Member Info for goza172

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...

Definition is my definition as a PI and he has had enough of !

The CEO at Echo could learn a thing or two from GL

Thanks Fishy

Does anybody have MH email?

I make no apologies for ripping into this company of which I have invested a lot of money based on the previous teams’ presentations based on Tapi Aike, which we never drilled. Nobody could have known about the pandemic and the devastation it caused, nobody could have predicted what is happening in the world right now, none of this really reflects on the lack of communication coming from Echo.

Its as if MH does not care. We are all hoping that results and new contracts will elevate this SP but the reality is that when it does, it flatlines shortly after, preventing any real long term gains for long term holders.

I am slowly coming to the realisation that this company will never ever raise itself to the heady hights of 20p like it was years ago. MH, if he is left to steer the company will continue to dilute the company through the share register whilst promising to return value to us, while achieving nothing.

There can be no excuse for the lack of comms, none…Not even an update on CL which is now how long since the drill finished, is it over a year?

I said last year that I was going to give MH 6 months, from memory he has around 2 months left, if he does not start delivering then he needs to go it’s as simple as that. I know a lot of people might think that this poster who is trying to get an AGM might be a bit of an irritant, but maybe it’s a path that people want to start considering.

If we are still in this position by the end of May, then ECHO2021 will be getting my support with my 2 million + shares that I own. Why should we simply just sit here and do nothing, its out company for goodness’s sake and MH should answer to us, we are the one who pay his salary !

There can be no excuse for the way this BOD are treating its loyal shareholders, FACT !

If a CEO is going to to continue to spout the mantra of "providing shareholder value"; then they must back that up, it is utterly shameful the way we are being kept in the dark, despite what people might think..

RED, I fully agree with you, but he needs to engage more, and what the hell is happening to the CL test......madness !

Ducati you is the man (or woman !)

It’s an effing disgrace and he is allowed to get away with it. You simply cannot be the CEO of an AIM listed company and run a company like this. He has to go, it’s simply not acceptable, what is Julian Bessa doing btw. At least Fiona keep shareholders updated. James Parsnip need to go, he is what’s wrong with this company. Renewables by ass, can’t even get the hydrocarbon side of the business sorted with record levels, the pair of them are a joke.

Marker, any more of that I will set Gizzy6574 on you, he is from ****feild and well hard !!

ha ha ha ha ha ha !!!, You are from from Sheffield, now that explains it now ha ha ha ha !!!!

Gobby67564, I am from Yorkshire and you embarrass me son !

BigBear2,

I am sorry mate, I am going to have to pull you up there as your theory contradicts Gizy66546 who says that his mate is waiting for a nod from a broker in London who is going to drop the SP again (just for him though) so he can get better price ha ha ha ha !!!

RT, thanks for your insight.

Lots of energy shares dropped yesterday, not just EME so nothing to worry about, although I am concerned that a guy is dropping the price so his best mate can get in on the action, its simply not fair for us mere mortals..lol !

"MM's Stop dropping the sp for your mates"

Giz76567, do you really think a bunch of guys are siting somewhere, dropping the share price so that mates can get in at a good price. Do you realise what you are suggesting. And you say that I don't know what I am talking about, you are thick son !!