Echo Energy Share Discussion Threads

[helpfull] 11/1/2021 10:44

Is this the day 167,000,000 more shares come to market? Was it at 0.51p? A nice 10%+ profit to be made. Plus the warrants. Mug punters form an orderly queue. I wonder if there will be a TR-1 for a new long term holder of several days like the previous time? Be careful.

[napoleon 14th] 09/1/2021 00:53

Smell the coffee!

I "waited for/forgot about" GGP for 13 years & look at them now...
ECHO won't take as long, & as there's a new purpose to them I loaded up.

GLA.

[helpfull] 08/1/2021 15:42

What's the cash situation?

On 30th Jun 2020, cash and cash equivalents were $1,164,408.

On 7th Jul 2020, £450,000(net) was raised bringing the total to about $1,700,000.

On 1st Dec 2020, the cash was down to $655,000. A burn rate of about $200,000 each month.

The two year end cash raises raised £1,460,000, or at today's rates $1,971,000, giving a total of $2,626,000 of cash.

Where will the money go? The £1,000,000 loan is not included in the debt reorganisation. £100,000 or $135,000 is due end Mar 2021. To be followed by 3 x £50,000 at three monthly periods this year and then £750,000 plus another £240,000 accrued interest in Mar 2022. That's $1,674,000 in total. Add on the $630,000 for salaries and $500,000 for repayments on compressors in the next year and that takes the cash situation negative. And that assumes that revenues will outweigh costs and there is no ongoing cash burn. Sadly, the next cash raise is not far off. Be careful.

[steelwatch] 08/1/2021 14:24

Thanks K. I've slimmed it down a bit, but could do with an up-to-date presentation to work from. Very much back burner for the time being.

[knackers] 08/1/2021 14:09

Steelwatch, be grateful if, when you have a moment, you might be able to update the thread header. Many thanks. K

[steelwatch] 08/1/2021 11:51

About GTLI

[knackers] 08/1/2021 09:12

If you were a local gas buyer why on earth would you contract for future supply at a premium to prevailing spot rates!? Huh? Spot rates are expected to soar, that’s why. We’ve already entered a period of significant asset inflation. I can see gas and oil at very significant premia to current prices by 2H.

You’re really not very helpful, just bitter and spiteful.

Today’s is a cracking RNS, especially as Bolivia had been discounted. Interesting that you had to be one of the first to comment this AM. Just what is your beef with this Co?

Honesty WOULD be helpful.

[helpfull] 08/1/2021 07:26

What a nonsense RNS. You'd think someone had 167,000,000 shares coming to the market in a day or so. Is this the same as trying to put lipstick on a pig. Investors should be focusing on 40% of daily gas production from Santa Cruz Sur, under current market conditions, continues be sold to the spot market at $1.60 per mmbtu. Be careful.

[knackers] 06/1/2021 12:12

Limp holders needed clearing out. Establishing support on solid t/o - all good.

Contracts and favourable terms also indicative of buyer confidence in supplier.

[coldspring] 06/1/2021 11:50

Ok so oil price is up which we produce and there has been good news about a gas contract but the share price drops......facepalm

[joelebeau] 06/1/2021 09:07

Gas prices are higher in May-September due to Argentine winter. That would also explain why the contract expires in April

[knackers] 06/1/2021 08:44

...and clear where gas prices are heading medium term too. Positive stuff.

[knackers] 06/1/2021 08:42

I like this no nonsense commercial narrative from ECHO. Quietly getting on with it. Good.

[helpfull] 06/1/2021 08:41

Ugh! That's not nice. Those gas prices in the RNS today are worrying.

" $2.00 per mmbtu representing a significant 28% premium to the prevailing local spot price in the fourth quarter of 2020" .

Compare that to 17th Dec commercial update :

" $2.00 per mmbtu representing a significant 26% premium to the prevailing local spot price in November 2020".

Compare to 29th June commercial update :

" current spot market of approximately US$1.95 per mmbtu which has increased by 45% per cent since 20 May 2020" .

How low did gas prices go? How low are they now? Revenues are being hit on gas sales. In June 2020 "a contracted gas sales price of US$4.37 per mmbtu" was in play. The half year report reported "average gas prices for the period to 30 June 2020 ranged from US$2.10-US$2.77/mmbtu". Today's RNS shows contracted prices achieved are far below spot prices of this time last year. And spot prices are even lower. Cash is being burned and on 11th January 2021 will there be another 167,000,000 shares coming along for the mug punter to mop up? Be careful.

[coldspring] 06/1/2021 07:07

Decent RNS, 28% premium to gas spot prices for a short term contract.

[knackers] 05/1/2021 18:40

Rear view mirror helpful, rear view.(tutt-tutt)

OPEC+ once bitten twice shy and didn’t today’s Oil price respond well...

I await the next work-over programme/ops and production update.
Beware false prophets.

[disruptor1664] 04/1/2021 13:33

Sounds bad Helpfull. If only there were any geopolitical / economic influences which could have accounted for a drop in the commodities which ECHO produce.

[helpfull] 04/1/2021 12:43

In the context of the share price, it has fallen from 2.5p to 0.5p in the past year. Hardly ahead. Production has slumped and price received per barrel of oil has fallen off a cliff. Debt has increased due to inability to make interest payments. On the bright side the number of shares in issue is ahead by 500,000,000 or so.

[knackers] 04/1/2021 11:34

...also important to put debt into context of stable and increasing production from core SCS assets and growing proven reserves.

Notwithstanding everything that has happened this past year, Echo has come through it.
Interesting year ahead to say the least.

[jason_scrap] 04/1/2021 10:43

By which time they'll be producing 10k bopd and 100m plus revenues... so pretty much a pointless concern at this point in time.

[helpfull] 04/1/2021 10:22

The debt is €25,000,000 at 8% and £1,000,000 at 12%. If the restructuring of the debt is agreed the debt will increase by €2,000,000 a year until 2024 when the debt would start to be repaid. The debt would then be €33,000,000+. Be careful.

[jason_scrap] 04/1/2021 10:11

Yes. But all repayments deferred until maturity date in 2025. So essentially zero debt at this particular moment in time

[purple11] 04/1/2021 09:49

is it about 8.5million?

[purple11] 04/1/2021 09:43

so how much debt has echo?

whats the figure?