Tag Archive for Echo Energy

Echo Energy completes inflow tests on EMS-1001 well and signs new deal in Bolivia (ECHO)

Echo Energy (LSE:ECHO) released news on three developments this morning. Firstly, the Latin  America focused company reported the signing of a Technical Evaluation Agreement (TEA) with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) for the Rio Salado Block, onshore Bolivia. The work programme will include the interpretation of three 2D seismic lines, acquired in 2015 / 2016…

New seismic contract sees Echo Energy take major step forward at Tapi Aike (ECHO)

Today saw Echo Energy (LSE:ECHO) sign a contract to survey new leads across its Argentinean portfolio, including several opportunities within its highly-prospective Tapi Aike licence. However, with the market already anticipating the news, the firm failed to recover any of the losses it suffered last week following the failure of a key well, with shares sitting…

Echo Energy CEO MacAulay talks through recent well results and busy work programme ahead (ECHO)

Tuesday saw Echo Energy (LSE:ECHO) fall 11.5pc to 12.5p after announcing that the CSo-2001(d) well in its Fraccíon D asset is unlikely to contribute economically to the area gas production project after suffering major pressure depletion. Here, Echo’s chief executive Fiona MacAulay talks to ValueTheMarkets about the news before providing some in-depth insight into the firm’s…