Echo Energy Share Discussion Threads

[richardp19] 01/4/2021 15:44

Placing comign to echo

[oilbuy] 01/4/2021 14:30

Only if they sell !

[neo26] 01/4/2021 13:52

Someone got spiked 2day

[billthebank] 01/4/2021 13:05

Bounced off the bottom it appears and poss blue shortly?

[knackers] 01/4/2021 10:57

Give it up, Helpless.

Run the numbers on forward production. That debt over four years is a pi$$ in a pot. Four years!

DYOR people, this guy is the mug punter a sore and bitter loser.

[helpfull] 01/4/2021 10:49

Ouch! I hope there weren't too many mug punters stung at this mornings high prices. But don't worry maybe there'll be another group of mugs to take the burden off your hands. So the share price rises because debt repayment has been put back until 2025. Not true. There'll be no interest payments until 2025 but repayment of the debt starts in March 2024. Where did that year go?

And what do your shares buy you? Echo is only producing 210 barrels of oil a day. Many of their wells produce 10-15 bopd. Shocking. Gas production is falling and despite announcing contracts to sell "at an average price of $2.64 per mmbtu" which is "a 39% premium above current local spot price" revenues are better elsewhere in Argentina:

hxxps://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/033121-argentina-sees-recovery-in-gas-output-on-incentives-but-lng-imports-to-increase

Echo Energy is still debt ridden. €35,000,000 by 2025 with accumulated interest. But that is not the only debt. Yesterday the £1,000,000 loan at 12% was due a £100,000 repayment. Followed by £150,000 over the next 9 months and then £1,000,000 next March. And don't forget the $2,200,000 loan for compressors. All in a country that aptly cannot meet it debt repayment. Keep a careful eye on the Covid situation in Argentina. The country will do anything to avoid a full lockdown. And watch to see if the management of Echo doesn't try a third cash raise in 6 months. There is plenty of demand for shares and an unending queue of mug punters. It would be rude not to. You do not want to hear it, but, be careful.

[knackers] 01/4/2021 09:54

Buy the dip! Top tips

[coldspring] 01/4/2021 08:14

Where is helpful, hope they are ok. OUCH

[tomboyb] 01/4/2021 08:13

46mill vol in 13mins -

[coldspring] 01/4/2021 08:12

Incredible volume 40 plus million in 10 minutes, it was busy yesterday and only did 250 all day. Fair to say the herd have arrived.

[tomboyb] 01/4/2021 08:04

Being chased -

[coldspring] 01/4/2021 08:01

Blimey going for it, that's nearly 3 bags in a fortnight

[tomboyb] 01/4/2021 07:18

if the 88e party continues this will be 2p+ -

[napoleon 14th] 01/4/2021 02:35

Ride 1903 - LOL...

[knackers] 31/3/2021 19:49

Ride, very well played and FWIW my posts 7 & 18 Dec 20 below and nothing has occurred since to change my mind. Reckon these targets are still on the money:

+ + + + + +

07 Dec: If Martin can get the balance of debt restructured Echo will be in good shape. The relatively new Sur assets ‘sure’ look promising ;) with a fair wind success with the testing at Limite and a couple of healthy work-overs I’d have thought 3k boe a realistic near term production target, providing a solid base to open up western TA where I sense - if historical drills are a thing to go by - there is far better (gas) prospectivity than in the East. Still big potential there and at these prices, fully discounted. Toe dipping.

+ + + + + + +

18 Dec: Morning team, see what today brings then. Not selling a single share sub 3p, and that’s my near term target.

Echo is about as undervalued as Tesla is overvalued. Ridiculous state of affairs. If the mkt is a weighing machine it’s well and truly broke with these two.

Echo share price targets in the next 11-18 months:

- Work overs in Cruz Sur = 1-2p
- Campo Limite successful test = 2-4p with upside from low risk springhill vicinity
- 1st success in western cube TA = 7-10p

Exciting year ahead and all underpinned by growing production base and an oh so low share price In a nutshell - Risk very much to upside.

Martin Hull deserves a few options m’thinks. Respect.

[ride daice] 31/3/2021 18:41

napoleon 14th,

You are assuming the obvious. It could be IQ.

[ride daice] 31/3/2021 18:11

Ride DaIce - 17 Dec 2020 - 13:59:07 - 1743 of 1902

To say that I'm underwater here is a bit of an understatement. More like at the bottom of the Marianas Trench. Despite that I think its remarkable what the management have done to keep the company alive with the debt restructuring and various commercial deals.

If we can have as much relative success with the Geo I might end up merely scuba-diving.
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I would like to provide an update on the above which I posted 104 days ago. Having averaged down considerably I am now about to break the surface with the force of a Trident Intercontinental Ballistic Missile launched from a Vanguard Class nuclear sub. (Please note that I own the copyright for this statement which I intend to use for the treatment of erectile dysfunction)

I'll provide a further update once I've reached high sub-orbital spaceflight.

[gregpeck7] 31/3/2021 17:55

2p tomorrow this is still a stupid low price

[burtond1] 31/3/2021 16:37

We covered #ECHO a month ago.."The current market cap of £8.2m may begin to look cheap if kinder conditions in 2021 help it unlock the potential"@echoenergyplc trades up over 100% from the level covered. Can you really afford not to follow @TMSreach ?https://total-market-solutions.com/2021/02/echo-energy-plc/

[tomboyb] 31/3/2021 16:28

88e party!

[tomboyb] 31/3/2021 16:12

88E party coming here -

[oilbuy] 31/3/2021 16:09

You have been terminated , helpful