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Echo Energy completes one Tapi Aike seismic survey

It is one of two areas to be shot as part of the Tapi Aike seismic survey programme.

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The analysis will support drill decisions

Echo Energy Plc (LON:ECHO) has told investors that a 3D seismic survey has been completed for the eastern portion of the Tapi Aike project onshore Argentina.

Equipment is now being mobilised to the western portion, in order to complete the programme.

The eastern programme covers some 414 square kilometres while the western portion will cover some 790 square kilometres. Date from the whole Tapi Aike survey programme will support plans for future drilling.

READ: Echo Energy to walk away from EMS-1001 well

“Initial indications suggest very good data quality,” Echo said in a statement.

Elsewhere in Argentina, at the Fracción C licence, Echo said it is currently using results of mechanical stimulation at the EMS-1001 well to refine a mechanical stimulation design for the ELM-1004 well.

The analysis will  enable a final decision to be taken on whether to proceed with the stimulation, the company said.

Quick facts: Echo Energy PLC

Price: 2.675 GBX

AIM:ECHO
Market: AIM
Market Cap: £19.04 m
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