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Echo Energy acquires 70% stake in Santa Cruz Sur assets

Wed, 13th Nov 2019

Echo Energy said it completed the acquisition of a 70% stake in the Santa Cruz Sur assets from Petrolera El Trebol. The assets acquired were expected to boost revenue and provide the company with drilling opportunities. 'I am delighted to complete this transaction, which will be a key catalyst for Echo. We believe we have secured a very attractive price for a package of assets which provide the company with a balanced, revenue-generating portfolio with significant upside as well as exciting near-term drilling opportunities,' said Martin Hull, chief executive. At 10:12am: (LON:ECHO) Echo Energy Plc share price was 0p at 2.68p Story provided by StockMarketWire.com

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