RE: Looking forward8 Dec 2020 11:09
Martin Hull, CEO of Echo Energy, commented:
"This has been a very busy period for Echo. Further to recent announcements on the debt restructuring and fundraise which have provided Echo with a materially strengthened financial platform, and positive steps to recoup and streamline our VAT payments in country, I am very pleased to announce that we have continued to reopen previously shut-in fields leading to material production increases.
Across these fields, we are pleased to have seen no evidence of any reservoir deterioration as a result of the shut in periods and in the case of the Palermo Aike field, we have in fact seen a material increase in production levels. We see significant potential for further field reopenings and production optimisation activity across our production assets both this year and throughout 2021 in what is shaping up to be a busy operational period for...
we are already looking at 2500 BOPD, SP is a BIG JOKE to it's pears, that is pumping out that amount
and that is without GAS
308..