ECA Marcellus Trust I V.ECT.H

Primary Symbol: ECTM

Energy Oil & Gas E&P

ECA Marcellus Trust I (the Trust) is a statutory trust. The Trust does not conduct any operations or activities. The Trust's purpose is to hold the Royalty Interests, to distribute to the Trust unitholders cash that the Trust receives in respect of the Royalty Interests after the payment of Trust expenses, and to perform certain administrative functions in respect of the Royalty Interests and the Trust units. The Trust owned royalty interests in the 14 Producing Wells and royalty interests in 52 horizontal natural gas development wells to be drilled to the Marcellus Shale formation within the area of mutual interest (AMI), in which Legacy ECA holds approximately 9,300 acres, of which it owned all the working interests, in Greene County, Pennsylvania. The Trust also holds royalty interests in over 40 development wells that are in production. Its subsidiary, Greylock Production, LLC, which operates subject wells. The Bank of New York Mellon Trust Company, N.A. serves as Trustee.

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ECA Marcellus Trust I > Far from bankruptcy

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Post by eKanameStockon Jun 17, 2019 11:08am

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Post# 29832238

Far from bankruptcy

People are bashing the stock as usual, two great acquisitions made paid in cash and shares, after consolidation it should be at 0.5$ per share.

the company close a PP at 0.15$ while the market price is below that, that’s crazy, so they’re doing something good! Keep your eyes on it!

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