Echo Energy Share Discussion Threads

[knackers] 31/3/2021 16:03

Ouch...nasty

NT to buy most of the day, says it all, we’re just too cheap down here.

Looking rather good for tmrw.

[coldspring] 31/3/2021 15:45

Be super bullish if we can break and stay above 1p today. That short must be burning

[paradores] 31/3/2021 13:03

Helpfull- I nearly take your advice last year. Very pleased for me, I did not.

You are a dangerous poster. Others should made aware of you, you look backward this is not a complete picture you present. You should carry a health warning yourself.

Shameful more like, not helpfull.

[gregpeck7] 31/3/2021 12:50

Screaming buy just let it rerate. Good assets finance sorted, rising commodity prices. Way too cheap. And new ceo is top drawer.

[knackers] 31/3/2021 12:24

Helpfull, let me tell you; no one, but NO ONE, is listening to you other than your alter ego handle/side kick of course.

Give it a break chum. You got this wrong.

Very, VERY wrong.

End of...

[helpfull] 31/3/2021 11:26

"We believe that as a result of these agreements, our contracted gas USD revenues for the year could be as much as 50 per cent higher when compared to May 2020 to April 2021, meaning they will deliver a material improvement in cashflow during 2021"

This should ring alarm bells. Last year 40% of gas sales were at local spot prices.
Investors should be asking themselves how low did spot prices go last year? You will not be informed until the final results, probably out in September. New Echo Energy gas contracts are worrying:

"Gas prices reflect the current modest supply squeeze which is expected to exacerbate over the winter. Current spot prices are US$2.40 per MMBtu with President projecting higher winter prices of US$3.60 per MMBtu"

That is a statement from a President Energy Feb 2021 Trading Update. At $2.64 per mmbtu Echo Energy might be selling its contracted gas output,at little above local spot prices. And that is on top of declining gas production. Be careful.

[billthebank] 31/3/2021 09:30

We believe that as a result of these agreements, our contracted gas USD revenues for the year could be as much as 50 per cent higher when compared to May 2020 to April 2021, meaning they will deliver a material improvement in cashflow during 2021

[helpfull] 31/3/2021 09:08

Happy loan day! They thought it was all over. It isn't now! Today is the £1,000,000 loan day. The first instalment of £100,000 to be paid by end of March 2021. $137,000 in todays money. Followed by £50,000 every three months until March 2022 when, because the loan couldn't be repaid last year the residual plus interest has to be repaid. 12% interest. So £1,000,000 next March. Then there is the $2,200,000 loan for compressors. Don't know about that? 70% interest to Echo Energy. $43,000 every month for 36 months. And what do the world beating BOD pay themselves? Last year their remuneration was $747,707. About $63,000 every month. Debt upon debt. The €25,000,000 loan has been put back. It accrues €2,000,000 interest every year. It is now up to €29,000,000. In three years it will be €35,000,000+. Oil production has fallen for Echo. Gas production is falling. Prices obtained have fallen. Be careful.

[billthebank] 31/3/2021 09:02

Martin Hull

We believe that as a result of these agreements, our contracted gas USD revenues for the year could be as much as 50 per cent higher when compared to May 2020 to April 2021, meaning they will deliver a material improvement in cashflow during 2021

[knackers] 31/3/2021 08:35

...gonna be a bear with a v sore head m’thinks

[cookalot] 30/3/2021 16:37

Technically there is resistance at 1.085: this is exactly where the price got before pulling back. I expect it to test this area again before advancing

[cookalot] 30/3/2021 16:29

Stale bulls getting out. Onwards and upwards

[richardp19] 30/3/2021 16:20

From the highs it dropped like a stone The twitter ramping has ceased and many have dumped at a loss

[knackers] 30/3/2021 15:25

Specsavers for you Rich. Keep watching over the coming sessions.

ECHO will be opening a new mini-play in the prolific Palermo Aike led by MA and CL wells in the coming months which could transform production and potentially facilitate rejoining the TAPI AIKE partnership and go after 80-150ft of high pressure gas. Multi TCF potential.

[richardp19] 30/3/2021 15:06

Dropping like a stone

[tidy 2] 30/3/2021 15:03

Initial target to fill gap 1.57 to 1.85. Today's news is enough to exceed this.

[tidy 2] 30/3/2021 14:38

Well done here. Over 5 times cheaper than Copl with their new producing acquisition

[billthebank] 30/3/2021 14:11

I coukd only grab 100k shares this morning and been out since aaaarrrggghhh Shouldnt be greedy

[knackers] 30/3/2021 13:55

Helpfull says ‘be careful’

What a 24 carat, prize t1t.