#Echo Echo Energy – Successful Loan Restructuring
Echo Energy, the Latin American focused upstream oil and gas company, is pleased to announce that it has successfully agreed the restructuring of the Company’s £1.0 million loan originally provided to the Company in March 2017 and now held by Spartan Class O (the “Lender”), a sub-fund of Spartan Fund Limited SAC (the “Loan”) with […]
#ECHO Echo Energy Plc – Interim Results
Echo Energy, the Latin American focused upstream energy company, announces its unaudited interim results for the six months ended 30 June 2021. H1 2021 Highlights: · Refocus of capex away from high-risk exploration into lower risk-production opportunities with swift pay back. · Gross profit of US $0.4 million (H1 2020: loss of US$ 1.6 million). · Revenue […]
Does EV and battery tech really sound the death knell for Oil and Gas?
Future of Oil and Gas In an era of rising demand and hype for electric vehicles (EV) and battery technology, commodities and ETFs linked to oil and gas have managed to hold their prices. EV stocks like Tesla and Nio have increased by 71% and 100% respectively in the past year. The price of WTI […]
#KAV Kavango Resources – Kalahari Suture Zone (KSZ) – drilling update
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce that the Company has requested Mindea Exploration and Drilling Services (Pty) to extend Hole TA2DD002 to 1,000m depth, which is the technical limit of the drill rig on site within acceptable safety margins, to assist […]
Mosman Oil & Gas #MSMN – Winters Lease and Winters-2 well update
Winters Lease and Winters-2 well update Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update on the Winters lease in Polk County, East Texas including increasing its Working Interest in the lease and the timing of drilling the Winters-2 well. Winters Lease Mosman acquired a 23% […]
Echo Energy PLC (ECHO) – Further re Issue of Warrants
Echo Energy, the Latin American-focused full cycle energy company, announced on 22 December 2020 that, in connection with a subscription and warrant issue then announced, the issue of 83,921,568 warrants to subscribe for new ordinary shares in the Company would be subject to receipt of share issuance authorities. As a result of the Company having sufficient share […]
Echo Energy Plc #ECHO – Argentina: VAT Update
Argentina: VAT Update Echo Energy, the Latin American focussed energy company, is pleased to provide an update on the Argentine value added tax (“VAT) reclaim process, and the successful monetisation of a further proportion of the Argentine VAT owed to the Company. Disbursements totalling Ars$ 48.4 million (approximately US$ 0.5 million), consisting of Ars$ 33.1 […]
Market Outlook – A Conservative sense of relief
The shock election result, that saw former LibDem leader Paddy Ashdown and former Labour spin doctor Alastair Campbell commit to eating hat and kilt respectively has produced an almost audible sigh of relief across financial markets. The blue chip FTSE100 had all but factored in a coalition as it closed out 0.1% higher at 6,933.74 […]