"It's a tough one Waiuta... ECH could be a great growth stock if...

"It's a tough one Waiuta... ECH could be a great growth stock if only management and Eyal would allow it to grow and get its hands dirty.

But the more I research, the more I believe ECH is just an energy interest holding company.

What I mean by that is ECH just wants to invest in projects without actively participating in them."..from across the ditch.. I feel this could be a hindrance along with the 15% free float shares...

Just look at Mereenie ECH now holds 50%... yet the operator CTP holds 25% ..

Now CTP total market-cap is only 39mill just look at all CTP prime O&G assets !!!

Yet ECH ticks up a loan with Macquarie A$49.5mill + another 4mill to be paid ..and how many years to pay back the loan+interest over the next several years

One would think a much better growth strategy would be sitting down with the likes of CTP and working out a M&A deal via ECH scrip for 25% more of Mereenie then gain operational staff to drive futher operations in NT GAS space

Now CUE isn't much different yet another Energy investment company nil operational interests just minor holdings in muti projects..

So you could say ECH / CUE are really like "Gold royalty companies" they invest S/H funds to secure interests in other O&G company's operations ..

Also if ECH goal is to continue to be a Energy royalty company they 100% should be returning a large percent of Net profit pa to S/Hs ... as that's what royalty companies do !!



“Mereenie is a field we like a lot,” comments Echelon CEO, Andrew Jefferies, “so much that we
just bought another 25%. It is a big structure and has further potential. These wells demonstrate
the Joint Venture’s commitment to providing the Northern Territory with further reliable
conventional gas supply, and the gas contracts we recently signed are a clear demonstration of
the need for that. Over the last couple of years, the JV has applied lot of science getting a better
understanding of the rocks at Mereenie. These will be the first wells drilled using that new
understanding, and I'm hoping that will serve us well as we move forward.