Member Info for uinsionn

so funny i have done it so many times over the years, #ECHO looking like one of the best turnaround stories of 2021, got all the makings of a multi bagger . Large holding gathering for months since the big dip in march last year, group over on twitter if anyone one wants an add few spaces left just follow @aimranger1 he will follow you back and add you, 8 spaces left good group.

https://twitter.com/AIMRANGER1/status/1350852214689042433?s=20 looking very good i hold a good % of the company links to my notes here guys https://t.co/8nteURWAMC?amp=1 , looking strong for a bigger move

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.
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

• Cashed up 2.5m with recent placings mainly churned with recent volumes
• 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

Welcome on board mate ,looks like we are only at the start of the rerate here, plenty of upside news due here.

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.

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

Shares looking tightly held , this is due a big rerate only the start of the journey , gaps on the chart at .90 and 1.56, looking solid

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.

• Cashed up 2.5m with recent placings mainly churned with recent volumes
• 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

20m traded already today, volumes still strong looks like support has come in , should build from here again

All the chartist are looking at this one, we got move to .79 coming then the 1p confluence area, and gap fills at .90 and at 1.57 got to love the look of this very bullish chart

book looks tight now and a big move looks on the cards from here

volumes been great already today and we have had good volumes the last few weeks, looks like a good move is coming here and plenty of news and good points in the company too
Cashed up 2.5m
Vat rebate 1.4m due
16 well workovers planned
campo limite drill
targeting 4000 boepd
gas premiums paid
costs reduced
revenue generating
debt restructured
undervalued 5.5 m Mcap
progressive partner
secured contracts
oil pricing up
Bolivian partner

We will know when the Rns is coming as it will be leaky and we will get a big move the couple of days prior here

There is a twitter group open for holders of echo shares, for both new and long term echo holders, just give @aimranger1 a follow and request an add to the group, hopefully we can share info and enjoy a much better year as echo holders. Looks like the company is on the verge of a good move from the lows and could see a good rerate this year

i think a lot missed the significance of the company we signed the 6 month exclusivity agreement with in Bolivia last week. On research they are an active producer focused in Bolivia and a Sub of an 18billion company with 5.5billion turnover. monetisation of asset maybe . 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. The company is headquartered in Santa Cruz.
For those that don’t know this is the company we signed the exclusivity agreement with the are a sub of the next company I post
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.
5.5billion turnover, 18billion grouo
so they ain’t here for our cash

Echo has signed an exciting cooperation agreement with GTLI to pursue new business development opportunities in Bolivia at low cost across the full energy spectrum, including within the hydrocarbon and renewables sectors. Find it very interesting that Martin mentioned renewables in the RNS , this is getting very exciting now with some new links to investigate

Plenty of positives here right now and today’s tie up is just a bonus Rns really and we will see what develops there. Martin in my opinion has really started turning this business around. Plenty of positives at the moment
Cashed up 2.5m
* Vat rebate 1.4m due
* 16 well workovers planned
* campo limite drill
* targeting increases boepd
* gas premiums paid
* costs reduced
* revenue generating
* debt restructured
* undervalued 6m Mcap
* progressive partner in Argentina and now in Bolivia too after today’s news
* secured contracts Above market price
* oil up and should have a strong 2021

Well they ain’t after our cash , they are a sub of a company in India with 5.5billion turnover and 18billion PF of assets.
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. Wonder if they fancy looking at our assets , Martin mentioned the monetisation of the assets in Bolivia , this looks like a very interesting tie up, was expecting other updates but this is a very nice curve ball.