Echo Energy Archives - Malcy's Blog

Oil price, BP, Sound, Echo, Eco, Wentworth

Oil has been very much unchanged over the quarter end and contract rollover and is so today, a lot of talk about who has spoken to MbS... BP have announced 25% capex cuts, in line with others whilst Sound Energy are still discussing their GSA in Morocco. Echo Energy has been restructuring its debt with a number of successes already agreed and Eco Atlantic has pared back costs and remains very well placed when drilling recommences. Finally, I spoke to Wentworth Resources this week and I am convinced that with their very strong model and solid finances they are as good as any in the sector.

Malcy2020-04-01T13:07:44+01:001 April 2020|Categories: Daily Blog|Tags: BP, Echo Energy, Eco Atlantic Oil & Gas, Sound Energy, Wentworth Resources|1 Comment

Oil price, Hurricane, Echo, Far, IGas, iog,

The White House and Senate agree on the $2tn stimulus bill, markets rally, oil doesnt... I look at the Hurricane update in the absence of the CMD, as things go its pretty good. Echo announce a debt restructuring with VAT help and with help from creditors should help. Far has announced that drilling in The Gambia, expected 2H drilling plans for 2020 will be suspended due to the Coronavirus. IGas release a positive update and are not impacted by said virus. Finally, having visited iog I take a look at what lies ahead and it looks pretty good, with a great gas portfolio and current investment at highly advantageous prices.

Malcy2020-03-25T14:28:05+00:0025 March 2020|Categories: Daily Blog|Tags: Echo Energy, Far Limited, Hurricane Energy, IGas Energy, IOG|2 Comments

Echo Energy, Kosmos Energy

Echo Energy is making costs cuts in order to hopefully be operationally more positive on cash flow at Santa Cruz Sur in Argentina. Meanwhile Kosmos has indicated some $100m of capex will probably fall as will the dividend, either way the company remains very strong.

Malcy2020-03-17T09:15:14+00:0017 March 2020|Categories: Flash Blog|Tags: Echo Energy, Kosmos Energy|0 Comments

Hurricane, Echo

Hurricane updates on the GWA JV agreements ahead of the Capital Markets day and Lancaster is still producing20,000 b/d. Echo update on operational and corporate with production going well and increasing debt as a precaution in case of demands on working capital.

Malcy2020-03-06T16:49:42+00:006 March 2020|Categories: Flash Blog|Tags: Echo Energy, Hurricane Energy|4 Comments

February Bucket list update…

It's Bucket List time and the February update is out today, cue trauma.....

Malcy2020-02-24T17:45:32+00:0024 February 2020|Categories: The Bucket List|Tags: Amerisur Resources, Aminex, Chariot Oil & Gas, Echo Energy, Eco Atlantic Oil & Gas, Far Limited, Genel Energy, Hurricane Energy, Jersey Oil & Gas., PetroTal Corp, Predator Oil & Gas, President Energy, Reabold Resources, Rockhopper Exploration, RockRose Energy, Savannah Petroleum, SDX Energy, Serica Energy, Trinity Exploration & Production, Victoria Oil & Gas|8 Comments

Echo Energy

A non-commercial gas discovery at Tapi Aike for Echo this morning but with flow of gas and condensate able to give data to tap into this working Petroleum system all is not lost.

Malcy2020-02-19T09:19:41+00:0019 February 2020|Categories: Flash Blog|Tags: Echo Energy|2 Comments

Echo Energy, RockRoseEnergy

From Cairo today a quick word on Echo who are doing all the right things as are RockRose who are bidding for one of them Cotton fields back home...

Malcy2020-02-05T15:26:43+00:005 February 2020|Categories: Flash Blog|Tags: Echo Energy, RockRose Energy|2 Comments

Echo Energy

Encouraging news from Echo this morning and whilst not tested looks to have a 19m gross column in the Springhill formation.

Malcy2020-01-30T09:05:21+00:0030 January 2020|Categories: Flash Blog|Tags: Echo Energy|1 Comment

Oil price, Trinity, Echo, Far, President, Touchstone, Lamprell – And finally…

Oil has rallied for a number of reasons but Libya is getting pretty lively. Trinity have, as usual a very positive update across the board while Echo also seems to be becoming interesting at the Santa Cruz Sur. Far has gone ahead with its FID for Senegal and is now sorting out the financing which seems nearly all done. President has tapped Trafigura who are injecting money into this well run company and Lamprell confirms the two jackup orders. Finally Touchstone testing an oil play now have a 'liquids rich' structure.

Malcy2020-01-20T14:40:55+00:0020 January 2020|Categories: Daily Blog|Tags: Echo Energy, Far Limited, Lamprell, President Energy, Touchstone Exploration, Trinity Exploration & Production|2 Comments

Oil price, Echo, Genel, Nu-Oil, Reabold, Eco – And finally…

The headlines are obviously of the US taking out Qassem Soleimani thereby reigniting tensions in the Gulf and surrounding areas. Companies catching up on news include Echo who are perforating and stimulating at Tapi Aike and have spudded at CLix-1001. Genel have another excellent producer at TT-34 and are unlikely to be affected by current problems in the Middle East. NU-Oil has made a modest raise, much to come from that company this year whilst it is now positioning itself for the inevitable deal. Reabold have found oil and gas at West Brentwood and Eco (Atlantic) has light oil to the North and the South.

Malcy2020-01-06T13:32:10+00:006 January 2020|Categories: Daily Blog|Tags: Echo Energy, Eco Atlantic Oil & Gas, Genel Energy, Nu-Oil and Gas, Reabold Resources|2 Comments