12/2018 11:54

Could be for health reasons? Not bothered though as Martin Hull's experience with M&A will be needed to farm out the Bolivian project and any future deals. Technical skills on the ground covered by Julian Bessa and Martin Probert.

Fiona has done a terrific job in getting the company up and running in such a short space of time. Thanks Fiona.

[ride daice] 11/12/2018 10:45

I don't like the move from CEO to NED.