We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Have faith the backend will drop out of it a bit more first. GLA
I will be back at .5 to sell up. If it ever gets there!
Time for the annual Echo sabbatical. I will be back on good news.
Just another 5 months to wait then. A new definition of `soon`Blah blah blah
Good use of capital letters and paragraphs Maid. The only upside for you two is that in 5 months most will have forgotten you predictions.
good post ABZ'' good summary.. and yes we will continue to ignore
those posters in the green bin as they bring nothing to the table but gloom & doom
anyway we are due a massive rerate here at some point'' when these plans
start coming together, the first one will be the 40% increase in production mention,
that should see SP back over 50 + and steady on it's way to 1p
let's face it we are at rock bottom ATM @ 0.275P and the only way is up..
good weekend..
Brief summary.
30th May RNS: After infrastructure upgrade we achieved an increase of 53% in daily gas production at the Oceano field.
The 7th July enhancement upgrade RNS lays out similar works to the remaining fields plus the opening up of 30 wells that have been shut in for a number of years, no doubt pressure build up will have helped replenish these reservoirs, ECHO estimate these works should increase production by around 40%, these works are due to be completed by year end though we should hear news before then as each stage completes.
The above does not include the workovers mentioned in the Tier 1 doc available to view at the following link.
https://www.echoenergyplc.com/media/1532/2022-01-17_balanced_energy_portfolio_web.pdf
No doubt the resident derampers will jump on this and there is not a lot we can do about that, all i will say is, it will be the genuine investors that will have the last laugh as they continue with their sad little lives while we enjoy our profits and just rewards for believing in the company.
Or a blur day. Enjoy i will
Well the weekend is here and Echo will have installed a few more hired in bit's of kit to replace their duff ones. Looks good on paper when you get the first month of rental free and maybe a help with the installation costs too. It's a bit like getting new tyres on our car, cost you but it doesn't add any value to your old car.
As ABZ always says we are getting there or closer..... Yes we are getting closer to the deferred results. But i'm sure there will be a flurry of releases of completions of parts of "The Plan" before a set of Limp results are released.
Everyone enjoy the weekend, for us alcoholics (so I'm cast) it's just another couple of days.
almost a blue day
Yes it must be broker1. If it was not there is serious trouble for this share. A purchase of that magnitude and the SP did not flinch.
49 million trade looks like a glitch as BMN also had similar high volume trades cancelling out each other at the same time...
that was a quick 49 million
Upgrades are still a few months from being completed, the RNS said end of the year to complete infrastructure and re-open these 30 wells.
Huge trade bodes well, guess its wait and see however it under 4% of issued shares so no TR1 required (i think)
49m trade just now'' the biggest i have seen in a long while,
talking about the BOD buying in at these levels??
it could be them ? or someone that knows the upgrade is nearly completed ?
either way, we are well oversold here IMO
It’s a bit higher than that. 4p will do me.
OT are you another with a 0.27p average?
Typical derampers, nothing to add to the board that is constructive. Share price will fail company will end no one invested for a reason. Have faith in the reason they floated not in your opinions, which are odd on a share board.
guys (& gals) we are getting there, it won`t be long now !!!,
Same old story. I bought more because some report or other is coming. Good news is around the corner the pot of gold is at the end of the rainbow. Blah blah blah. Why are they constantly trying to get people to invest/lose more money. Sadist and masochists rolled into one. Tell us when is this all going to happen. Or i know soon.
Same old story. Some report or other is coming , good news on the way blah blah blah. Problem is it never happens. Just rampers trying to get other suckers to lose their money Odd to see a sadist and a masochist in the same body.
Had a little top up last week, such a low price can’t resist a few more. Q3 earnings and the 2021 annual accounts report both likely due in the next 6 weeks. Infrastructure upgrades ongoing and significant wells opening and intervention operations upcoming in the 4th quarter.