Read the rns,s , stop being lazy and argumentive , we are all aware of the debt which is due in 38 months and a lot will change in that time in echo and the world and then if not settled move it another 5 years simple
So why comment if you don’t know. ,we are all frustrated and if you are invested symphonies with that but coming on here knowing very little about the company as ( not knowing when debt is due is a simple thing on this company ) just saying the company is going bust the same as Some we’re saying before debt restructure is just plain weird and immature
Lol , 3 years in oil is a huge time , and then it could be renewed like last time who knows , try twisting numbers , saying only two years till debt due shows you have no idea and just on here to be weird
Over 3 years till debt is due , not really soon , keep to the facts , and we don’t know what cash they have as they did not tell us the real figure just part of the cash they have and are due , not trying to be nasty take it from me you are low life
There is more money in the pot after a reread , it does not include there 70% share in Santa Cruz
The net proceeds of the Subscription of approximately £600,000 will add to the Company's working capital resources and be applied towards the formation of the solar project Joint Venture to construct and operate the Project. As at 30 December 2021 the Company's unaudited cash balance, excluding Echo's 70% entitlement to cash balances held by the Santa Cruz Sur joint venture in Argentina, was approximately US$520,000.
During Q4 2021, net liquids production averaged 240 bopd whilst net gas production averaged 7.0 MMscf/d. These production levels have been achieved despite a province-wide strike that temporarily reduced production levels over a six-day period in mid-December. Production for the first eight days of 2022 has been strong, with liquids production net to Echo averaging 262 bopd and net gas production averaging 8.3 MMscf/d.
As previously announced, the successful implementation of the Company's strategy with the commercial focus on high-quality blends at Santa Cruz Sur, has continued to lead to an increased frequency of liquids sales throughout Q4 2021. Total liquids sales net to Echo over Q4 2021 reached 25,881 bbls which is an increase of 71% over the previous quarter (Q3 2021: 15,050 bbls).
Yes good news 2nd rns , the one thing it might do is bring us back into some kind of limelight we were going round in circles , so hopefully another new dawn