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
  -0.005 -5.71% 0.0825 42,596,807 09:09:33
Bid Price Offer Price High Price Low Price Open Price
0.08 0.085 0.0875 0.0825 0.0875
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.13 -15.27 -1.99 1
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:16 O 2,807,700 0.0825 GBX

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Posted at 07/2/2023 08:20 by 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 0.09p.
Echo Energy Plc has a 4 week average price of 0.08p and a 12 week average price of 0.08p.
The 1 year high share price is 0.59p while the 1 year low share price is currently 0.08p.
There are currently 1,452,491,345 shares in issue and the average daily traded volume is 60,444,345 shares. The market capitalisation of Echo Energy Plc is £1,198,305.36.
Posted at 06/2/2023 08:23 by ga_dti
Latest CEO interview discussing the commercial update regarding the gas sales from the producing Santa Cruz Sur assets -


Posted at 02/2/2023 14:57 by peterdonovan
Buy low sell high mate is the game sxx was my best ever share tbh bought in at 3p sold at 24p Second best was tcg bought at 10p back in 2011 sold in 2014 I think for £1.84 bought a few houses with the profits had to pay a lot of capital gains through, down averaged with Echo so all good ,the turning point is hopefully today and I do agree the bod needs to be purchasing shares at these levels, my choice to invest my money where I want tbh everyone has there own appinions only invest what you can afford , i can afford it can you lol .
Posted at 02/2/2023 13:27 by helpfull

You hit a nerve there Peter.

Steady on.

Do you ever look at the share price? How long have you been promoting the share?

Be careful.

Posted at 24/12/2022 10:54 by helpfull
Something strange has happened? Or has it?

"Andina Plc, an existing shareholder of the Company" has exercised warrants priced at 0.25p when the current share price was 0.12p. Why? 33,190,876 new shares bringing just under £83,000 to the company coffers. Shareholders even get told who exercised the warrants and how many shares they own even though the holding is below 3%.

So why would someone exercise warrants at an immediate loss (~50% or ~£40,000)? Perhaps the company needed the money? Echo certainly has problems. It has €10,000,000 bond debt outstanding (due 2032) and, at last count, $19,511,235 trade payable debt.

In August this year the company raised £0.6 million (before expenses) although it held $1,314,969 cash on 30 June 2022. That followed a cash raise of £660,000 in January this year when there was $742,339 cash in the bank at end of Dec 2021.

Be prepared for the next cash raise. At a time when there are billions of loose shares, it is going to be messy.

Be careful.

Posted at 22/12/2022 13:37 by helpfull
Hands up all the mug punters who thought this would migrate to 0.45p after the debt reorganisation?

"Completion of the restructuring of the Company's balance sheet is a very significant and positive milestone for Echo Energy"

"The conditional conversion of debt into equity at a large premium by our largest single debt holder represents a vote of confidence in the Company's future"

Listening to the wrong people could lose you money. Listen to the rush of feet to the door, as those who have given a "vote of confidence in the Company's future" leave the building.

How low can the share price go? How many more shares are for sale? Billions.

Be careful.

Posted at 20/12/2022 09:58 by gary38
At this very low share price is there a possibility of a takeover,if so what price per share would be offered and excepted.
Posted at 12/12/2022 19:30 by helpfull
Are Lombard Odier buying or selling Echo Energy shares?

12 Dec 2022 : 1,298,553,877 shares in Echo.

14 Oct 2022 : 188,949,943 shares in Echo.

From Final Results in September:

"as at 31 October 2022, the total outstanding debt and accrued interest of the LO Facility will amount to EUR 6,225,256"

€6,225,256 at €1=85p and 0.45p/share should bring Lombard Odier another 1,175,881,688 shares.

So LO should have 1,175,881,688 + 188,949,943 shares or 1,364,831,631 shares.

Today's figure of 1,298,553,877 suggest LO have sold about 66,000,000 share since 14 October 2022.

Remember these latest shares were converted at ~0.45p/share (almost a 40% haircut) and they are continuing to sell out. A good indicator of their thoughts on the future of this company. A red flag for small investors to heed?

Be careful.

Posted at 15/8/2022 06:59 by helpfull
Let me tell you a story.

About a company that announced the Successful Completion of Debt Restructuring. Where Parsons was Chairman. And Lombard Odier was a cornerstone investor. An oil and gas company. The same day the Successful Completion of Debt Restructuring was announced (11 April 2022) Lombard Odier started selling its shares. Millions and millions. Shareholders couldn't understand where all the sells were coming from. Until the announcements via TR-1. The millions turned into 100,000,000. The share price halved in a few months. The Lombard reportable holding was gone. The company was Coro Energy.

The word on the street from peeps at Coro Energy is that Lombard wants out of oil and gas. Had to go green. Sell down the holding at any cost. Debt interest conversion today gives them 213,949,943 shares to sell. Further conversion of debt will bring 1,300,000,000 shares to market. Let the selling begin.

Coupled with the placing shares and warrants. 242,000,000 shares to add on. Shareholders might gain an insight into how shares bought at 0.25p can be sold below the placing price by looking at Placing fees, advisor fees and the Arden fees. The trough is full.

Mug punters be warned. If Lombard are exiting oil and gas at any price there will be a continuous line of millions of shares coming to market. Do you know whose pockets your money is going to end up in?

Be careful.

Posted at 14/6/2022 08:28 by helpfull
Is there a march down in the share price?

"the Lender having the option, from September 2021, to receive interest value in new Ordinary Shares in the Company issued at a 10% discount to the then prevailing share price at the time of the quarterly interest calculation and/or at the Maturity Date"

For Lombard Odier, the €5 million debt would produce about £85,000 per quarter. On the date of debt restructuring Lombard also received 74,2000,000 warrants to subscribe for shares at 0.3p. Perhaps they like that price? They might be selling shares that they could replace with the quarterly debt interest conversion. £85,000 at 0.3p would convert to 28,300,000 shares. Give or take a few. Remember the 10% discount also. Is something similar in process at Coro Energy? Debt interest for shares.

Be careful.

Posted at 09/12/2021 07:05 by gary38
GREAT UPDATE,WELL DONE ALL AT ECHOEcho Energy PLC Operational UpdateSource: UK Regulatory (RNS & others)TIDMECHORNS Number : 0508VEcho Energy PLC09 December 20219 December 2021Echo Energy plc("Echo" or the "Company")Operational UpdateEcho Energy, the Latin American focused energy company, is pleased to provide an operational update regarding its Santa Cruz Sur assets, onshore Argentina for Q4 2021 to 30 November 2021.Daily operations across the asset base in Santa Cruz Sur and the delivery of produced gas to industrial customers under contract have continued uninterrupted during the first two months of Q4 2021. Production over the period from 1 January 2021 to 30 November 2021 reached an aggregate of 523,735 boe net to Echo, including 74,605 bbls of oil and condensate and 2,695 mmscf of gas.As a result of the completion of capacity increasing infrastructure works, gas production in November 2021 averaged 7.1 MMscf/d net to Echo, an increase over the 6.7 MMscf/d net production rate during the previous month.Net liquids production in the first two months of Q4 2021 averaged 255 bopd, and is an increase of 31% over Q1 2021 levels prior to the commencement of production optimisation and the bringing of shut in wells back on line. The benefit of both infrastructure maintenance and the previously announced commercial focus on high-quality blends at Santa Cruz Sur has also led to an increased frequency of oil sales during Q4 2021 to date, with total liquids sales net to Echo in quarter four to date of 16,855 bbls (Q3 2021 total of: 15,050 bbls). This increase in liquids production has helped to offset the expected natural decline in gas production over the year.
Echo Energy share price data is direct from the London Stock Exchange
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