Echo Energy PLC - Santa Cruz Sur Operational Update
("Echo" or the "Company")
Santa Cruz Sur Operational Update
Integration of the recently acquired interest in the assets is progressing positively. To this end, detailed meetings have been held between the Company and the Operator. Particular focus is on the near term work programme and 2020 activity and budget.
Echo is also pleased to announce that once the Petreven H-205 rig has completed drilling the Company's
The well will be drilled to a total measured depth ("TD") of approximately 2,600 metres in two vertical sections. A full suite of wireline logging tests will be conducted over the Springhill reservoir which is expected to be encountered at a true vertical depth ("TVD") of 2,150 metres.
As previously announced the costs of the Campo Limite well that correspond to Echo's interest will be paid for by
"Following the successful completion of our acquisition of a 70% interest in the Santa Cruz Sur assets, Echo now has a diversified E&P portfolio in the
For further information, please contact:
+44 (0) 20 7390 0230
Cenkos Securities (Nominated Adviser)
+44 (0) 20 7397 8900
Shore Capital (Joint Corporate Broker)
+44 (0) 20 7408 4090
Bbl means barrels; boepd means barrels of oil equivalent per day; and mmcf means million standard cubic feet.
This information is provided by RNS, the news service of the
Quick facts: Echo Energy PLC
Market Cap: £3.03 m
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