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Echo Energy completes Argentina well workovers

One of the four 'worked over' well has been connected for production and Echo intends to report on volumes once all four have been commissioned

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Echo has now also decided to test two zones in the EMS-1001 well

Echo Energy Plc (LON:ECHO) has told investors that its programme of well interventions has now been completed for four wells at the Fracción D project.

Commissioning work is now underway, and, the first of them has now been connected for production. The CSo-96 well is now flowing into storage tanks.

The company said it will update on production volumes once all four wells have been commissioned for production and rates have stabilised.

READ: Echo Energy to keep up pace through rest of 2018

"I am very pleased to announce the successful completion of our previously announced well intervention activity, and that the first well in the series has already been hooked up to the field facilities and is contributing to our production,” said Fiona MacAulay, Echo chief executive.

“The remaining wells in the programme are in the final process of commissioning and are expected to come online in the coming month.”

EMS-1001 testing and Tapi Aike seismic

Elsewhere, the company has moved on to the EMS-1001 well location, where a remedial cement job has been completed, and, two zones have been selected for initial flow testing.

The company noted that any further operations here will be conducted in future via rigless operations.

At the Tapi Aike exploration project, the company highlighted that seismic crews and equipment are now scheduled to be on location in the first two weeks of December.

The seismic programme is designed to capture 1,200 square kilometres of data, and, it is seen as critical in the planning for future high impact exploration wells.

Quick facts: Echo Energy PLC

Price: 2.55 GBX

AIM:ECHO
Market: AIM
Market Cap: £18.15 m
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