OwDo
08 Dec 2017
Re: Echo Energy agrees extension A good piece on ECHO by the Oil Man today.As for Echo, Fiona MacAulay was slightly restricted with what she could say as the shares are suspended and the authorities are understandably keen that no unpublished information shouldnt be revealed until the shares return to the market. Having said that she was able to talk about the two deals that have been done in Bolivia and Argentina. Overall, the Echo strategy is to be a leader in a LATAM exploration led, gas focussed business, value driven and with potential for significant returns. FM also had a new board, well financed and supportive shareholders to rely on and happy with the ambitious growth strategy that she has put in place.Starting with Argentina, it is a much bigger play after all, the plans are clear, the asset is significant and an exploration led, but full cycle business capable of very significant upside. The financing of the deal was innovative and meant that for a modest up front payment the cash need to carry CGC and its aggressive work programme Echo will get more than its bang for its buck spent. I expect a lot of newsflow from Echo from the front line as well workovers, exploration and a great deal of seismic reprocessing should create the makings of a very proper E&P company with lots of upside.In Bolivia where its initials bucks were spent all is going well and the signs emerging from the reprocessing are initially pretty good although there is much to be done. Overall I expect plenty of news on all fronts, with the shares returning to the market imminently, investors will get a chance to participate in what looks like a very good play in an a gas rich region of a massive hydrocarbon geography.Finally Sara Edmonson of Coro spoke although with even more regulatory restrictions it was by necessity somewhat cautious in content, I am sure over the next weeks and months shareholders will get a much more detailed idea of the direction and pace of the strategy as Sara expands the portfolio in and away from its Italian base. Initially that policy is to expand its daily production and expose the EBITDA potential, thereby exposing the de-risking of the developments and creating a value driven approach to the business.Coro will before long be re-admitted as a full cycle E&P company, with significant strategic potential and confident of further deals to be done and geographically away from Italy but not conflicting with any of the family assets, crafty investors may be able to work out which point of the compass the Coro management are pointing the telescope at in their hunt for value adding assets.Whether investors hold one or all three of the family, I’m sure that overall these stocks look like a package of high quality assets with short, medium and long term upside and with management that is committed to delivery and return in a significant manner
Smeeinit2
08 Dec 2017
Echo Energy agrees extension Looks like we will be in for a bit of a wait to trade again. So maybe they are raising more money in the city after all.15:20 07 Dec 2017Echo said it has agreed an extension to the closing date for an agreement from 29 December 2017 to 2 February 2018 “or a subsequent date which the parties may mutually agree”[link]
theprior
07 Dec 2017
Re: Apparent whispers in the City Last time there was any news on cash they had £26m so if they need more it can only to be in order to fund a further acquisition. That sounds like good news to me. Wonder if they’ll use PB on a Friday evening ?That seems to be a popular way of getting fundraising off the ground these days. Keep a look out tomorrow 
))TP
Gandhi's Flipflops
07 Dec 2017
Apparent whispers in the City "Apparently" there are rumours doing the rounds that Echo are raising big money ( circa 10/20 million $s/£s ?via a placing)Source has had some success in the past - but not guaranteed this time
theprior
28 Nov 2017
Re: Suspension Lifting Someone on LSE said it was due in two weeks (few days ago) but I haven’t a clue about the source for this. I’m hoping it will be this year not next. Which realistically means before Christmas.TP
msfocus
27 Nov 2017
Suspension Lifting It has now been nearly a month since the SP was suspended. Does anyone have a view on the timeframe of this process ?
theprior
10 Nov 2017
Triple presentation SOU/ECHO/COROJP and team on 6Dec at 6pm venue TBCRegister at [email protected] before ? Or just a resume of where we are now ??I’ve registered but not sure at this moment whether I’ll be able to make it. Would be good to get updated on how the reverse takeover is going.TP
theprior
07 Nov 2017
The sound of .... ....pins dropping is deafening.I wonder how long we’ll be in this state of limbo. ???Update, JP ???TP
37Bodie
03 Nov 2017
Q & A Have been out of touch for a while - did the Q&A session happen yesterday, or has it been postponed given the suspension?Many thanks in anticipation.
Maverick
01 Nov 2017
Don't think GCT would have been shorting.Nobody in their right mind would have done that with the pre cursor to RNSThe management team have done everything they said they would.The SP was 23p on potential of what was to come. The outcome is even better so I expect a relist range 25-27p.Yes there may be a at some point a cash call for exploratory costs but the stock will rerate accordingly so its all relevant.I am delighted to be in albeit kicking myself that my last minute purchase was not what I could afford to lose.Maverick
theprior
01 Nov 2017
Re: RNS significant fund raise and dilution down the line...How so GCT ?Haven’t added up the figures yet but I don’t think they’ve emptied the piggy bank yet.In any case dilution only happens when there’s no added value.Echo seem to have provisionally bought quite a lot of added value in this deal so even if they did decide to raise additional funds (highly unlikely at this point in time) the added value this deal brings would outweigh the additional share capital created.And I don’t see any problem with shareholder approval. This will get a huge thumbs up.Good luck with your outstanding short. #wellandtrulyburnt. )))TP
GC Trader
01 Nov 2017
Re: RNS ''shareholder approval required''roughly translated means'without your vote we have nothing to progress'oh and BTW we forgot to mention...shareholders will in effect be simultaneously voting for a significant fund raise and dilution down the line...rock and hard place springs to mind...but...keep your eyes peeled for the retail frenzy upon suspension lift...
theprior
01 Nov 2017
Re: RNS Haha ..Snap!!
theprior
01 Nov 2017
RNS Details of the proposed reverse takeover.If this comes off it will be massive.Exploration and production assets with huge development potential.Hand on for the admission document and shareholder approval.I’m in !! 
))))TP
Maverick
01 Nov 2017
RNS Reverse takeover, Argentina, transformational.All going to come plan.Well done team.
