PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Sorry but this guy talks some Bolox…
Enough said !!
Nearly half a TCF of gas must be worth $billions at todays prices surely !
Does anybody have any thoughts on what Mako looks like in terms of revenue for our 8.5%?
I know its all down to GSA pricing but would anybody hazard a guess?
Thanks..
Just received this, make of it what you will.....
Dear Christopher
Thank you for the message. I will endeavour to address your points in full in due course but in the interim wanted make clear I understand and appreciate your frustrations.
Best
Martin
BigBear2, just a question, where did you pluck 10 bags from, I am curious?
We all think and want this share to do very well, but to pluck a number out the air, well....it a little misleading don't you think ?
Well, no reply as yet - This used to happen at Sound. I would off emails for Parsnips and not hear anything for a few weeks. Soon as an RNS would appear he would reply with a bulls...t excuse !
Anyone know when the AGM is, I am going to ensure that I am there this year..
Cheers Gaz, good read mate.
Honest question, are you serious that you think MMs are "taking this down" ? what the heck does this even mean?
that cares about us perceived ‘small people”
This is nothing personal Martin, but I am a working-class investor who wants some clarification on what I am investing in.
Since your appointment you have used several phrases, such as “maximising value for shareholder” but as my investment in Echo is now down 97%, I am baffled as to where this value is.
I have also emailed you from my persona account to maximise the chances of getting a reply from you.
Best regards
Good morning Martin,
I hope this finds you well. I had emailed Echo previously using the generic echo info email address but did not get a reply and managed to get your personal works email address from another investor.
I understand that you are either reluctant to go into writing or cannot do so for market rules, so I will not waste time asking questions that you will not be able to answer. My email is merely to try to highlight my disappointment and frustration at how I see my company going, after all I am an investor of the company and given the very substantial amount of money, I have invested I feel I am justified in venting my frustration.
I don’t speak for other investors, but I do know that I am not alone in this frustration, I hope that you would share this thought, after all, we are languishing at round half a British penny now and I for the life of me cannot see how any company with our potential finds itself in this position.
This frustration is further compounded but any lack of enthusiasm to engage with the very people who put their faith in the Echo management team and invest hard earned money and get nothing in return other than than a continually eroding share price
This is one thing, but I would respect the company more if we were kept up to date, whether it be by social media, time with the team or any other platform that lets us “little people” know what is going on.
I would like to mention the test in CL. I am not a drilling expert Martin, but I do work in the oil and gas industry where drilling is part of the project I am working on. Drilling & testing has not once been stopped during the pandemic. I am not for one minute saying that this can be applied in parts of the world such as Argentina where Covid restrictions might be different, but the last update shareholders got, if I am not mistaken was April 2020 in an operational update where we were informed that the test was suspended because of restrictions in place due to Covid.
To put this into context Martin, we spudded the CL well in January 2020, this is over 2 years ago and we have not heard much about the test since then. How can this be acceptable? Over 2 years have passed since the we reached TD on the well and it’s still not been tested, and we still don’t know when its going to be tested. It appears to me that the test has been lost down the very hole that it drilled.
We have heard more about the company’s commitment to ESG and renewables, than we have about the CL test, and this frustrates and confuses me as an investor. How can we focus so much on a solar project when we cannot seem to get the Hydrocarbon side the of the business updated? We are not Shell or BP, nobody is that concerned about solar, let’s get CL tested and increase our investments.
I am not sure if you see how we as investors get frustrated Martin as you do not seem to want to engage but this must change in my opinion, as I would rather have a CEO running the company
I think that there will be a lot of eyes on our assets given what has happened and it will now be far more attractive for an energy company to farm in, or for GL to get the financial package needed to get phase 2 started.
One thing is for sure:
1) The gas is still in the ground
2) We have a much more respectable team in place running the company
3) We will be generating cash within 24 months, personally I think sooner
4) There is so much more room for further discoveries
5) All the above is super enhanced with gas prices and the need for Europe to move away from Russia.
I know its frustrating, but we are certainly moving in the right direction and for once in a long time I am really excited about our future...