We would love to hear your thoughts about our site and services, please take our survey here.
Agreed i never understand why anyone would want to bother to post on a share they have no involvement in.
I blocked ranger for a while but missed his victor meldrew approach so can be useful when your have a tough day.
I've seen the list and it wasn't hard to come by if im honest. approx 40% of shares held are with these institutional investors. A surprise entry is HSBC with nearly 6% over two brands.
Im guessing they have bee involved with the recent fund raises no doubt.
just want to point out that the financial update from September reads -
The Company's cash balance as at 30 June 2021 was US $ 0.9 million, a substantial increase from the balance as at 31 December 2020.
we've lost 400k since then.... where the feck has that gone?
I would be very surprised if the figures were fixed as interoil figures would also have to be fixed other they would not match up.
Agree this company is in a difficult situation but from there finical figures they are improving.
When the debt restructure was agreed the institutional investors and loan investors where heavily involved in what was being agreed on those new terms. If this company was going down they would have folded the company and sold it off in bits to salvage what they could.
Agree this company is at a standstill and isn't moving as quick as it should, However you forget the previous ceo we had wasted £25million in the space of a year on projects that put us in this position in the first place. People quickly forget if it wasn't for Martin and his approach on saving the company it would have folded and we would have lost our investment.
If your chasing the dream, echo is a risky way of doing it.
I don't post much on here anymore as all I see id bickering on here. No wonder there isnt many new investors on here, have you seen most of the crap that is posted? All i see is people throwing there toys out of the pram because they dont have anything better to do.
Hopefully we see a change in 2022 but it by the looks of it it will take time. Im happy to keep my investment in here for a bit longer as I don't need it for the moment.
I think your approach of lynching the ceo is not the right away about it considering you have not been invested in the company that long, try being in here for 7 years,
If your scared to go on your own and face a ceo of a company this size then maybe you shouldn't be speaking for the shareholders you rare representing.
Try talking and presenting to ceo's, md's and fd's of blue chip companies.... that will really get your heart racing.
If your scared to go on your own and face a ceo of a company this size then maybe you shouldn't be speaking for the shareholders you rare representing.
Try talking and presenting to ceo's, md's and fd's of blue chip companies.... that will really get your heart racing.
I don't believe the MH interview was anything to do with your email as emailed last week to request an update. This is a simple PR interview to make everyone aware echo are still alive and working on.
Unfortunately we will have to wait for this workover program and in my view they are using this to make the money to fund other projects. ( this is what i would do to avoid dilution ).
They need 500k before they can go back an open up campo to text again so this will be the reason that's not happening yet. once they accumulate enough money from the wells then it would be my guess they will finally test the well.
i think they need to get back to a monthly production rns to keep everyone in the loop.
They have good gas output at the moment and focusing on contract work which in my view is better than shopper work.
If you can also add a minimum of 1000 bopd to our books that will be a very healthy return.
Would be nice to know what there average outlay is per barrel to give us an idea of true profit. Just because oil is $85 at the moment means we receive that. I reckon the cost per barrel would fall between $20-30.
Would be good for them to release news each time a well is bought back online to keep the flow coming.
But it might be worth releasing one rns each month with how many they have done as it will give a greater number and look more attractive to investors.
Agree Digitt this would be a top end figure but would be a great figure to hit if possible.
From memory, a workover or well intervention can take 7/14 days depending on the quality of the well and how much work is needed to bring it back online.
I remember the wrokovers on CDL where around 10 days.
If all these 16 well interventions could produce similar bopd you would be looking at roughly 1216 extra per day on top of our current position.... that is a huge number and would bring in some serious income for echo to fund future projects.
If these figures are hit that would be an extra 443, 840 bopd per annum gross on top of what we are currently producing . The gross value on that alone would be $35.5 million dollars. ( 70% net to echo ).
Some decent numbers on this project alone.
why do you all have to bicker on here. your all making yourself looks stupid by constantly arguing amongst yourselves.
Arguing on here for everyone to see isn't the best way to talk about echo is it.
Just following up on this, once the commence the test of the well they will have to pay $500,000 to the old owner as part of the deal. this hasn't been factored in and will need to be paid before they well is next tested. ( one of reasons it was delayed i believe )
Theres several reasons why CL hasn’t been tested yet, this isn’t a duster by any means.
Hopefully once they test it fully and prove the area it will help with the next stage of Echo’s development.
Until then we will have to wait for it to be tested. It’s my belief that some doubting CL will be surprised by the results.