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Drilling Commences on CSo-2001(d)

Source: www.gulfoilandgas.com 7/3/2018, Location: South America

Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the commencement of drilling of the final well in the four well back-to-back campaign in the Company's Fraccion D asset, onshore Argentina, operated by Compania General de Combustibles S.A. ("CGC") in joint venture with Echo

. The well, in the western area of the Fraccion D licence, targets a Tobifera high identified on 2D data, and is planned to be drilled to a measured depth of approximately 1,514 metres by the Petreven H-2015 rig.

The CSo-2001d well is targetting 19.0 bcf (gross best case) contingent resources, assigned to the prospect in the recent Competent Person's Report (CPR) produced by Gaffney Cline & Associates in addition to a further 18.7 bcf (gross best case) of prospective resources identified in the same CPR.

The Company will update shareholders with progress on the exploration drilling programme as the programme advances.

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