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.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Echo Energy (ECHO)