Echo Energy Share Discussion Threads

[ride daice] 20/5/2020 10:20

If we can ride out the storm I think you'll see 3.5p again given time. There aren't many companies that can increase their prices in the current global climate thinks I.

[peterdonovan] 20/5/2020 09:21

I need 3.5p to break even lol

[richpassi] 20/5/2020 09:02

Yes keep the faith !, I bought at 1p so not got to rise too much ..........hold on it was the 1p BEFORE price restructure !!! So glad I don't bother with gambling no more ;)

[peterdonovan] 20/5/2020 07:30

Excellent news keep the faith guys

[bad gateway] 19/5/2020 15:44

WOWZA. Back in business again. Good old Argies they've gone and saved echo's bacon.

[steelwatch] 19/5/2020 15:37

Wake up call:

Argentina Market Update

Echo Energy, the Latin American focused upstream oil and gas company, provides an update on local oil prices in Argentina, following a government decree that was signed and published on the evening of 19 May 2020.

In order to support and promote the local hydrocarbon industry, the government of Argentina signed and published a decree (the "Decree") to, amongst other matters, set a fixed reference price of US$45 per barrel for Argentine standard Neuquén Medanito crude subject to standard local quality discounts. This is significantly above current international prices and provides potential support for local producers such as Echo to increase cash flows in the current climate.

The legislation is effective immediately and will last until the earliest of either 31 December 2020, or until such point ICE Brent exceeds a price of US$45 per barrel for more than 10 consecutive days. This price is subject to periodic review. Furthermore, mandatory requirements have been set, subject to demand, for refiners to pay producers on a fixed price basis and refiners are prohibited from importing crude oil from abroad, providing that certain terms and conditions are met which include supporting local demand.

In light of these positive events, the Company is currently assessing the effect of the Decree upon its Santa Cruz Sur assets, including the prospect of increasing oil production.

Further announcements will be made, as appropriate in due course.

[brookemia] 28/4/2020 09:58

Sarah Dees Linked In profile:

► IR Consultancy. I created Wood House Wealth in 2016 as an IR consultancy specialising in AIM listed shares. I am responsible for all shareholder engagement, institutional capital raising (clients include Sound Energy, Echo Energy Plc and Coro Energy Plc)

Responsible for a lot more......hmmmm300;

⏳👮R05;♂️👨‍⚖;️🥊🤔🔜

[giantpeach2] 24/4/2020 11:07

That would be great news!! will deffo give the share price a boost.

[steelwatch] 24/4/2020 10:21

This may explain the sudden spike:

[manc10] 23/4/2020 10:19

anybody seen raytard the stock picker looooooooooooool

[burtond1] 19/4/2020 14:13

https://twitter.com/tmsreach/status/1251860351169241089?s=21Interesting comments from Malcy

[brookemia] 10/4/2020 06:58

8% interest issued at 80% of par, 10% fee and warrants. Could be Sound Energy, Coro Energy or Echo Energy. Today it is Echo Energy. The debt bubble is planted in each. Heed the warnings. The share price is under pressure. As an investment the game is over. My favourites include: " it would be rude not to", " a cheeky little top up", " these same people had a 50 bagger at IRG/Echo(sic)" and " all the more for me". I hope everyone involved doesn't waste any more time and money on Echo Energy. I'm sad to say it's not your money anymore. Stay and see the end but make sure it will not cost you money. There is oil/gas revenue but it is matched by cost of sales and administration costs and interest costs(suspended). There is unlikely to be any drilling and cost savings will be the only game in town. Expect the CEO to go or accept NED status as at Coro Energy. Mr Parsons and Marco to rule the roost.

[brookemia] 29/3/2020 20:31

Tlou Energy (TLOU) issued a response to prevailing financial market conditions. Main point is that directors are reducing their salaries by 50%. No such luck for shareholders at Echo Energy (ECHO). They’re just "asking the holders of its debts to defer all cash interest payments during 2020.”

There were other announcements from “old favourites” Anglo African Oil & Gas (AAOG), Ascent Resources (AST) and Zenith Energy (ZEN) too, but I’m not sure that, other than the comedy aspect, there’s that much interest anymore in what are openly non-viable companies.

[ak62] 28/3/2020 20:02

The Company has commenced discussions with the holders of the Company's unlisted debt instruments and based on the indica􏰀ons of support received to date from those debt holders, the Company currently believes that it will be able to achieve a restructuring of those debts to defer 2020 interest payments

[ak62] 27/3/2020 08:41

heading back over .75p ?

[rwells4474] 17/3/2020 17:19

Only 91% down

[catchingmice] 17/3/2020 13:56

0.26 Says it all for this excuse of a companyAnother getting tucked away for 20yrs in the bottom drawer