Member Info for abzzba

I guess we were dealt the Ace of Pentacles, seems we will be flying in no time.

When you start drawing down your pension you take the best deal you can get as many are finding out right now or you let it run, not dis similar to whats happening here, the best offer on the table for the bond holders is to accept the proposal,

Jaggers, we will put you down as a "maybe" !!

Really not sure why any investor should be feeling nervous about how the adjourned note holder vote will go, nor our future once this is behind us, its been a long time coming but it sure looks like 2021 will be the start of good times to come.

Might i suggest to check the last bondholders RNS May 1st 2020 and from the 2nd adjorned meeting 22nd May 2020.
Some more info at below link.

https://www.bourse.lu/issuer/EchoEnergy/84641

Davey, not sure i agree with that, if no further votes were cast the proposal would be accepted as per the below RNS paragraph.

In the event that current votes remain unchanged at the Adjourned Noteholder Meeting, the restructuring of the Notes would be approved as proposed by the Company.

Half expected this to drift a bit until agreement reached at the next bond holder vote so happy to see it ticking up, hope it continues.

as a man from Aberdeen i am all for Aberdeenmans prediction, been in this a few years quietly waiting for take of.

ranger, i think i can answer your question for you, no this was not your 3rd post as the village idiot, you have had many many more.
I think even a village idiot would realise yesterdays bond holder vote was a good result.

The Adjourned Noteholder Meeting will require a reduced quorum of 25 per cent. of the aggregate principal amount of the outstanding Notes, being considerably lower than the 75 per cent. of the aggregate principal amount of the outstanding Notes that had been required for the Noteholder Meeting.
Basically its the same situation / result as we had in May last year, its in the bag.

Not a bad result vote wise today, the future looks brighter.
Last line of the RNS states: A circular providing Noteholders with notice of the Adjourned Noteholder Meeting will be sent to Noteholders later today and will be available from the Company's website, this can be found at the below link.
https://www.echoenergyplc.com/investors/results-reports-and-presentations/

Agreed, echo have changed from high risk last throw of the dice drills such as TA to less risky developing already producing fields and opening up older wells, i prefer that cautious approach, much less risky, as for doom ranger he changes his mind on a whim, few days ago he was saying "Even I think the 15th is a given", seems he has changed his mind again, the word capricious comes to mind.

joel, i agree, it really irks me they have done nothing for 12 months, the workovers could easily have been started and been producing for months, only reason i can think of for doing nothing is they did not want to make the company to attractive to the bond holders, maybe thats wishful thinking but you got to keep the faith.

We have almost 400 million new shares in circulation, we can account for around 110 million of these through our two new TR1 investors, think many of the new PI investors that have bought in recent months have taken fright and are selling up with a profit, who can blame them, no doubt they will be back once the bond holder issue is sorted and we start getting news on how echo will spend our money going forward, those should be the exciting times and should not be far away, just need to get the bonds tucked away first.

Not sure why anyone should be surprised by todays drop, i am more surprised how small it was and the fact it held up Wednesday and Thursday.
We need a result on Monday, just hoping there is no delay with the bondholders.

ranger, you appear to be under the impression all 16 work overs are within the 3 gas fields where the pipeline work is to be carried out, where did you find that info ?, also if CL were to receive priority over the work overs the pipe line work would not hinder this as i believe a new pipeline is need to tie into the Chilean pipeline which is only a couple of km from CL well.

mcfcnige, think most would agree that with the bond issue behind us this should move in a more positive direction, how long it can sustain that positive direction without news is another question, surely we must be due news soon, we are way past the time scales MH suggested in his December and February interviews.

Looking at last May prices the sp fell towards the bond holder meeting may 1st and fell further until the agreement was reached later in the month

Both today and yesterday could have been a lot worse, lets hope for a Friday flier, the sp likes Fridays.

I think anyone with common sense realises we need good news RNS to get the sp moving, An RNS telling us the work overs are producing the extra production expected or CL well is commercial and producing xxxx boed, or Monte Aymond is pouring out gas etc etc.