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IN BRIEF: Echo Energy Secures New Gas Sales Contract

Wed, 06th Jan 2021 21:59

Echo Energy PLC - Latin American-focused upstream oil & gas firm - Secures gas sales contract with unnamed customer. Under the four-month contract which ends in April, Echo Energy will supply the customer with around 1.4 million standard cubic feet per day gross of natural gas at USD2.00 per metric million British thermal units, with the price representing a 28% premium to the prevailing local spot price in the fourth quarter of 2020.

Current stock price: 0.58 pence

Year-to-date change: up 5.5%

By Ife Taiwo; ifetaiwo@alliancenews.com

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