Member Info for MrMarkyB

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

We seem to be following a similar pattern all week, can see this going blue this afternoon.
News must be so close, wouldn't want to be out this share over the weekend.

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

Several hours of trading yet to push this a bit more......

We need to test, break and hold 0.8p.....GLA

Had a cheeky 174k top up! Can’t see echo being sub 1p much longer!!

Come on MH drop a nice RNS :-)

It’s been a good start to the year for echo, I can see we will test 0.8-0.9 very soon, ideally tomorrow or Friday and hold well.
GLA

2500 bopd & $56 (Brent) = $51m, what's not to like, oil price so important. Forecast for oil mid year from Goldman's is $65 = $59m

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 am in agreement, i did some rough calculations on 1900 bopd and 10MMscf gas ( I think that data reasonable) and it equated to approx $38-40m gross, mcap very small in comparison

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.

I agree NY, a JV on our Bolivia asset, and a deal within the 6 months exclusivity period and 5 year maximum work plan.
They have the funds to bank-roll it.

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

This is MH bag, M&A, I’m sure he will get the best he can for the company. We have plenty of news we are waiting for, hope we get some soon!!

I agree NY, it’s our block that interests them. Financing exploration was always a sticking point for echo there! Need someone with deep pockets.

How much higher can oil go? Saudi cuts start next month!

Oil rally very good, north of $55 now, lets hope it holds and grows....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

The main concern is how we fund anything going forward. Constant fund raises just supresses any growth for investors.
An update on production needed soon, and receipts! Oil price very good at present.