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Echo Engy PLC Ord 0.25P (ECHO)

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15-Aug-2022 11:21 AM

Echo Energy raises £600,000 in oversubscribed placing

Echo Energy PLC on Monday said it has raised £600,000 via an oversubscribed placing of 242.0 million shares at 25 pence each. Echo is a London-based energy company focused on Latin America. On Friday, Echo announced a placing by wa
12-Aug-2022 06:01 PM

IN BRIEF: Echo Energy proposes placing and debt restructuring

Echo Energy PLC - London-based energy company focused on Latin America - Proposes placing by way of accelerated bookbuild to raise at least £450,000 in shares at 0.25 pence each. The issue price is around a 3% discount to Thursday's closing p
25-Jul-2022 08:30 PM

IN BRIEF: Echo Energy closer to boosting Santa Cruz Sur output

Echo Energy PLC - London-based energy company focused on Latin America - Says equipment mobilised at Santa Cruz Sur asset as part of plan to upgrade power generation capacity to levels sufficient to sustain elevated output. Echo in July had announced
30-May-2022 06:47 PM

IN BRIEF: Echo Energy increases gas production at Oceano field

Echo Energy PLC - London-based energy company focused on Latin America - Says daily gas production at Oceano field has materially increased following upgrade programme. Over the first quarter, the field produced an average of 1.72 million standard cubi
03-May-2022 04:04 PM

Echo Energy secures new gas sales contracts at ‘significant’ premiums

Latin-American focused upstream energy company Echo Energy PLC said on Tuesday that it secured two new gas sales contracts at significant premiums to 2021 contracted rates. The company said the success in obtaining the contracts reflected stron
05-Apr-2022 12:32 PM

IN BRIEF: Echo Energy posts lower quarterly oil production

Echo Energy PLC - London-based energy company focused on Latin America - Provides operational update on its Santa Cruz Sur assets in Argentina for the first quarter. Compared to the fourth quarter of 2021, total net production of barrels of oil equival
06-May-2021 08:29 AM

Echo Energy losses widen as higher costs offset more than fourfold jump in revenue

Energy company Echo Energy reported wider annual losses as jump in costs offer a more than fourfold increase in revenue. For the year ended 31 December 2020, pre-tax losses widened to $15.3 million from $10.03 million year-on-year, while revenue jumpe
12-Jun-2020 09:43 AM

Echo Energy reports slight uptick in losses as higher costs offset revenue

Upstream oil and gas company Echo Energy reported a slight uptick in losses as higher costs offset revenue. For the financial year ended 31 December 2019, pre-tax losses widened to $10m from $9.67m on-year and the company reported revenue of $2.59m. Ne
23-Oct-2018 02:36 PM

Echo Energy (ECHO) to present at the Shares and AJ Bell investor evening event in Edinburgh on Novem

Echo Energy is a full cycle, exploration led, gas focused AIM-listed E&P with an exciting asset base in Latin America. They have an ambitious growth strategy to deliver shareholder value from both the existing portfolio and new opportunities. Register to
02-Oct-2018 08:39 AM

Echo Energy appoints CFO Martin Hull to board

Echo Energy, an upstream oil and gas company, said Tuesday it had appointed Chief Financial Officer, Martin Hull, to the Echo board with immediate effect. Martin Hull was appointed as the company's Chief Financial Officer on 1 August 2018, has 18
12-Sep-2018 09:04 AM

Echo Energy losses widen as operations in Latin America increase

Echo Energy said Wednesday first-half losses widened on rising costs as the company ramped up operations in Latin America. For the six months ended 30 June 2018, the company reported a pre-tax loss $4.35m, compared with a loss of $1.65m the previous yea
06-Jun-2018 08:46 AM

Echo Energy completes ELA-1 well

Upstream oil and gas company Echo Energy said Wednesday it had completed drilling the ELA-1 exploration well at the Laguna Los Capones project, in the Fracción C licence area onshore Argentina. The well was drilled to a total depth of 1,820m and en
03-May-2018 10:48 AM

Echo Energy to present on 21 May 2018 at the Shares and AJ Bell Spotlight Evening in London

Finding investment ideas for your portfolio. If you are a new investor just starting to invest on your own or a well-experienced one, many investors are interested in selecting individual stocks for their own portfolios, but aren't sure where to begi
18-Apr-2018 09:40 AM

Echo says gas sales strong, loads first oil cargo

Upstream oil and gas Echo Energy said Wednesday that first export cargo of oil was sold to Vitol, while first-quarter gas produced was sold in the Argentinian market. Echo's share of the cargo from first quarter oil production from Fraccion C and
16-Apr-2018 02:25 PM

Echo Energy losses deepen as expenses rise

Echo Energy said annual losses deepened as it re-focused its efforts on Latin America and wrote down the value of an expired licence in Tunisia. Net losses amounted to £7.4m, compared to £1.5m of red ink in 2016. Administrative expenses of &
18-Dec-2017 08:27 AM

Echo to acquire interests in oil and gas assets in Argentina

Echo Energy is to acquire 50% working interests in each of the Fraccion C, Fraccion D and Laguna De Los Capones concessions and in the Tapi Aike exploration permit each located in the Austral basin of Santa Cruz province, onshore Argentina, and covering a
04-Dec-2017 10:26 AM

Echo Energy to present on 14 December 2017 at the Shares and AJ Bell Spotlight Evening in London

If you are looking for some new investment ideas for 2018, then come along the Shares and AJ Bell Investor Evening in London on Thursday 14 December. Directors from London Stock Exchange listed companies will present their latest plans regarding developme
01-Nov-2017 08:18 AM

Echo agrees farm-in on Argentina licences

Echo Energy has entered into a binding farm-in agreement with Compania General de Combustibles, a privately-owned subsidiary of the Argentinian conglomerate Corporacion America International, for the acquisition by Echo of a 50% interest in each of the Fr
30-Oct-2017 07:30 AM

Echo Energy confirms farm-in talks

Echo Energy has noted the recent share price movement and confirmed that it is in discussions in relation to a potential farm-in by the company into certain onshore oil and gas assets in South America. It said that by virtue of its size, the proposed tra
04-Oct-2017 09:21 AM

Echo continues to build business in Bolivia

Echo Energy has seen continued progress in South America as it assessed multiple opportunities in the region. The company said that during the last quarter it continued to build its business in Bolivia, which included the following: - completed the
15-Sep-2017 07:53 AM

Echo awards seismic reprocessing contract for Bolivia blocks

Echo Energy has awarded a seismic reprocessing contract for the 3D seismic data over the Huayco and Rio Salado blocks, onshore Bolivia. Echo said that following a competitive tender process between eight companies, the contract for reprocessing the exi
04-Aug-2017 07:36 AM

Echo Energy losses widen

Operating losses at Echo Energy rose to £1,287,580 in the six months to the end of June - up from £281,672 last time. Pre-tax losses widened to £1,651,499 from £298,701. Chief executive Fiona MacAulay, said: "Since the compa
26-Jul-2017 02:10 PM

Echo signs TEA Rio Salado Block

Echo Energy has confirmed that it has signed a Technical Evaluation Agreement (TEA) for the Rio Salado Block, onshore Bolivia. The TEA between the Company, Pluspetrol and YPFB (Yacimientos Petroliferos Fiscales Bolivianos) was signed on 25 July 2017 at t
27-Jun-2017 01:23 PM

All resolutions passed at AGM of Echo Energy

Echo Energy has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:23pm: (LON:ECHO) Echo Energy Plc share price was +0.63p at 16.5p Story provided by
27-Jun-2017 09:09 AM

Echo Energy appoints CFO

Echo Energy has appointed Will Holland as chief financial officer. Echo said that he was a proven financier with operational experience spanning over 20 years in the upstream industry. It said: "Originally technically focused, he has spent the m

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