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Wed, 19th Jun 2019 12:17
(Alliance News) - Echo Energy PLC on Wednesday said it has bought 3D seismic data covering the western cube of the Tapi Aike licence in Argentina.
This is a "key" operational milestone, Echo said, and means it is on track to begin drilling at the licence in the last quarter of 2019.
Echo's partner is now processing the data, with processing of 3D seismic for the eastern cube nearly finished.
Echo shares were 2.6% higher on Wednesday at midday in London at a price of 2.56 pence each.
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