Member Info for lancs

Warren Irwin
@ItsWarrenIrwin
·
Apr 24
I owe investors an update? Maxit has the company up for sale and is working with interested parties to get it sold. I am pretty sure everyone who follows SolGold knows this.
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deffo needs reporting seems the truth is getting hidden and made to sound worst than it is so we panic and let the new investor on board for a steal

Also they had 1.1 m us on the second of jan and then apparently 0.7 m us given upfront for the new gas contract if reading this properly where has this money along with gas sales gone . Also on the top of that we are selling oil ?

In addition to receipts from Santa Cruz Sur gas sales outside of the Contracts (including all gas sales from the Santa Cruz Sur Oceano field), the minimum committed gas volumes under the Contracts (excluding associated VAT receipts and any sales of additional volumes, net to Echo, of up to 1.25 MMscf/d under the Contracts at the Company's election) have an annualised gross value of c.US$ 10m at Contract prices (c.US$7m net to Echo).



It is anticipated that the increased revenues arising from the Contracts will provide additional resources over the course of the Contracts capable of being applied towards the acceleration of the Company's operational priogramme to increase production whilst also being applied to the outstanding Santa Cruz Sur Joint Venture historical creditor balances. As of 30 November 2021 this Santa Cruz Sur Joint Venture balance is estimated (unaudited) at US$12.9 million gross or US$9.0 million net to Echo's 70% interest. These Santa Cruz Sur Joint Venture creditor balances are prior to Argentinian VAT credits due to the Company.

The Contracts have an initial term of 12 months, with gas sales under the Contracts beginning in May 2023. The Contracts provide gross 6.8 MMscf/d of committed production (4.8 MMscf/d net to Echo) at an increased average price of US$4.48 per Mmbtu for the 2023-2024 period (compared with US$4.33 per Mmbtu for the previous period). In addition, an upfront gross cash payment of US$1 million (US$0.7 million, net to Echo) will immediately be paid and applied towards the working capital of the Santa Cruz joint venture.

To be fair we need new management all this potential with earnings and then the potential just vanishes

If the Argentine investor wants more of the pie why don’t he just buy out Lombards shares
Seems to me management don’t want this to rise

If someone was to buy there stake off them , then that would be very bullish

go on mcfcnige make them a offer they can't refuse

https://twitter.com/ItsWarrenIrwin/status/1645874279828066304?s=20

https://twitter.com/echoenergyplc
wondering if anyone has seen this report

what i would like to know is where is the money they have made from 2022

personally liked the last line in the rns
A further announcement, in connection with Mr. Martin's intended appointment to the Board, will be made in due course.

https://twitter.com/RoastPR/status/1610612557282246656?s=20&t=BLZDCqNNeyiJ5mftLpO0Gw

https://t.co/uhPUg2w0AG

Would have preferred 30 percent up thou
o well hopefully next time

I actually said in my post anyone not invested also didn’t name anyone by there name
Also I read all the posts good and bad it is there opinion’s doesn’t mean you should have listen

If you don’t hold shares feel sad that you feel the need to post more rubbish than most holders do
( must have a boring life )

why is everyone commenting on it now ?
they told us months ago what was happening hopefully we can start to get some good news from here

https://www.mining-journal.com/london-to-a-brick/opinion/1444213/battle-for-solgold-heading-for-dramatic-climax
not sure if it has been posted

Would be feeling a lot better sat in the 0.40 area