Member Info for uinsionn

88e have a 57m MCAP no revenue , no production, RKH 44m MCAP no revenue no production , plenty of more peers out the there been fumbling around for years getting nothing out of the ground. ECHO 6.5m MCAP production , revenue generating, increasing flows this year and 2 wildcard plays too, sentiment determines price, echo once bond deal is done can start moving forward again. Also bolivian assets to watch for too.

It is anticipated that once the pipelines are fully operational, gross daily liquids production will be restored to levels of between 480 bopd - 600 bopd (336 - 420 bopd net Echo). The actual level of production resumed will be dependent on reservoir behaviour and pressure build up since this element of production was shut in in April 2020.



In light of current attractive market conditions this infrastructure project is considered an attractive investment with the ability to result in strong cashflow generation and a short payback period of months.



Production Update



Daily operations in the field at Santa Cruz Sur continue with the delivery of produced gas to customers as expected. Production levels remained in line with the Company's expectations with average daily production, net to Echo's 70% interest, from Santa Cruz Sur throughout 2020 of 1,966 boepd (including 10.2 MMscf/d of gas). Total cumulative production from Santa Cruz Sur during 2020 net to Echo was 720,000 boe (including 3,750 MMscf of gas) and 2021 production remains strong. Gross cumulative production from Santa Cruz Sur for the period 1 January 2021 to 14 February 2021 was 116,040 boe (net 81,230 boe).

THE NUMBERS AND POTENTIAL
What we know about production –
Current producing assets – on full production is 2481 BOEPD including 560 bbls/d oil.
OIL – 560 BOPD current full production
GAS – 11 MMscf/d current full production
Plans to increase production on properly exploited low risk assets
Worksovers – potential with 16 planned - The Company is pleased to confirm the identification of an initial portfolio of sixteen low cost workover and intervention operations at Santa Cruz Sur focussed on 1P proven developed non producing and 2P reserve intervals - with the intention of bringing those volumes into production. Each well adding potential 100 bopd and 0.6 MMscf/d.
OIL – 16 WELLS BY 100BOPD = 1600 BOPD EST.
GAS – 16 WELLS BY 0.6 MMscf/d = 9.6 MMscf/d est.

Campo Limite well in Palermo Aike and MA –
MA – PRODUCTION POSSIBLE ON WHAT WE KNOW IS – 5 MMscf/d
CL – number as per company is 800 bopd so 70% net to us is – 560 bopd
REVENUES FROM CURRENT AND INCREASED PRODUCTION
OIL TAKEN AS $55 (CURRENT PRICE $60 AND RISING)
GAS TAKEN AS AN AVERAGE WINTER $4.7 SUMMER $2 PRICE AVERAGE - $3
TOTAL OIL – 2720 BOPD on uplift of production
TOTAL GAS – 25.6 MMscf/d on uplift of production

CURRENT FULL PRODUCTION
OIL – 560 * 55 * 365 = $11,242,000
GAS – 11,440 * 3 * 365 = 12,526,800
TOTAL = $23,768,800
ON UPLIFT OF PRODUCTION
OIL – 2720 *55 *365 = $54,604,000
GAS – 26624 *$3 *365 = $29,153,280
TOTAL = $83,757,280

The Company continues to sell gas under a combination for secured contracts of up to a year in duration and spot sales and the result of the new contract is that approximately 60% of daily gas production from Santa Cruz Sur, under current market conditions, continues be sold under secured contracts at significant premia to the current spot price during Q1 2021.

The execution of this new contract is in line with the Company's strategy to secure market leading pricing for its products in anticipation of increasing production pursuant to its future work programmes.

i have see companies do really well, but without buyers their price stays low, even sometimes the company put out good RNS after another and no movement then stock promoters come in and its the best thing since sliced pan and the price moves rewarding those who bought early or saw the true value in the company. i would never call anyone that makes a profit on aim and idiot, its actually hard work, researching , finding value stocks, working out strategy etc, but u are entitled to your opinion, if anyone want to join our twitter group just follow me on twitter and ask to be added, over 70 holders in the group - @aimranger1 if you want to follow

just sharing them, you may find that new holders hold a larger chunk of the company than LTHs yes we bought cheaper and its bagged since we bought, still doesnt change the fact that we are still here and looking for more value and if promoting a share u are invested in is a bad thing then shoot me, i research do my due diligence , look for red flags which there are still some here but the positives out weigh the negatives at the moment, we also got a twitter group with both lth and new holders. sometimes shares dont rise by themselves it takes promotion and progress by the company. BUY downwards is great i personally like to catch a bottom if i can, i loose too in the markets, but i tell u one thing i try to win more than i loose and promote a stock i am in by having comms with the company doing research notes and spreading the facts and burning the rumours, if that makes me gulity of anything then i am. here for the winning numbers

i was a holder in 2017 and sold at 22p i was in pre consolidation , no awards for holding things long term if the story changes or the company aint being run right, i am just giving my opinion , like it or lump it , i can only judge my position on my expectation and my realistic target price based on assets and what the future potential is, but guys that are lth being negative with new guys who are actually promoting the value and position just mikes my **** boil

i was an echo holder years ago , lucky i sold out at 22p , i been trading for 17 years so dont give me i am a LTH i am an old had traded and invested in much stuff, not my problem u followed a sinking ship downwards, i am here for the story at price

Price movement over last 8 weeks, 2nd of Dec. 0.35 moved to 0.78 on the 13th of Jan., then to 0.875 on the 21st Jan. Retrace and found support at 0.62. It has been consolidating at 0.66 over the last few weeks before a strong move on Friday to 0.69 2 weeks ago now last week we retested the .80 and early this week, we have been consolidating higher than the last consolidation and will move higher again soon, we do need some news but the FF is tight

WHY ECHO IS HERE/CONCLUSION
Echo Energy has not had the best of times under previous management and a succession of overspending on the wrong assets and gross incompetence lead this company down a path of share price decline and shareholder distain. But for me I only buy stocks on the story at price and for me this has all the making of a turnaround share and story. New management has steadied the company, has put focus on cost reduction and restructure of debts and refocused the company on cash generative workovers. Recent placing has shored up the finances and with 2 WILDCARD plays in Campo Limite drill and Bolivia monetisation, I think there is a good risk reward here, even without the wildcard plays I see fair value to be much higher on second debt restructure (which from recent RNS is close and they were positive about outcome). The gap fill at 1.56 looks a good target which would give a Mcap of 18m, think it should be higher than that but market decides, add in a wildcard coming in and its multiples of current price. With sentiment turning in Echos favour coupled with increased volumes and newsflow on many fronts I think the tide will turn here for a good turnaround company and share price.
HOLDING/BUY
I am invested in Echo my average is .40 having bought both higher and lower than that, holding is strong size, think there’s a buy here for those looking for a cheap O&G play on AIM with the potential for a strong second half of year for O&G.

ASSETS BOLIVIA –
Bolivia offers significant investment potential within the upstream gas sector. Its favourable position at the core of the continent, with existing gas hungry markets on its doorstep secures it a future as one of the principal exporting hubs of Latin America. Neighbouring gas hungry markets and an increasing domestic demand are sparking the need for future exploration. Our partner Pluspetrol, YPFB and the recent onboarding of GTLI who have a proven track record of discovery and production and cash backers, their onboarding makes this very interesting as they have put an exclusivity agreement in place and martin has spoken of the monetisation of the asset.
• Huayco & Rio Salado blocks lie in the south of Bolivia within the sub-Andean foothills of the Tarija Basin • Established hydrocarbon province with multi Tcf gas resources – adjacent blocks include some of the largest gas discoveries in Bolivia (Caipipendi and Sabalo fields) • Echo has extensive experience in area and involved in joint partnerships with veteran players • Study work program complete, exploring monetisation options
The Huayco structure is one of the few untapped and highly prospective hydrocarbon exploration regions of Bolivia. The Huayco block spans 75 km2 within the Tarija basin (the Tarija basin is estimated to produce approximately 70% of the total natural gas in the country, as per the International Monetary Fund), a major hydrocarbon province. The Huayco structure also hosts proven and producing multi TCF underlying resources with high-reward exploration play

KEY MANAGEMENT
Martin Hull CEO
Martin has over 18 years’ experience in oil & gas investment banking at Rothschild & Sons in London where he was a Managing Director in the global energy team with a focus on LATAM and Africa. Previously he was Head of Oil & Gas, SE Asia, based out of Singapore. Martin has corporate finance expertise across the value chain with a particular focus on the upstream sector. He has advised on numerous transactions, including debt and equity, at both the corporate and asset level. Since coming in he has steadied the company and refocused it.
Most recent CEO interview - https://vimeo.com/486866901

THE NUMBERS AND POTENTIAL
What we know about production –
Current producing assets – on full production is 2481 BOEPD including 560 bbls/d oil.
OIL – 560 BOPD current full production
GAS – 11 MMscf/d current full production
Plans to increase production on properly exploited low risk assets
Worksovers – potential with 16 planned - The Company is pleased to confirm the identification of an initial portfolio of sixteen low cost workover and intervention operations at Santa Cruz Sur focussed on 1P proven developed non producing and 2P reserve intervals - with the intention of bringing those volumes into production. Each well adding potential 100 bopd and 0.6 MMscf/d.
OIL – 16 WELLS BY 100BOPD = 1600 BOPD EST.
GAS – 16 WELLS BY 0.6 MMscf/d = 9.6 MMscf/d est.

Campo Limite well in Palermo Aike and MA –
MA – PRODUCTION POSSIBLE ON WHAT WE KNOW IS – 5 MMscf/d
CL – number as per company is 800 bopd so 70% net to us is – 560 bopd
REVENUES FROM CURRENT AND INCREASED PRODUCTION
OIL TAKEN AS $55 (CURRENT PRICE $60 AND RISING)
GAS TAKEN AS AN AVERAGE WINTER $4.7 SUMMER $2 PRICE AVERAGE - $3
TOTAL OIL – 2720 BOPD on uplift of production
TOTAL GAS – 25.6 MMscf/d on uplift of production

CURRENT FULL PRODUCTION
OIL – 560 * 55 * 365 = $11,242,000
GAS – 11,440 * 3 * 365 = 12,526,800
TOTAL = $23,768,800
ON UPLIFT OF PRODUCTION
OIL – 2720 *55 *365 = $54,604,000
GAS – 26624 *$3 *365 = $29,153,280
TOTAL = $83,757,280

An initial portfolio of low-cost reserve upside opportunities has been identified to move 1P & 2P volumes through to production • Initial 4 opportunities offer a combined c. US$ 9m NPV uplift for US$ 1m capex, • The cost of workovers & well cycling results in fast payback periods of two to six months and the potential to significantly increase production • Well balanced risk-reward portfolio provides flexibility in decision making & optionality to pursue commercial opportunities as they arise and based on market conditions

COMPANY OVERVIEW
Echo sees great opportunities in Latin America; a region rich in resources and undergoing positive development in macro conditions. A strong demand outlook for energy consumption and economic growth coupled with underdeveloped - but lower cost - onshore plays, makes Latin America a favourable region for Echo to deploy its expertise in support of an exploration-led growth strategy.
RECENT OPERATIONAL/COMPANY UPDATES
https://www.lse.co.uk/rns/ECHO/bolivia-cooperation-agreement-and-exclusivity-akp66fk34p7tauq.html
https://www.lse.co.uk/rns/ECHO/argentina-commercial-update-49qx7gyy55smu0e.html
https://www.lse.co.uk/rns/ECHO/operational-update-4mcixykoc61d97b.html
ASSETS ARGENTINA –
Growing Gas Economy, Extensive Infrastructure, Argentina Partnerships – Our partner being CGC - is a major Argentinian-based upstream to midstream oil and gas company and a privately owned subsidiary of the Argentinian conglomerate Corporación América International.
Santa Cruz Sur (70% interest) is a collection of 5 production concessions located in the onshore Austral Basin, southern Argentina. Net Reserves 1P: 4.3 MMBOE 2P: 13.7 MMBOE.
The licence portfolio consists of 12 producing oil and gas fields with existing infrastructure allowing the delivery of oil and gas to local, domestic and international export markets. Production: 2,481 boepd net (including c.560 bbls/d oil)1 Net Reserves: 13.7 MMboe 2P2 Gross Gas in Place: 7.7 Tcf3. Huge upside potential.
The Company is pleased to confirm the identification of an initial portfolio of sixteen low cost workover and intervention operations at Santa Cruz Sur focussed on 1P proven developed non producing and 2P reserve intervals - with the intention of bringing those volumes into production. Each well adding potential 100 bopd and 0.6 MMscf/d. https://www.echoenergyplc.com/media/1512/2020-06-08-scs_upside_opportunites_web.pdf
Additional near field exploration potential has been identified including the Campo Limite exploration well in Palermo Aike. Which for me is the wildcard play here with huge upside if successful. IN PROGRESS.

POSITIVES
• Cashed up 2.5m
• Vat rebate 1.4m due
• 16 well workovers planned to increase production
• Campo Limite drill – wildcard
• targeting 4000 boepd current 2000
• gas premiums paid
• costs reduced in company/on ground
• Focus on Organic growth
• revenue generating
• debt restructured 5m 2025
• undervalued compared to peers
• progressive partner in Argentina
• secured contracts with government
• oil pricing rising, increased demand 2021
• Bolivian partner onboarded
• Investment in infrastructure, compressors for increased production
• Martin Hull has brought strength and consistency to the BOD

we are the ones holding the FF , look most of us are holding tight because we see the numbers and forward expectation, its holding its own here, Free float just gets tighter here as we consolidate, its the ones that call us rampers are the ones that want thing to go up daily i am happy with the weekly moves , i aint in any rush done my research and DD here happy to stick around for value to unfold, wish the guys that call us rampers had the same patience it will come .

I think people are trying to paint a poor picture of Martin , since he came to echo he has steadied the ship internally no mean task after the mess that he was left, he has progressed echo into a revenue generating and growing business with low risk assets and low cost increases in production. He has cut costs and streamlined the business, even in recent rns taken a pay cut himself to get options instead based on performance and share price - RNS - The Director Options, issued alongside a performance focussed-rebalancing of the Chief Executive Officer's remuneration including a reduction in the fixed element of remuneration, will vest in three equal tranches on the first, second and third anniversaries of grant, conditional upon the Echo Remuneration Committee being satisfied that vesting of each tranche is warranted based on positive assessment of the Chief Executive Officer's performance and/or share price growth over the year prior to vesting. I have contacted him on a few occasions now and have had no problems with his response to my questions and the task he has at hand and information will come when its ready and i think the key of his focus is on the debt restructure and getting production increases on the ground. For me as a recent investor i havent really seen him as a negative, just a realist , he has said that there is a new company presentation coming out and i would imagine we will get some updates inline with that

Martin Hull CEO
Martin has over 18 years’ experience in oil & gas investment banking at Rothschild & Sons in London where he was a Managing Director in the global energy team with a focus on LATAM and Africa. Previously he was Head of Oil & Gas, SE Asia, based out of Singapore. Martin has corporate finance expertise across the value chain with a particular focus on the upstream sector. He has advised on numerous transactions, including debt and equity, at both the corporate and asset level. Since coming in he has steadied the company and refocused it.
Most recent CEO interview - https://vimeo.com/486866901
WHY ECHO IS HERE/CONCLUSION
Echo Energy has not had the best of times under previous management and a succession of overspending on the wrong assets and gross incompetence lead this company down a path of share price decline and shareholder distain. But for me I only buy stocks on the story at price and for me this has all the making of a turnaround share and story. New management has steadied the company, has put focus on cost reduction and restructure of debts and refocused the company on cash generative workovers. Recent placing has shored up the finances and with 2 WILDCARD plays in Campo Limite drill and Bolivia monetisation, I think there is a good risk reward here, even without the wildcard plays I see fair value to be much higher on second debt restructure (which from recent RNS is close and they were positive about outcome). The gap fill at 1.56 looks a good target which would give a Mcap of 18m, think it should be higher than that but market decides, add in a wildcard coming in and its multiples of current price. With sentiment turning in Echos favour coupled with increased volumes and newsflow on many fronts I think the tide will turn here for a good turnaround company and share price.
HOLDING/BUY
I am invested in Echo my average is .40 having bought both higher and lower than that, holding is strong size, think there’s a buy here for those looking for a cheap O&G play on AIM with the potential for a strong second half of year for O&G.

Bolivia offers significant investment potential within the upstream gas sector. Its favourable position at the core of the continent, with existing gas hungry markets on its doorstep secures it a future as one of the principal exporting hubs of Latin America. Neighbouring gas hungry markets and an increasing domestic demand are sparking the need for future exploration. Our partner Pluspetrol, YPFB and the recent onboarding of GTLI who have a proven track record of discovery and production and cash backers, their onboarding makes this very interesting as they have put an exclusivity agreement in place and martin has spoken of the monetisation of the asset.
• Huayco & Rio Salado blocks lie in the south of Bolivia within the sub-Andean foothills of the Tarija Basin • Established hydrocarbon province with multi Tcf gas resources – adjacent blocks include some of the largest gas discoveries in Bolivia (Caipipendi and Sabalo fields) • Echo has extensive experience in area and involved in joint partnerships with veteran players • Study work program complete, exploring monetisation options
The Huayco structure is one of the few untapped and highly prospective hydrocarbon exploration regions of Bolivia. The Huayco block spans 75 km2 within the Tarija basin (the Tarija basin is estimated to produce approximately 70% of the total natural gas in the country, as per the International Monetary Fund), a major hydrocarbon province. The Huayco structure also hosts proven and producing multi TCF underlying resources with high-reward exploration play

THE NUMBERS AND POTENTIAL
What we know about production –
Current producing assets – on full production is 2481 BOEPD including 560 bbls/d oil.
OIL – 560 BOPD current full production
GAS – 11 MMscf/d current full production
Plans to increase production on properly exploited low risk assets
Worksovers – potential with 16 planned - The Company is pleased to confirm the identification of an initial portfolio of sixteen low cost workover and intervention operations at Santa Cruz Sur focussed on 1P proven developed non producing and 2P reserve intervals - with the intention of bringing those volumes into production. Each well adding potential 100 bopd and 0.6 MMscf/d.
OIL – 16 WELLS BY 100BOPD = 1600 BOPD EST.
GAS – 16 WELLS BY 0.6 MMscf/d = 9.6 MMscf/d est.

Campo Limite well in Palermo Aike and MA –
MA – PRODUCTION POSSIBLE ON WHAT WE KNOW IS – 5 MMscf/d
CL – number as per company is 800 bopd so 70% net to us is – 560 bopd
REVENUES FROM CURRENT AND INCREASED PRODUCTION
OIL TAKEN AS $55 (CURRENT PRICE $60 AND RISING)
GAS TAKEN AS AN AVERAGE WINTER $4.7 SUMMER $2 PRICE AVERAGE - $3
TOTAL OIL – 2720 BOPD on uplift of production
TOTAL GAS – 25.6 MMscf/d on uplift of production

CURRENT FULL PRODUCTION
OIL – 560 * 55 * 365 = $11,242,000
GAS – 11,440 * 3 * 365 = 12,526,800
TOTAL = $23,768,800
ON UPLIFT OF PRODUCTION
OIL – 2720 *55 *365 = $54,604,000
GAS – 26624 *$3 *365 = $29,153,280
TOTAL = $83,757,280