Member Info for gregpeck7

???? Sorry I don't understand.. 2p is not an end point its just a part of the journey, none of us know when it gets there, but we are all convinced there is a dramatic valuation by the market of this company. Recent media interviews seem to share this view and some have gone into a lot of detail, but you cannot force the MM's to set a 2p price. Personally I see a lot of churn at the moment, but once its "done" I think a fairly dramatic upward shift is coming.

https://www.yourechoenergy.com/app/panel/qa

Link for anyone who needs it.

Get ready!

Just goes to show, one person comes in and takes a load and the whole thing shifts 180 degrees. They can clearly see the incredible value offered here. Just a matter of time till this gets properly moving upwards.

At some point powerful move higher is coming. This is being played IMO. Institutions will want to start getting a few more of these. There is only so much time they can spend messing with the book. Like someone below said, its relentless little buys coming in... There is not that much free stock... Very annoying to watch but im switching off from it. Q and A at 12:30.

Hurricane would kill for a ceo of the quality ECHO have. He is absolutely top drawer. I totally disagree with your general point . That said Echo and hur are on massively different trajectories now. You cannot compare.

Agree with the posts on the ceo. He almost feels like an inside man to give the company away on the cheap. His use of language is strange.

I am here but I mainly use telegram and use lse less and less tbh.

Amazing how this company has fallen from grace. I have to admit I believed dr trice and the story and I really thought they were going to be a new major player in the North Sea. Such a shame how this has gone as there was so much hope. I looked elsewhere a long time ago and it looks to me like everyone should now do the same. Lock into a company going the other way and try and forget this. Echo energy (echo) well worth a look. Commiserations to holders here though.

It’s a free country day what you like. Almost the entire hare capital in volume terms has changed hands the last 5 sessions. This is excellent. It means we should be trading at a higher level sooner. It’s like turbo charging the process. I think the expectation around newsflow is just that there is a lot ‘going on’ and it may stimulate conversation some what. I personally think we may well exit the week at 2.** though as this is criminally undervalued.

But Alaska is first world drilling prices and your gonna pay big whatever you do.. Might be best with a new hole.. Get in a good crew and give them a cut of the output for a successful hole. Personally would not invest here, but if I was that's what I would do, get the big boys in and offer them a share of the black gold, if they believe there is some that moves, in return for fully funding the drilling. Else you lot are looking at more dilution IMO.

I am by no means a technical expert but my first pass read it sounds like the hole has collapsed in on itself within the pay section being analysed. So you could run a side track higher up...

Because the Ice melts. No road.

You are talking about majors. Bp is about 80 billion... I think have not looked

Or Cairn...

I know. But some posters here are saying it will show up on the balance sheet as a profit. I have never said that. I was pointing out the implications of it showing on the balance sheet as a profit.

This is true. See what happens here. Personally I think the PI about to get shafted and they will let the city boys in. And that means a good price for the city boys. Not a premium. And you need 10m imo to make sure you can fund this drilling campaign and the acquisition.

But to get the tax saving you have to make a profit. Otherwise it’s worth nothing. And when you have I would say close to zero in the bank. That’s what you have here. You are in a weak negotiating position. Very weak.

Taxi for meeee! Ha

You do realise that if the 125m gets moved onto the accounts as a profit. They will have to pay tax on it! Not going to comment further but some of you need to at least do basic accountancy lessons here.. Some of the levels of understanding here are very interesting to say the least. I won’t comment further but anyone thinking a placing will come in at a higher level when the current account is bare is in cloud cuckoo land.