(Energy Analytics Institute, 9.Jun.2020) — Echo Energy has a portfolio of five production concessions in the Austral Basin, Santa Cruz province. The company provided an update on its Santa Cruz Sur assets, which can be seen here. __________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.
Tag: Echo Energy
Echo Says Santa Cruz Sur Cash Outflows Reduced
(Echo Energy, 14.Apr.2020) — Echo Energy updated on its production and operations, and on progress in relation to cost reduction and cash management initiatives to ensure cash flow positive operations at Santa Cruz Sur and substantially reduce costs at the corporate level. Production and Operational Update Daily production and operations […]
Echo Energy Extends Existing £1mn Loan
(Echo, 6.Mar.2020) — Echo Energy, the Latin American focused upstream oil and gas company, provides an update on production and operations following the Company’s recent acquisition of a 70% non-operated working interest in the Santa Cruz Sur assets, onshore Argentina. The Company also announces a two-year extension to the Company’s […]
Echo Announces Proposed Acquisition In Argentina
(Echo, 21.Oct.2019) — Echo Energy entered into a binding conditional sale and purchase agreement (the “SPA” or “Acquisition Agreement”) for the proposed acquisition by the company of a 70 per cent. initially non-operated working interest in the Santa Cruz Sur package of five mature producing blocks (the “Santa Cruz Sur […]
Echo Energy Announces Portfolio Changes, CEO Appointment
(Echo Energy, 20.May.2019) — Echo Energy plc provided an update on the Tapi Aike seismic acquisition programme and to announce a restructuring of the company’s onshore Argentinian portfolio, pursuant to which the Company will consolidate its focus on the Tapi Aike licence and its multi Tcf exploration potential. Highlights: — […]
Echo Energy Updates On Onshore Argentine Licenses
(Echo Energy plc, 15.Nov.2018) — Echo Energy provided an update on its planned operational programme and the continued development of its regional portfolio. Initiation of Two Well Stimulation Programme During 2018, Echo drilled four wells across the company’s onshore licences in Argentina (Fracción C licence). The first (ELM 1004) and […]
Echo Energy Appoints Independent Non-Executive Director
(Echo Energy, 2.Nov.2018) — Echo Energy announced appointment of Dr. Gavin Graham as an Independent Non-Executive Director of the company with immediate effect. Dr. Graham has nearly 40 years’ experience in the oil & gas industry, with 29 of those years at Shell. Commencing his career in 1980 as a […]
Echo Energy Updates on Well Result In Argentine Production Uplift
(Echo Energy, 22.Oct.2018) — Echo Energy announced plans to boost production at the Cañadon Salto Field in the Fracción D licence in Argentina, where it has now achieved 115 barrels per day (from 5 barrels per day) following four successful pilot well interventions. Work has now been completed on four […]
Echo Energy, YPFB Sign Technical Evaluation Agreement For Rio Salado Block
(Echo Energy plc, 15.Oct.2018) — Echo Energy plc signed on 12 October 2018 a Technical Evaluation Agreement (TEA) for the Rio Salado Block, onshore Bolivia, directly with YPFB (Yacimientos Petrolíferos Fiscales Bolivianos). The agreement was signed by Andres Brockman (Echo Regional Representative) and Oscar Barriga (President of YPFB) in the […]
Echo Energy Announces Successful Initial Perforation At EMS-1001 Well In Argentina
(Echo Energy plc, 15.Oct.2018) — Echo Energy plc announced an update on the initial perforation phase on the third Argentinian well. The company previously drilled four wells across its onshore licences in Argentina. On 21 June 2018, the company announced that the third well in the sequence (EMS-1001 in the […]
Echo Energy Continues To Progress Argentina Wells, Signs New Deal In Bolivia
(Proactive Investors, 15.Oct.2018) — Echo Energy Plc told investors that it has confirmed that its third Argentinian well will be suitable for mechanical stimulation, and, it will now move on to the next stage in operations. The company, in a statement, updated on the EMS-1001 well at the Fraccion C […]
Argentina’s Conventional Oil and Gas Attract Explorers
(Ft.com, Charles Newberry, 23.Sep.2019) — Fresh discovery indicates life beyond Vaca Muerta. A few years ago, when the giant shale play of Vaca Muerta was starting to lure oil majors such as Chevron, ExxonMobil and Shell to Argentina’s south-west, a small company called Roch struck oil far away at the […]
Echo Says Completes Drilling CSo-2001(d) Well
(Echo Energy plc, 9.Jul.2018) – Echo Energy plc successfully completed drilling of the CSo-2001(d) well in which a notable gas column has been interpreted from the wireline logging suite. The CSo-2001(d) well, located in the Fracción D licence operated by Compañia General de Combustibles S.A. (CGC), reached a total depth […]
Echo Announces Mobilization of Well Testing
(Echo Energy plc, 6.Jul.2018) – Echo Energy plc announces mobilisation of the Quintana 01 testing / completion rig to the Fracción C, Fracción D and LLC assets (onshore Argentina and operated by Compañia General de Combustibles S.A. (CGC) in joint venture with Echo) is scheduled to commence during the week […]
Oil Potential in Argentina’s Tobifera Formation
(Energy Analytics Institute, Jared Yamin, 26.Jun.2018) – Echo Energy plc announced a significant light oil column has been interpreted in its third well, onshore Argentina. The EMS-1001 well, located in the Fraccíon C licence operated by Compañía General de Combustibles S.A. (CGC), reached a total depth of 2460m in the […]
Echo Energy Reports 2nd Price Extension
(Energy Analytics Institute, Ian Silverman, 21.Jun.2018) – A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes, announced Echo Energy in an official statement. “Following the first price monitoring extension this security would […]
Echo Energy Sees Favorable Investment Ops in Argentina
(Energy Analytics Institute, Ian Silverman, 1.May.2018) – “Argentina offers favourable investment opportunities in the upstream sector. A historical lack of investment means the country is now reliant on imported gas to feed its growing economy. The country is opening itself to foreign investment in a bid to replace reserves and […]