Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEcho Energy Share News (ECHO)

Share Price Information for Echo Energy (ECHO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0035
Bid: 0.0032
Ask: 0.0038
Change: -0.0001 (-2.78%)
Spread: 0.0006 (18.75%)
Open: 0.0036
High: 0.0036
Low: 0.0035
Prev. Close: 0.0036
ECHO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS SUMMARY: Echo Energy, Enwell Energy, Sivota revenue rises

Fri, 30th Sep 2022 22:02

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

----------

Sivota PLC - investment vehicle focused on later-stage, Israeli technology firms - Pretax loss widens to GBP1.8 million in the first half of 2022 from GBP62,000 a year before, as administrative expenses jump to GBP1.1 million from GBP65,000. Records revenue of GBP1.1 million, up from nothing. Attributes revenue to the acquisition of Apester.

----------

Ariana Resources PLC - exploration firm with interests in Turkey, Cyprus and Kosovo - For the first half of 2022, pretax profit falls to GBP2.9 million from GBP7.1 million. Attributes this to a profit on restructuring in the prior period of GBP6.4 million. "We look forward to providing further updates from our exciting pipeline of projects and investments, representing a full spectrum of opportunities across commodities and jurisdictions, yet maintaining a continued focus on advanced projects in gold and copper, particularly in south-eastern Europe," Managing Director Kerim Sener comments.

----------

Tower Resources PLC - Africa-focused oil and gas company - Pretax loss for the first half of 2022 widens to USD522,127 from USD39,458 a year before. Records no revenue, unchanged from a year before. Total administrative expenses swing to a loss of USD520,416 from a profit of USD90,449. "We are continuing to make progress in Cameroon and Namibia; and despite the legal issues Shell has faced in South Africa we are confident that we can still move forward there, albeit with caution. We want to drill as soon as we can in Cameroon in particular, and this continues to be our immediate priority," Chair and Chief Executive Jeremy Asher states.

----------

Crystal Amber Fund Ltd - Guernsey-registered fund - Net asset value per share stands at 145.03 pence at 30 June, up versus 143.19 pence as at December 31, 2021. Records a total NAV return of 8%. Explains that it continued to optimise outcomes for its portfolio companies.

----------

Enwell Energy PLC - London-based oil and gas company - Pretax profit in the half-year to June 30 soars to USD48.9 million from USD18.1 million Revenue jumps to USD77.2 million versus USD41.1 million. Credits this to "significantly" higher gas prices offset by lower production volumes. Cautions about the impact of the conflict in Ukraine on its business.

----------

Echo Energy PLC - London-based energy company focused on Latin America - Pretax loss in the first half widens to USD2.0 million from USD1.3 million. Cost of sales rises to USD7.3 million from USD5.5 million. Exploration expenses grow to USD143,545 from USD45,807. Revenue increases 6% to USD6.2 million from USD5.9 million, as production over the period has continued to remain strong. Secures new gas contracts for 2022-2023 significantly above the 2021 annual pricing.

----------

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
18 Apr 2023 10:48

Echo Energy sees fall in quarterly oil & gas production in Argentina

(Alliance News) - Echo Energy PLC said on Tuesday its cash balances have "significantly weakened" amid fall in Argentine production and high inflation.

Read more
3 Feb 2023 16:30

TRADING UPDATES: Altona extends repayment; Kefi advances Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
13 Jan 2023 11:08

Echo Energy fourth-quarter production up; aims to accelerate growth

(Alliance News) - Echo Energy PLC on Friday said production was up in the fourth quarter, as it targets the reopening of more wells.

Read more
6 Dec 2022 17:47

Echo Energy completes reactivation of Chorillos wells at Santa Cruz

(Alliance News) - Echo Energy PLC on Tuesday said it has successfully reactivated three wells in the Chorillos field, after a dormant period of four years.

Read more
6 Dec 2022 12:37

Echo Energy reactivates three Chorillos wells

(Sharecast News) - Latin America-focussed Echo Energy updated the market on progress with the reactivation of three wells in the Chorillos field on Tuesday, which it first announced on 10 November.

Read more
2 Dec 2022 14:45

Echo Energy submits shares to AIM on completion of debt restructuring

(Alliance News) - Echo Energy PLC on Friday said that, following the completion of its balance sheet restructuring, it has made an application for over three billion shares to be admitted to trading on AIM.

Read more
2 Dec 2022 12:39

Echo Energy set to complete its debt restructuring

(Sharecast News) - Latin America-focussed Echo Energy announced the completion of its debt restructuring and issue of equity on Friday.

Read more
11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
10 Nov 2022 14:35

Echo Energy makes good progress at Santa Cruz Sur

(Sharecast News) - Latin America-focussed Echo Energy updated the market on progress in the execution of the Santa Cruz Sur assets production and infrastructure enhancement plan on Thursday, which it first announced on 7 July.

Read more
18 Oct 2022 15:18

IN BRIEF: Echo Energy debt holders agree to restructuring plan

Echo Energy PLC - producing from Santa Cruz Sur project, onshore Argentina - On Thursday last week, holders of EUR20.0 million in 8.0% secured notes issued by Echo agree to restructure the notes. Note holders representing EUR10.5 million in notes approved the plan by 67%. The deal, if approved by Echo shareholders at a general meeting called for Monday next week, will see EUR15.0 million of debt principal, plus accrued interest, will be converted into new shares at 0.45 pence per share. Earlier in the week, Echo had reported that it produced 392,253 barrels of oil equivalent in the first nine months of 2022, with net production increasing in the third quarter from the second.

Read more
28 Sep 2022 08:11

IN BRIEF: Echo Energy completes first stage of Santa Cruz Sur plan

Echo Energy PLC - London-based energy company focused on Latin America - Says it has successfully completed "first operational priority" of Santa Cruz Sur plan. The plan, announced in July, aims to materially lift output at Santa Cruz Sur. Echo Energy says all three power generational units are fully operational in the Cerro Molino Oeste, El Indio Oeste and Oceano fields. They will provide power to support "existing and future production levels".

Read more
22 Sep 2022 15:49

UK shareholder meetings calendar - next 7 days

Friday 23 September 
Accsys Technologies PLCAGM
Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
Thursday 29 September 
ActiveOps PLCAGM
Chill Brands Group PLCAGM
Coral Products PLCAGM
Echo Energy PLCGM re approval of annual report
Jaywing PLCGM re funding
Orient Telecoms PLCAGM
President Energy PLCGM proposed capital reorganization
Samarkand Group PLCAGM
TransGlobe Energy CorpGM re merger with Vaalco Energy Inc
Ted Baker PLCGM re shareholders vote on acquisition by ABG 
Vaalco Energy IncGM re merger with TransGlobe Energy Corp
Van Elle Holdings PLCAGM
Walker Crips Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
6 Sep 2022 14:51

EARNINGS SUMMARY: Alumasc ups annual payout; PCI-PAL loss narrows

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
30 Aug 2022 20:17

TRADING UPDATES: DP Poland finds new CFO; Spectral MD wins new money

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.