Echo Energy announces gas to surface at Fracción D asset, onshore Argentina

4/13/2018

LONDON -- Echo Energy plc, the Latin American focused upstream oil and gas company, has announced gas to surface on the first well of a three-well workover campaign at the Company's Fracción D asset, onshore Argentina.

Well CSo-85 was perforated across the Springhill formation and successfully flowed gas to surface without intervention, following which the well flowed through the rig de-gassing system at an estimated rate of 2 MMscfd through a 20/64-in. choke with a tubing head pressure of 1,100 psi.

The full testing unit is expected on site in 10-14 days at which stage a multi-rate, extended flow and build-up test will be undertaken. The Quintana-01 rig will shortly be moving to well CSo-80 to commence workover operations this weekend.

The Company will provide market updates, as appropriate, as the workover program advances.

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