Substantial hydrocarbons Indeed.
Substantial hydrocarbons This new message board is s-it. Can’t seem to find anything.
Substantial hydrocarbons Transformational was the word used yet the share price limps up to 15p.
Substantial hydrocarbons At least you’ve found your way here, MQ ! Maybe other stuff will too but I must admit it’s dire. The other option, LSE, is just a bunch of banal, uneducated posters with the intelligent posts just as difficult to find as on ii, but in a different way. Good luck! TP
Substantial hydrocarbons No one has posted I suspect, because - like me - they can’t find anything on this miserable new system. MQ
Substantial hydrocarbons Can’t believe no one has posted anything on the latest RNS from #ECHO today! Significant news item proving up the current drill programme. Nice lift in the sp (but not enough!). Still a BUY at this price. Luck all, TP
Malcy’s Blog/Voxmarkets interview Mentions ECHO at 13.00 mins. Good summary of recent operational activity. TP
RNS ECHO … XXXX New ii site .
Re: RNS Placing @ 12p Added today @ 11.8p. ( on 11.9 limit )Had 12p and 11.9 limit last few days which did not lift.
Value the markets [link] a 50% success rate on workovers MacAuley expects 4x ebitda. Easily doable.TP
Re: Revenue flowing in theprior, I really would not get too excited! Net revenue for oil and gas combined amounted to $2.7m but this was before royalty charges, tax and operating costs. Not a lot left then for shareholders!
Re: Revenue flowing in Last years accounts are last years accounts and do not include this years revenue !TP
Re: Revenue flowing in 18/04/18
Re: Revenue flowing in theprior,You report in 18 April 2018 that 'oil and gas being sold to the market and revenues are flowing in. The accounts to 31 December 2017 were signed off on 13 April 2018, yet there was no mention of any revenues, or for that matter, any oil or gas flows. What we did read about was yet another reorganisation with directors resigning and new ones starting, with huge payoffs and huge salaries. Wells and countries were abandoned and new ones were started. Much drilling, much indication of recognising oil and gas, but no sign of getting it out and selling it!To date this company has generated £28 million in revenue and (at 31 December 2017) had net assets of £8 million (£19 million cash less £11 million liabilities), so has now consumed £20 million of shareholders funds and still no reported revenue.Well, I suppose investors can always dream.
On to the next well New well spud 26/05.Progress ....targeting 40bn cu.ft. Gas TP