Echo Energy shares spike as gas flows at Argentina workover campaign (ECHO)

Echo Energy (LSE:ECHO) has successfully flowed gas to surface on the first well in its much-anticipated three-well workover campaign in Argentina, leading shares to rise sharply. Well CSo-85 at Echo’s onshore Fracción D asset was perforated across the Springhill Formation and successfully flowed gas to surface without intervention. Following this, the well flowed through Echo’s…

African Battery Metals extends testing at Congo cobalt licence after positive findings (ABM)

African Battery Metals (LSE:ABM) will extend a test drilling programme at its recently acquired copper/cobalt property in the Democratic Republic of the Congo (DRC) following promising early results. The testing method – known as augering – has so far revealed elevated levels of cobalt at the firm’s 70pc-owned Kisinka licence. Augering has been carried out…

Nostra Terra ramps up development with Permian Basin double drill (NTOG)

Nostra Terra Oil and Gas (LSE:NTOG) has decided to ramp up activity across its acreage in the Permian Basin by drilling two back-to-back wells rather than just the one announced last month. The decision follows stronger-than-expected production from its recently-drilled Twin Well at the Texas-based site. A contractor will now prepare the back-to-back drilling locations…