---
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"
date: 2018-06-12
canonical: "https://www.share-talk.com/echo-energy-plc-aimecho-drilling-commences-on-ems-1001/"
category: "Energy"
categories: ["Energy"]
tags: ["ECHO", "Echo Energy", "gas", "oil"]
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"
---

# Echo Energy PLC (AIM:ECHO) Drilling Commences on EMS-1001

**Published:** June 12, 2018
**Author:** sharetalk
**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)

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Echo 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”).

 

The 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).  

 

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

[www.echoenergyplc.com](https://www.echoenergyplc.com/)

 

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