Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
As CCO he is oblighed to keep other cards on the table- If this was not going anywhere we would have known by now. Its going to happen, its the scale, complexity of the first project of its size being executed in Morroco thats most probably taking longer to get sanctioned..
What a great presentation and we are lucky to have Gary in our board. The way the company is now being managed is setting us up for success longer term. The gas is there, but having the infrastructure and finance in place is key. If we can get the Phase 2 development FID over the line, I really believe that this company will grow significantly.
After many years, hoping and thinking good things will come, it’s finally over. No coming back from this now. I am genuinely gutted…I’ve lost a huge amount of money, which I would not mind had it not been for the criminal actions of this board, I really cannot believe That this type of negligence is allowed on the U.K. financial market…I’m out, good luck peeps…
utter **** show, no words can really describe what has happened to this company. this should be illegal, utter fkn charlatan mh has pi55ed people’s money up the wall. echo is officially finished, 5 billion shares…..joke !!!
Sorry Kyle but I need to reply.
GL is completely different to JP - He is an engineer who knows about the industry, has worked at the top of the industry and knows how to manage oil and gas.
To claim that the guys are only there for their salaries is utter tosh, they are there out of integrity as they know what is there and want to be part of a discovery, a successes story. Any of these guys could walk away tomorrow and walk into a job with and oil major.
Sound will come good - I am on a project that has taken one of the world’s biggest energy companies nearly 9 years to get over the line and it’s still not finished.
If you are so bitter -sell and p155 off !! Simple really
Hi KTF - I didnt pay that obv, I think I was in for about 250K altogether - I got greedy and when the 1st of the 3 well campaign failed its was like catching a falling knife, and then the 3rd well got cancelled and puff.....it was all gone. I have never sold a share - I dont think we will see a pound again due to dilution, but a decent double didget return once/if another discovery is made will see me able to retire...Finaly !
I haven’t posted in a while – I have been invested since 2010 – held 1.6M shares when it went to a £1.02, and never sold. Most would say I was greedy and at first glance you would be right bit there were other reasons I did not sell..I have been adding since though !
Fast forward, people are saying that the company is in better shape, better management, saved from the brink etc….
I work in the oil and gas industry as I have said before, at a medium level, so I understand that delays happen, timelines slip, etc etc, its not great but this is what happens, even to oil majors with deep pockets.
I like Graham – he is not as polished as our previous CEO but he knows the game and bit by bit he is delivering.
I had a chat with GL a while ago and without going into specifics, he is frustrated at the lack of resources available to him but at the same time he is relishing the challenge.
I still really believe in this company- we still have a wee way to go but we are heading in the right direction. Getting phase 2 FID over the line, the drill program sanctioned, and then a decent discovery will propel our company, that I have no doubt.
As sad as it is, the geopolitical issues and its effects on crude prices are only helping our potential and its not likely to end any time soon.
Keep the faith Sounders – good things will come in 2024 – I remain positive..
Fully agree Pound. I have an eyewatering loss on paper and would kick myself most days that I did not sell at a quid.
I like the balance we have, I also like the fact that we have gas and not crude, that for me is important. I do agree, if we drill and get more discoveriess then this will retate significantly, its just a waiting game and I am topping up every pay day !
martin hull, chief executive officer of echo energy, commented: 'this is a transformational moment for the company as we look to put our recent challenges behind us and create a new, stronger and more financially robust platform blah blah blah blah . i am excited about the future and the opportunities that lie before us and look forward to progressing the transaction in the coming weeks and updating shareholders on our progress.'
aka........i am looking forward to taking the money, whilst i give zero back to shareholders !!! ****!!!
Rosso, oh you clever little thing, how difficult is it to get a binary outcome right !!
I am with everyone else, these deals are complex in nature, it now gives me 6 weeks to increase my holding and I am chuffed with being able to do that!
The Russian/Ukrainian conflict has set the green agenda back a decade or more. I work in Oil & Gas and have been privy to some pretty high level info on future Oil & Gas projects by an American Super Major - Oil & gas is here to stay for for a long time to come..