26th Feb 2019 12:46
LONDON (Alliance News) - Echo Energy PLC on Tuesday said it completed a 3D survey across the eastern cube on Tapi Aike, in Argentina, on schedule.
The Latin America-focused oil & gas company added that the initial indications suggest "very good" data quality".
"The equipment will now mobilise to the western cube and start acquisition once all equipment is on site and surveys have been completed," the firm added.
Furthermore, Echo confirmed it is utilising the results of mechanical stimulation at the EMS-1001 well at its Fraccion C licence, onshore Argentina, to refine a mechanical stimulation design for the ELM-1004 well.
Echo Energy shares were trading up 0.6% at 4.30 pence each.
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