EMS 100121 Jan 2019 16:28
Just looking back over RNS's for this well
21st June 2018
Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce a significant light oil column has been interpreted in its third well, onshore Argentina.
Fiona MacAulay, Chief Executive Officer of Echo, commented: "We are delighted that initial interpretation of our third well suggests a material and potentially transformational light oil column in the emerging Tobifera play of the basin, exceeding our high case expectations. We can already consider results for this well to date to be very encouraging from a volumetric and value perspective.
The Company will  now take the time required to confirm the early interpretation of the wireline logs and design an effective test program with a view to confirming the scale of our new oil discovery.
Note the end of last paragraph "OUR NEW OIL DISCOVERY"The Tobifera is known to be oil producing after fracking, so we just need confirmation from the fracking exercise which we should have in a week or two.