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Echo Energy

Current Price 3.40p Bid 3.30p Ask 3.60p Change 1.47%
Last Updated: 26/05/2019 18:03. Prices delayed by at least 15 minutes.
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Company Overview

Echo Energy plc (formerly Independent Resources plc) is a London listed Latin American focused mid-cap gas company in the making. The Company is pursuing a high value piped onshore gas strategy across South and Central America, which commences with a Multi Tcf potential exploration portfolio.

Financial Highlights Year Ended 31/12/2018

Turnover
£8.84m
Operating Profit
£-20.53m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-0.62

Key Personnel

Fiona Margaret MacAulay
Chief Executive Officer
Martin George Michael Hull
Chief Financial Officer
James Parsons
Non-Executive Chairman
Stephen James Whyte
Non-Executive Director
Marco Fumagalli
Non-Executive Director
Dr Gavin McDonald Graham
Non-Executive Director

Stock Details

EPIC
ECHO
ISIN
GB00BF0YPG76
Shares in Issue
477,939,144
Market cap
£16.25m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
3.45p
Bid Price
3.30p
Ask Price
3.60p
Volume
4404971
Change Today
0.05p
% Change Today
1.47%
Open
3.32p
Previous Close
3.45p
Intraday High
3.80p
Intraday Low
3.30p
52 Week High
19.45p
52 Week Low
2.30p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Echo Energy Intra-day Chart

Echo Energy News

News in this section is provided by AJ Bell

Echo Energy achieves average $63.80 per barrel oil price in 2018 27 Mar 2019 | 14:18 Director Deals - Echo Energy Plc (ECHO) 15 Feb 2019 | 13:55 Echo Energy to shut EMS-1001 as testing reveals well is not commercial 12 Feb 2019 | 10:02 Echo Energy commences stimulation work at Argentina well 08 Jan 2019 | 14:13 Echo Energy to shoot seismic on Tapi Aike; Fiona MacAulay relinquishes role as CEO 11 Dec 2018 | 09:21 Echo Energy (ECHO) to present at the Shares and AJ Bell investor evening event in Edinburgh on November 22, 2018 23 Oct 2018 | 14:36 Echo Energy's intervention work delivers production boost in Argentina 22 Oct 2018 | 08:40 Echo Energy completes well workovers in Argentina 03 Oct 2018 | 09:49 Echo Energy appoints CFO Martin Hull to board 02 Oct 2018 | 08:39 Echo Energy losses widen as operations in Latin America increase 12 Sep 2018 | 09:04 Echo Energy agrees seismic acquisition with UGA Seismic SA 07 Sep 2018 | 08:36 Echo Energy signs new Bolivia agreement; cuts Peso exposure 31 Aug 2018 | 09:37 Echo Energy well test comes up short amid pressure depletion across western flank 28 Aug 2018 | 09:01 Echo Energy eyes stimulation planning at ELM-1004 after well encounters problems 13 Aug 2018 | 08:51 UK stocks open 0.4% higher, led by miners 09 Jul 2018 | 09:00 Echo Energy discovers natural gas in Argentina 09 Jul 2018 | 07:20 Echo Energy prepares to move testing rig to drilled wells in Argentina 06 Jul 2018 | 09:21 Echo Energy begins drilling on final well onshore Argentina 03 Jul 2018 | 09:22 FTSE rises ahead of Bank of England interest rate meeting 21 Jun 2018 | 09:11 Echo Energy rallies after data shows significant hydrocarbons in EMS-1001 exploration well 21 Jun 2018 | 08:25 Echo Energy to accelerate drilling at Fraccion D asset 15 Jun 2018 | 09:19 Echo Energy says drilling underway at EMS-1001 12 Jun 2018 | 09:34 Echo Energy gathers positive well test results in Argentina 11 Jun 2018 | 14:48 Echo Energy completes ELA-1 well 06 Jun 2018 | 08:46 Echo Energy says drilling underway at second exploration well 29 May 2018 | 09:36

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
0.3
0.3
Intangible Assets & Goodwill
1.6
1.9
Investments & Other Non-Current Assets
0.0
0.0
Total Non-Current Assets
1.9
2.2
Inventory
0.8
0.0
Trade & Receivables
6.9
1.1
Cash & Receivables
15.6
19.7
Other Current Assets & Assets Held for Resale
0.0
0.1
Total Assets
25.2
23.0

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
2.2
2.5
Long Term Liabilities
16.0
11.6
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
18.2
14.1

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
7.1
8.9

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
4.5
3.1
Minority Interests
0.0
0.0
Retained Earnings
-66.0
-28.5
Share Premium Account
58.3
24.6
Other Equity
10.2
9.6
Total Equity
7.1
8.9

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
-12.5
-3.3
Cashflow Before Financing
-27.1
-5.2
Increase / Decrease in Cash
-11.0
19.5

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
8.8
0.0
Cost of Sales
8.2
0.0
Gross Profit
0.6
0.0
Operating Profit
-20.5
-5.8
Pre-Tax Profit
-24.4
-7.4
Profit / Loss for the Year
-24.5
-7.4
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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