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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Echo Energy Plc | LSE:ECHO | London | Ordinary Share | GB00BF0YPG76 | ORD 0.0001P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0031 | 0.003 | 0.0032 | 0.0031 | 0.0031 | 0.00 | 67,087,555 | 07:42:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 14.11M | -9.59M | -0.0017 | 0.00 | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
16/5/2019 13:04 | bouncing off long term lows today, no news driving this. They are currently well funded and producing but are not a profit maker, so they need to increase production. No work overs due in Q1 but we are now in Q2 so maybe they have some news on a plan to improve the bottom line? | excellance | |
16/5/2019 13:04 | Having secured the world class Tapi Aike asset as part of an extensive acreage position in South America, Echo delivered on an ambitious work programme with four exploration wells drilled and three workovers completed safely and within budget. Ever cost-conscious, negotiations for the Tapi Aike seismic campaign translated into a significant discount, securing the acquisition of the full 1,200 square kilometre seismic commitment which will take us into the next stage of Echo's development. 2019 looks very exciting as we work towards drilling Tapi Aike, evaluating Bolivia and continuing to maximise returns across the portfolio." | tidy 2 | |
16/5/2019 13:01 | Hahaha LMFAO | letmepass | |
16/5/2019 12:59 | formerly Independent resources Echo are a small gas and oil producer and explorer in south america | excellance | |
16/5/2019 12:59 | Tech confluence breakout mms letting it rip. Ripped at 2% | tidy 2 | |
16/5/2019 12:59 | No spike just overdue due rise as maybe news on its way | rakepat37 | |
16/5/2019 12:58 | Spike spike.. Dont get caught | letmepass | |
16/5/2019 12:58 | Doors going to b blown of soon at this rate | rakepat37 | |
16/5/2019 12:54 | News on its way ... | rakepat37 | |
16/5/2019 12:24 | Peppering full ask now. | tidy 2 | |
16/5/2019 12:22 | Volume doubled. | tidy 2 | |
16/5/2019 12:09 | hTtps://twitter.com/ | tidy 2 | |
16/5/2019 10:19 | Avsome - it might enhance the chances of getting a new partner to provide carry for a drilling program if they can get at least one drill down on TA to validate the seismic studies and prove some gas exists to whet the appetite. | steelwatch | |
16/5/2019 06:19 | Steelwatch, at a general meeting in may 2017, via a resolution they sought to allot 122,951,200 consolidated shares at aggregate nominal amount of £307,378. this was 33% of the enlarged share capital. now, looking resolution 7 in the current AGM notice it looks like they are aiming get approval for a possible placing and open offer of 280m shares | sporazene2 | |
15/5/2019 21:05 | Personally think we will see joint venture after 3d seismic results are out we shall see, always like to get in early before the flock arrive. | avsome1968 | |
15/5/2019 19:26 | See Notice of AGM on the website for authority saught for fund raise. Not too massive imho, but agree something is coming to pay for at least one well on TA. | steelwatch | |
15/5/2019 17:11 | avsome, i've read the whole update and annual report, sadly massive asset and/or equity dilution is around the corner in order to fund the TA drill programme, what do you think existing holders are going to be left with? | sporazene2 | |
15/5/2019 16:37 | Sporazene You need to fully read last update,big sell mopped up again today I also took another 100k nearly to the magic 1 million 200k to go this will 100% make me money in the next 7 months don't you worry. The financial information has been prepared assuming the Group will continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading or seeking protection from creditors pursuant to laws or regulations. As at the 31 December 2018 the Group had a cash balance of US $15.6 million. This balance is sufficient to fund Echo's near term expenditures, including a commitment to acquire seismic data in the Tapi Aike area. Whilst rigorously pursuing cost control and value maximising strategies, the Group recognises that in order to pursue organic and inorganic growth opportunities and fund on-going operations it will require additional funding. This funding may be sourced through debt finance, joint venture equity or share issues. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group and Company were unable to continue as a going concern The directors have formed a judgement based on Echo's proven success in raising capital and a review of the strategic options available to the Group, that the going concern basis should be adopted in preparing the financial statements. | avsome1968 | |
15/5/2019 11:29 | avsome - i dont see this moving much until they start drilling and given they dont have the cash to do that we're likely to see either asset or company dilution before then (or both), so hard to know what you're really buying into, wouldnt you say? | sporazene2 | |
14/5/2019 20:46 | Few big sells someone wants out ive been buying around 2.50 mark happy to bargain lot of news to come average down to 3.20 now, can't believe this price isn't been bought into . | avsome1968 | |
02/5/2019 21:11 | Just listened to this hxxps://www.malcysbl I have to say not overly impressed as for too much glib talk about m and a which seemed odd given the share price and the reality of their cash explained in the Going Concern Statement.He did not comment on the depth of their team so I have no idea if they have the management infrastructure to do an acquisition. No mention of CDL and said that on Bolivia continuing to see what their neighbours were doing. Given the political situation have no interest in buying more but for me no point in selling at these prices | cerrito | |
02/5/2019 14:33 | Strange I was expecting a better reaction | cascudi | |
02/5/2019 07:16 | Noticed this from today's results statement: Going Concern "As at the 31 December 2018 the Group had a cash balance of US $15.6 million. This balance is sufficient to fund Echo's near term expenditures, including a commitment to acquire seismic data in the Tapi Aike area. Whilst rigorously pursuing cost control and value maximising strategies, the Group recognises that in order to pursue organic and inorganic growth opportunities and fund on-going operations it will require additional funding. This funding may be sourced through debt finance, joint venture equity or share issues. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group and Company were unable to continue as a going concern The directors have formed a judgement based on Echo's proven success in raising capital and a review of the strategic options available to the Group, that the going concern basis should be adopted in preparing the financial statements." | itsriskythat | |
02/5/2019 07:09 | net current assesst 21m dollar that is about 16m pounds.. mcap 14m pounds | cascudi |
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