{"id":41564,"title":"Echo Energy PLC (AIM:ECHO) Drilling Commences on EMS-1001","publisher":"Share Talk","author":"sharetalk","published":"2018-06-12T07:58:50+00:00","modified":"2018-06-12T07:58:50+00:00","canonical_url":"https://www.share-talk.com/echo-energy-plc-aimecho-drilling-commences-on-ems-1001/","markdown_url":"https://www.share-talk.com/echo-energy-plc-aimecho-drilling-commences-on-ems-1001.md","json_url":"https://www.share-talk.com/echo-energy-plc-aimecho-drilling-commences-on-ems-1001.json","category":"Energy","categories":["Energy"],"tags":["ECHO","Echo Energy","gas","oil"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":" \n\nEcho Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the commencement of drilling of the third exploration well in a four well back-to-back campaign in the Company’s Fracción C and Laguna de Los Capones assets, onshore Argentina in Joint Venture between Echo and its Argentine partner Compañía General de Combustibles S.A. (“CGC”).\n\n \n\nThe Petreven H-205 rig has commenced drilling of the Company’s third exploration well EMS-1001 (‘El Molino Sur’) which is located in the southern area of the Fracción C licence.  The well is targeting a structural 4 way closure at the Springhill and Tobifera levels and will be drilled to a measured depth of approximately 2,250 metres. Gross prospective unrisked oil initially in place for the structure on a Pmean basis is estimated at approximately 60 MMbbls (included in the recent Competent Person’s Report produced by Gaffney Cline & Associates).  \n\n \n\nThe Company will update shareholders with progress on the exploration drilling programme as the programme advances.\n\n[www.echoenergyplc.com](https://www.echoenergyplc.com/)\n\n "}