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IN BRIEF: Echo Energy 2020 revenue surges but loss widens Thu, 6th May 2021 16:15 Echo Energy PLC - Latin American focused upstream oil & gas company - Revenue for 2020 surges to USD11.1 million from USD2.6 million in 2019, though pretax loss widens to USD15.3 million from USD10.0 million. Cost of sales rise to USD13.4 million from USD3.1 million, leaving gross profit for 2020 at USD2.3 million versus USD541,473 year before. Meanwhile, financial expense nearly doubles to USD10.2 million from USD5.8 million. 2020 marked first full year of operations at the Santa Cruz Sur assets following the ...

6 May 2021 | 08:29am StockMarketWire.com - Energy company Echo Energy reported wider annual losses as jump in costs offer a more than fourfold increase in revenue. For the year ended 31 December 2020, pre-tax losses widened to $15.3 million from $10.03 million year-on-year, while revenue jumped to $11.1 million from $2.6 million. In 2020, Echo's net cumulative production was 0.72 MMboe, which included 3,750 mmscf of natural gas and 94,693 bbls oil and condensate. 'The market for the company's liquid production has now normalised with regular sales taking place and global benchmarks re...

Oil price, JOG, Genel, Predator, BPC, Echo. And finally… JOG has announced results for 2020 this morning and all is as expected, after all much has happened since the year end and the company is on the brink of significant progress on the GBA project. WTI $65.63 -6c, Brent $68.96 +8c, Diff -$3.33 +14c, NG $2.94 -3c, UKNG 61.36p +1.86p Oil price Nothing changes as oil continues to nudge forwards, the EIA inventory stats were fairly similar to the API, crude and distillates saw decent draws, only gasoline disappointed with a small build mainly as refinery runs increased by 1.1% w/w. Jersey O...

Cineworld leads list of ten most shorted UK stocks Sainsbury's, Tullow Oil and Hamerson also being shorted Investors take aim at the cinema which has been forced to shut for over a year Cineworld Group, the world's second-largest cinema chain, was the most shorted UK listed company, according to analysis from ETF provider GraniteShares. Around 7.1% of Cineworld's stock was held short by six investment firms, with New Holland Capital taking the largest position with 2.42% of the company's shares. The next most shorted UK listed companies were Sainsbury's, Tullow Oil, Hammerson and Echo Energy...

Operational and Commercial Update - Q1 2021   Echo Energy, the Latin American focused upstream oil and gas company, is pleased to provide an operational and commercial update regarding its Santa Cruz Sur assets, onshore Argentina, for the quarterly period ended 31 March 2021.   Daily operations in the field at Santa Cruz Sur continue with the delivery of produced gas to customers as expected and without interruption. Production over the period from 1 January 2021 to 31 March 2021 reached an aggregate of 152,673 boe net to Echo, which included 17,814 bbls of oil and condensate and...