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I watched the interview that MH done in December again, defo worth listening too if you haven't already or to refresh you of the potential here.
Mentions news within days/weeks on many topics......come on MH.....soon please!!
GLA
A very realistic target, with increased production a rising oil price (Goldmans forecast $65 poo by mid-year) gas tickets etc, SP 5p with resulting mcap would equate approximately to our production revenue.
Hold long and strong
I know we all discuss and comment on here what we know, but investors should familiarise or refresh themselves with the Echo web site
https://www.echoenergyplc.com/
I hope that oil price will edge towards $60 a barrel! With our current production @ 1900 bopd that equates to approx $42m gross PA, plus our gas revenue.
Going forward with increased production through work-overs, bringing old wells back into production and (fingers crossed) new discoveries, echo should be “cash positive” with a good future ahead!!
GLA
An interesting clip there NY, 17 minutes in for anyone wishing to listen.
I particularly like the comment regarding production,
1900 bopd @ $55 poo = $38m PA (approx)
10MMscfd @ $2 pbtu = $7m PA (approx)
Equates to gross revenue of $45m PA. rough figures and not considering opex but illustrates that we have reasonable production which the company intends to grow.
An interesting day on no news! however as we all know there are many items of news we are waiting for.
I will not repeat them, I think todays shows that this news could land very soon and investors taking their positions.
I look forward to breaking back into the pennies....
GLA
Gas To Liquid International S.A (GTLI) is a Bolivian subsidiary of Indian Jindal Steel and Power. Its line of business is focused on hydrocarbon exploration and production in Bolivia and other countries. It currently engages in the development of the Palmar natural gas field, in the Santa Cruz department.
Jindal Steel and Power Limited (JSPL) is an Indian steel and energy company based in Hisar.[4] With turnover of approx. ?40000 crore (US$5.5 billion),[4] JSPL is a part of about ?130000 crore (US$18 billion) diversified Jindal Group conglomerate