Malcy`s Blog12 Mar 2018 17:07
Echo Energy
Two short announcements by Echo this morning, they continue to build up their team, this time by adding Geoff Probert as COO. Geoff has significant experience across a wide range of companies in the sector and will add much to Echo.
They also announce progress in the Huyaco and Rio Salado with reprocessing of 250km� of seismic data now complete using the most up to date kit and the �exciting� technical work continues. This goes ahead as the team start working up prospects, volumes and risking, as well as finding potential well locations, plans and indeed well costs. A well programme is being contemplated for a decision by the end of the year, drilling will likely go ahead after other wells in the basin had completed and the company are expected to bring in another partner at this stage. Exciting times indeed at Echo and this shows that it is not just Argentina where Echo are concentrating, Bolivia looks to have serious potential too.