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Share Name Share Symbol Market Type Share ISIN Share Description
Echo Energy Plc LSE:ECHO London Ordinary Share GB00BF0YPG76 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.05p +1.47% 3.45p 4,404,971 14:31:44
Bid Price Offer Price High Price Low Price Open Price
3.30p 3.60p 3.70p 3.40p 3.40p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -7.44 -2.70 16.4

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DateSubject
25/5/2019
09:20
Echo Energy Daily Update: Echo Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ECHO. The last closing price for Echo Energy was 3.40p.
Echo Energy Plc has a 4 week average price of 2.10p and a 12 week average price of 2.10p.
The 1 year high share price is 19.50p while the 1 year low share price is currently 2.10p.
There are currently 474,939,144 shares in issue and the average daily traded volume is 7,431,316 shares. The market capitalisation of Echo Energy Plc is £16,385,400.47.
02/5/2019
21:11
cerrito: Just listened to this hxxps://www.malcysblog.com/2019/05/core-finance-interview-martin-hull-of-echo-energy/ 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
15/2/2019
15:03
steelwatch: Sep - RNS on Tuesday didn't help. Phoenix - current Echo share of production c. 1000 boepd (oil and gas). Main focus here is gas exploration.
15/2/2019
10:01
l30nski: Ziblot I know the feeling, as it stands I wish I had jumped ship yesterday but that was then this is now. Question is will the Echo management support the share price, a few director buys would certainly help steady the ship.
30/1/2019
18:14
napoleon 14th: ECHO - TheShareHub. The first HEADS UP of 2019 goes to ECHO ENERGY. Echo Energy, is a Latin American focused upstream oil and gas company, with an active operational programme in 2019. On Jan 8th 2019, the company issued an update on operations: “Further to the Company’s announcement of 11 December 2018, the Company confirms that the equipment required for the stimulation of the EMS-1001 well, drilled in June 2018 on the Company’s Fracción C licence, onshore Argentina, has now arrived on site and that stimulation operations have commenced.” END. Assuming progress has gone ahead as planned, results from the early stage work should be coming through shortly. Investors looking for high risk vs high reward but with a decent platform to fall back on such as core production streams and cash in the bank… look no further… The company has a two well Stimulation Programme lined up meaning that if EMS-1001 disappoints, they have ELM-1004 to follow straight after. During 2018, the Company drilled four wells across the Company’s onshore licences in Argentina (Fracción C licence). The first (ELM 1004) and third (EMS-1001) of these wells were initially successful with the Company announcing on 21 June 2018 that the third well in the sequence was considered potentially material following interpretation from the wireline logs. Current Production In 2018, the Company successfully completed four well interventions (CSo-96, CSo-104, CSo-21, and CSo-80) in the Cañadon Salto Field, onshore Argentina (Fracción D licence). On 22 October 2018 the Company announced that these wells had achieved stable production levels. Production from these wells has contributed to a total Company average net production in the year to 12 November, of 876 barrels of oil equivalent per day. Following the success of these workovers and the associated production uplift, the Company has identified a number of additional candidates for well interventions and expects these operations to commence this quarter (Q1). The Company is also evaluating the potential for gas development projects within the Fracción D licence, with a view to monetising existing undeveloped 2C resources. Key Asset: Tapi Aike The Company’s primary objective in acquiring its Argentinean business was to secure access to the high impact Tapi Aike exploration acreage. Tapi Aike – Seismic Acquisition. 3D seismic’s over 1200km2 on the Company’s high impact Tapi Aike exploration should be underway soon as per last years update and cited to take approximately 4 months. The Company believes that the Tapi Aike licence offers a compelling multi Tcf exploration proposition and, following completion of the upcoming seismic acquisition programme and subsequent data interpretation, the Company currently expects to define an initial 4 well exploration drilling programme with each well estimated to cost between US$2 million and US$5 million net to Echo. Cash: Cash balances of £26.1 million as at 30 June 2018 Debt: Approx £12m via Bond 8% per annum. Warrants attached exercise price of at 15.1875p. Bonds due May 2022. Market cap: £41.3m Current Share Price: 8.65p The cash pile will have reduced from June 2018 but with ops running low for the last 6 months due to delays, the cash pile should not have reduced dramatically. With close to 1000bopd production, the Bond 8% interest should be comfortable to manage along with capex. Should well stimulation plans go to plan, production could rise significantly and potentially enhances plans for Tapi Aike. The share price looks cheap based on cash balance and production levels. Throw in the active well plan and the risk vs reward is compelling. Not for the faint hearted and key risks remain. As with all stocks. Research thoroughly and do not invest more than you can afford to lose. Target Price: 25p (Approx 3 bagger potental)
08/1/2019
16:29
crystball: Good to see some stimulation of the Echo share price!
08/1/2019
16:05
l30nski: Stimulation programme is working well so far, well on the share price at least. Goes to show despite the depressed price people are still optimistic about the possibilities.
11/12/2018
07:36
wedgie74: Fiona stepping down, i can see the share price taking a big hit
30/10/2018
08:32
l30nski: Indeed, would be good to get some form of support for the share price from the powers that be at Echo.
12/10/2018
09:18
pilkersa: I think there must be something wrong with the share price. It seems to be increasing!
29/5/2018
12:29
steelwatch: Malcy on Friday re. placing: Echo Energy Echo has announced that it has raised £8.5m through a placing and subscription at 12p with funds raised to accelerate their full seismic commitment over Tapi Aike at a really competitive price saving the company some $7-8m. It seems that the company needed to strike whilst the iron was hot, so to speak, and with the current offer for the seismic work being some 30% less than expected and about to expire this is a no-brainer. When you are looking at 2,000km² and that Tapi Aike is the blue chip asset waiting to be assessed this concentrates the mind and shareholders should rejoice. As to the raise it also seems eminently sensible to me, getting institutions on board at a reasonable discount is very wise and that an open offer was impossible given the time needed to produce documentation. With the rate of progress on the Fracción C drilling programme, where the next well spud is imminent, finding the necessary ten clear days would be at best counter productive. As I understand it the quality of institutions is first class and balances the shareholder list well. The share price has fallen 15% at time of writing which is technically understandable given the discount offered but definitely provides an opportunity for those who believe that this shows all the hallmarks of a really good play with significant upside.
Echo Energy share price data is direct from the London Stock Exchange
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