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  3. Echo Energy Share Price
  4. Echo Energy Share News
  5. IN BRIEF: Echo Energy Completes Initial Assessment Of Monte Aymond

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IN BRIEF: Echo Energy Completes Initial Assessment Of Monte Aymond

Tue, 29th Sep 2020 18:08

Echo Energy PLC - Latin American-focused upstream oil and gas firm - Completes initial assessment of the Monte Aymond gas project in Santa Cruz Sur, Argentina. The project involves working over the Monte Aymond well which was drilled successfully in 1984. The well successfully discovered and tested gas and condensate at an initial flowrate of 2.4 million standard cubic feet per day, and subsequently at an average rate of 5 million standard cubic feet over a longer 10 month period of production. "Whilst this well was previously abandoned, the company believes that the now improved local infrasucture and prevailing gas prices mean Monte Aymond is now an exciting commercial project," says Echo.

Current stock price: 0.385 pence

Year-to-date change: down 83%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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