---
title: "Echo Energy PLC (LON:ECHO) Completion of Acquisitionof five mature producing blocks"
publisher: "Share Talk"
author: "sharetalk"
published: "2019-11-13T09:42:38+00:00"
modified: "2019-11-13T09:42:38+00:00"
date: 2019-11-13
canonical: "https://www.share-talk.com/echo-energy-plc-lonecho-completion-of-acquisitionof-five-mature-producing-blocks/"
category: "Energy"
categories: ["Energy"]
tags: ["ECHO", "Echo Energy PLC"]
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 (LON:ECHO) Completion of Acquisitionof five mature producing blocks

**Published:** November 13, 2019
**Author:** sharetalk
**Categories:** Energy
**Tags:** ECHO, Echo Energy PLC
**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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**Martin Hull, Chief Executive, commented:** 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.

I look forward to updating shareholders on our progress in due course, not least as we finalise preparations for drilling at Tapi AIke.

Echo Energy, the Latin American-focused upstream oil and gas company, is pleased to announce that the acquisition by the Company of a 70 per cent. initially non-operated working interest in the Santa Cruz Sur package of five mature producing blocks (the “Santa Cruz Sur Assets”), from Petrolera El Trebol SA, a subsidiary of Phoenix Global Resources plc has now completed.

Terms defined in the Circular dated 22 October 2019 apply throughout this announcement, unless the context requires otherwise.

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**Original URL:** https://www.share-talk.com/echo-energy-plc-lonecho-completion-of-acquisitionof-five-mature-producing-blocks/
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