Echo Energy PLC Tapi Aike Progress Update (9481G)
July 29 2019 - 2:01AM
UK Regulatory
TIDMECHO
RNS Number : 9481G
Echo Energy PLC
29 July 2019
29 July 2019
Echo Energy
("Echo" or the "Company")
Tapi Aike Progress Update
Echo Energy, the Latin American-focused upstream oil and gas
company, announces that initial seismic processing of data from the
3D seismic survey conducted over the 414km(2) eastern cube (Chiripa
Oeste) at Tapi Aike, its licence in Argentina's Santa Cruz province
is now complete.
Analysis on this processed data is currently being conducted by
a team of geophysical specialists. Early interpretations highlight
a similar amplitude feature that was recognised during the
interpretation of the 2D seismic. Current analysis is focused on
the geological understanding of the feature identified in the
seismic data. This will provide Echo, and its partner and licence
operator Compan i a General de Combustibles S.A., further input
into prospect generation on the eastern survey as it progresses
towards identifying drill locations on the block.
As announced on 19 June 2019, 3D seismic on the western cube
(Travesia de Arriba) of 790 km(2) is currently being processed by
Seismic Prospect S.R.L in Buenos Aires following the earlier
completion of seismic acquisition. Technical work remains on track
and an update will be provided to investors in due course.
The continuing positive progression of the seismic programme on
schedule represents important steps in the delivery of the
exploration campaign targeting the spudding of wells during Q4
2019.
For further information, please contact:
Echo Energy m.hull@echoenergyplc.com
Martin Hull, Chief Executive Officer
Cenkos Securities (Nominated Advisor)
David Jones
Ben Jeynes
Katy Birkin +44 (0) 20 7397 8900
Hannam & Partners (Joint Corporate Broker)
Giles Fitzpatrick
Andrew Chubb
Ernest Bell +44 (0)20 7907 8500
Shore Capital (Joint Corporate Broker)
Jerry Keen +44 (0)20 7408 4090
Vigo Communications (PR Advisor)
Patrick d'Ancona
Chris McMahon +44 (0)20 7390 0230
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END
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