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IN BRIEF: Echo Energy Says Santa Cruz Compressors Deal Reduces Costs

Wed, 09th Sep 2020 17:21

Echo Energy PLC - Latin American focused upstream oil and gas - Joint-venture partners at Santa Cruz Sur blocks, Argentina buy four previously leased gas compressors for USD2.2 million. Purchase reduces gross monthly operating expenditure by around USD100,000. Echo Energy taking phased approach to bringing back wells into production at site. Expects to generate additional monthly operating revenue of USD120,000 per month by fourth quarter should brent prices reach USD45 a barrel.

Current stock price: 0.50 pence

Year-to-date change: down 78%

By Eric Cunha; ericcunha@alliancenews.com

More News

6 Mar 2020 10:32

Echo Energy Says Argentina Production In Line With Expectations

19 Feb 2020 15:14

Echo Energy shares slide on 'disappointing' gas discovery

(Sharecast News) - Latin America-focussed upstream oil and gas company Echo Energy announced a non-commercial gas discovery at the Campo La Mata Exploration well in the Tapi Aike licence on Wednesday, following completion of testing on the lower secondary target, being 'D3' or 'Anita', and the primary target, being 'Magallenes 20' or 'Lobe C'.

19 Feb 2020 09:45

Latest Share Chat

Echo Energy Share News (ECHO)

Share Price Information for Echo Energy (ECHO)

IN BRIEF: Echo Energy Says Santa Cruz Compressors Deal Reduces Costs

Echo Energy Says Argentina Production In Line With Expectations

Echo Energy shares slide on 'disappointing' gas discovery

Echo Energy Shares Fall After Non-Commerial Gas Discovery At Tapi Aike

Ascent Shares Dive Amid Board Changes, Share Reorganisation

Echo Energy positive on production at Santa Cruz Sur

Echo Energy Reports Production From New Santa Cruz Sur Asset

Echo Energy Hopeful On Initial Results From Argentinian Well Drilling

Echo Energy "Encouraged" By Argentina Well Drilling Reports

Echo Energy Spuds Campo Limite Exploration Well In Argentina

Echo Energy Begins Moving Drilling Rig To Palermo Aike In Argentina

Echo Energy To Proceed With Testing Tapi Aike Well Amid Positive Data

Regency Mines To Raise GBP831,000, Carry Out Share Consolidation

Echo Energy Integration Of Santa Cruz Sur Assets Going Well

Echo Energy Commences Drilling At Tapi Aike License In Argentina

Echo Energy Clears Hurdles For Santa Cruz Sur Acquisition

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IN BRIEF: Echo Energy Says Santa Cruz Compressors Deal Reduces Costs

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