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Pin to quick picksEcho Energy Share News (ECHO)

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Echo Energy shutting in well after disappointing testing

Tue, 12th Feb 2019 08:23

(Sharecast News) - Echo Energy updated the market on its mechanical stimulation and testing operations on the EMS-1001 well in its Fracción C licence, onshore Argentina, on Tuesday, confirming they had now been completed.The AIM-traded firm said the well was mechanically stimulated through a 4m perforated interval in the Tobifera formation between 1892m and 1896m.Following clean-up operations using coiled tubing, EMS-1001 produced a mixture of pumped stimulation fluid and formation water at an average rate of 465 barrels per day, while being artificially lifted using swabbing.No hydrocarbons were recovered from the well, the firm said, which suggested that the interpreted hydrocarbons present in the section were not mobile.Based on those testing results, the company concluded that the EMS-1001 location was not commercial, and no further testing was planned.The well would now be shut-in."The disappointing results of the EMS 1001 stimulation have demonstrated the challenges of working in a new volcaniclastic play," said Echo Energy managing director Martin Hull."As we continue with our very active 2019 work programme we are now focused on more typical reservoirs, without volcaniclastics, in the West of the basin - Tapi Aike - and the Springhill in our C, D and L licences in the East."We have a heavy work programme at Tapi Aike this year, with seismic acquisition currently ongoing, leading to an exciting drilling campaign."
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3 Feb 2023 16:30

TRADING UPDATES: Altona extends repayment; Kefi advances Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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13 Jan 2023 11:08

Echo Energy fourth-quarter production up; aims to accelerate growth

(Alliance News) - Echo Energy PLC on Friday said production was up in the fourth quarter, as it targets the reopening of more wells.

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6 Dec 2022 17:47

Echo Energy completes reactivation of Chorillos wells at Santa Cruz

(Alliance News) - Echo Energy PLC on Tuesday said it has successfully reactivated three wells in the Chorillos field, after a dormant period of four years.

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6 Dec 2022 12:37

Echo Energy reactivates three Chorillos wells

(Sharecast News) - Latin America-focussed Echo Energy updated the market on progress with the reactivation of three wells in the Chorillos field on Tuesday, which it first announced on 10 November.

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2 Dec 2022 14:45

Echo Energy submits shares to AIM on completion of debt restructuring

(Alliance News) - Echo Energy PLC on Friday said that, following the completion of its balance sheet restructuring, it has made an application for over three billion shares to be admitted to trading on AIM.

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2 Dec 2022 12:39

Echo Energy set to complete its debt restructuring

(Sharecast News) - Latin America-focussed Echo Energy announced the completion of its debt restructuring and issue of equity on Friday.

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11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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10 Nov 2022 14:35

Echo Energy makes good progress at Santa Cruz Sur

(Sharecast News) - Latin America-focussed Echo Energy updated the market on progress in the execution of the Santa Cruz Sur assets production and infrastructure enhancement plan on Thursday, which it first announced on 7 July.

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18 Oct 2022 15:18

IN BRIEF: Echo Energy debt holders agree to restructuring plan

Echo Energy PLC - producing from Santa Cruz Sur project, onshore Argentina - On Thursday last week, holders of EUR20.0 million in 8.0% secured notes issued by Echo agree to restructure the notes. Note holders representing EUR10.5 million in notes approved the plan by 67%. The deal, if approved by Echo shareholders at a general meeting called for Monday next week, will see EUR15.0 million of debt principal, plus accrued interest, will be converted into new shares at 0.45 pence per share. Earlier in the week, Echo had reported that it produced 392,253 barrels of oil equivalent in the first nine months of 2022, with net production increasing in the third quarter from the second.

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30 Sep 2022 22:02

EARNINGS SUMMARY: Echo Energy, Enwell Energy, Sivota revenue rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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28 Sep 2022 08:11

IN BRIEF: Echo Energy completes first stage of Santa Cruz Sur plan

Echo Energy PLC - London-based energy company focused on Latin America - Says it has successfully completed "first operational priority" of Santa Cruz Sur plan. The plan, announced in July, aims to materially lift output at Santa Cruz Sur. Echo Energy says all three power generational units are fully operational in the Cerro Molino Oeste, El Indio Oeste and Oceano fields. They will provide power to support "existing and future production levels".

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22 Sep 2022 15:49

UK shareholder meetings calendar - next 7 days

Friday 23 September 
Accsys Technologies PLCAGM
Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
Thursday 29 September 
ActiveOps PLCAGM
Chill Brands Group PLCAGM
Coral Products PLCAGM
Echo Energy PLCGM re approval of annual report
Jaywing PLCGM re funding
Orient Telecoms PLCAGM
President Energy PLCGM proposed capital reorganization
Samarkand Group PLCAGM
TransGlobe Energy CorpGM re merger with Vaalco Energy Inc
Ted Baker PLCGM re shareholders vote on acquisition by ABG 
Vaalco Energy IncGM re merger with TransGlobe Energy Corp
Van Elle Holdings PLCAGM
Walker Crips Group PLCAGM
  
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6 Sep 2022 14:51

EARNINGS SUMMARY: Alumasc ups annual payout; PCI-PAL loss narrows

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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30 Aug 2022 20:17

TRADING UPDATES: DP Poland finds new CFO; Spectral MD wins new money

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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26 Aug 2022 11:50

Echo Energy makes progress at Santa Cruz Sur

(Sharecast News) - Latin America-focussed energy company Echo Energy updated the market on progress in the production and infrastructure enhancement plan at the Santa Cruz Sur assets on Friday.

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