To answer your questions no i do not consider myself thick and yes i can add up. You clearly said 350 bopd net profit would easily cover it. Answer that. Why evade it. Here i`ll help you it will not. Possibly you do not know the difference between turnover gross profit and net profit or you need to grow a pair and admit you made a mistake.
Now your showing yourself up. You clearly said our 350 bopd net profit easily covers that. You need to man up and admit when you have made a mistake. What a loser.
somm 350 barrel per day at 83 dollars per barrel equals 622500 dollars. That`s the sale price. You have to deduct all of the costs from that. No way would Echo`s net profit be 500,000 dollars or anywhere near it. I think you probably meant gross revenue.
In reply to maid
Blah blah blah. Gibberish gibberish gibberish. No sense, no sentences just the usual crap. Keep waiting for the rainbow. Last time i looked the SP had slipped back to .6. I cannot believe that people are questioning the mid-cap as i believe bobby did today. Have they had sight of the accounts to know how much profit Echo are making annually. Do they know the companies bank balance. They talk about no debt payments until 2025 as if the debt has gone away. It has not, it`s still owed and that`s why the mid-cap is what it is. Now when the replies come please provide proof of what the companies net profit is annually. That is net profit after it`s paid the costs and the astronomical wages it currently pays. Please do not spout assumptions of what the turnover is because turnover means nothing without profit.
What an uneducated moron you are burnemc. Nice use of the full stop. If you feel i`m being personal, i am because that is what your reply was. You really are a horrible excuse for a human being. If you have children i feel sorry for them
Again slides and mirrors abzzba. You know exactly want i was referring to. Communication and promoting the company. Shame that you see any sort of criticism as negative. As i`ve previously mentioned grow a pair and tell the board some truths. You know i firmly believe that in two or three years time you and the acolytes will be whistling the same tune. Its coming the rerate is coming. Those MM`s are playing games etc etc. In the interim the board have received another 3 years salary.
Somm your wasting your breath. He`s a fantasist and in my opinion either totally deluded or something else which i will not say on this board as a result of respect for my parents and the way they brought me up.
It gives me no pleasure in pointing out that the SP at this moment has slipped back to .6. It is a real shame that after all the insane ramping from abzzba and his acolytes the SP stays distressed. Of course the board have no reason to actively work to try and improve their shareholders lot because whatever criticism they receive is far outweighed by the fawning approval from abzzba and the acolytes. They might well be the reason that the SP does not improve. Of course they will never admit that but it`s something you might want to think about.
Well well well. No great moves for the SP. abzzba has reminded us that there are still more wells to reopen. Shame is when they announce this we have a small spike, yes a small spike then a slow drip back. Of course as jaggers says us naysayers have had our cake. I think not. Anyway maidit308 tells us that he and a others are the chosen few, not part of the herd. He knows that there is going to be a 500% spike. Laughable truly laughable. As previously mentioned i am aware of your concerns regarding your losses, i`m in the same boat but i have the integrity to call a spade a spade. Not a pair of testicles between you and burnemc is included in that.
Anyway it`s not important. As was pointed out the SP is not important. Send him off to the looney farm.
Unbelievable he can tell that sells are buys just by looking at them. Yes i`m correct unbelievable. SP in the red so far this morning despite all the whooping and hollering from the rampers over the weekend. Must be ideal for the board to know that you have rampers who are probably being paid(i cannot believe anyone could be so naive) and then the herd will follow. Ideal for the board because their salaries are still being paid.
Anyway it does not matter because posters on this board told me in no uncertain terms that the SP does not matter. If you bought shares at .6 and they drop to .5 it`s of no concern. Thats what the herd now believes. They are probably correct because it`s better to give than to receive. We invest the board get their wages we lose money and the world goes on.
Ranger i was referring to ARahim not you. Why would i be criticising your spelling or grammar.
Instead of using your time knocking anyone who dares to criticise use that time to learn to spell. All the posters last week who said i was obsessed with the SP are now obsessed with the SP as you say in a few weeks it will be worth ten times what it is now. Dream on. Have a good weekend all
I am feeling fine Jaggers. Not sure what your crowing about SP is showing up nearly 3%. By the way i had to laugh when i read the earlier posts this week about people obsessed with the SP. Yes i am that is where my profit/loss is. Numbskulls. Whats the bet this slips back over the next week.
Jaggers obviously the truth hurts. You can ignore me, laugh at my posts or filter me. What you will not do is stop me expressing my opinion. All you `here we go` `off to the moon` `SP will take off soon` zealots just cannot handle the truth. SP down again today.
Jaggers you are clearly on a different planet to myself. I am now understanding this board more. There are posters who have good knowledge, far more than myself and make good interesting points and there are posters from cuckoo land. 40% to 60% rise. La la la la la. Jaggers you are in the latter. I know it hurts to accept you have lost your money but you have. Maid308 no idea what your on about.
Jaggers you are clearly on a different planet to myself. I am now understanding this board more. There are posters who have good knowledge, far more than myself and make good interesting points and there are posters from cuckoo land. 40% to 60% rise. La la la la la. Jaggers you are in the latter. I know it hurts to accept you have lost your money but you have. Maid308 no idea what your on about.
Bgas futures has electric 2p down by April 1st and gas down .5p. All i am saying is that constantly stating that the prices have rocketed does not seem to be doing anything for Echo`s SP. I could agree with everything the positive minded people say because they are correct to point those points out. However, the SP still falls. There must be an underlying problem we are not seeing. I want the SP to rise lets make that clear. Lack of clarity by the board must be an issue
Maid308 bless you. You think that myself or others on this board making negative comments effects the SP. Bless you. Naive is`nt the word.
Azbba why is the SP dropping. If all our contracts are with industry and Echo is making so much money and everything is rosy in the garden why is the SP dropping. We have little spikes and then it slips back. Tell your family the investment has gone South. Your mate will be ok though. £500,000 a year even after tax you can put some serious dosh to one side for a rainy day. Just think he has until 2025 before we have to pay any of the debt. Another three and a half years of £500,000 a year. Lovely jubbly.
I`m not sure if y7our thick or just refuse to accept the truth. Ok i was wrong only 70% of the gas sold is sold at a fixed price. I do notice that you did not address my main point that it`s summer time in S America usage is dropping so sales will drop. Also if everything is so rosy in the garden why is the SP now at .57. Even Sound energy`s SP rose on Friday whilst Echo`s dropped. You need to take off the rose tinted glasses, man up and tell yourselves and your partners that you have lost the family silver.
I`m not sure if y7our thick or just refuse to accept the truth. Ok i was wrong only 70% of the gas sold is sold at a fixed price. I do notice that you did not address my main point that it`s summer time in S America usage is dropping so sales will drop. Also if everything is so rosy in the garden why is the SP now at .57. Even Sound energy`s SP rose on Friday whilst Echo`s dropped. You need to take off the rose tinted glasses, man up and tell yourselves and your partners that you have lost the family silver.
You keep yapping about the higher oil and gas prices but the SP is as i said .57 not as you said .59. You don`t seem to understand that we have contracts that we sold our gas and oil at. They are fixed price taken before the price increases. The worldwide increase will give very little help to us because when we negotiate new prices demand in S. America will have dropped due to the summer period. First law of economics, supply and demand. Demand drops prices drop. Try and let these points sink in before your next trip to lala land