Business
Drilling Commences on CSo-2001(d)
Drilling Commences on CSo-2001(d).
About this update from Nativo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3442T Echo Energy PLC 03 July 2018 \n\n3 July 2018\nEcho Energy plc\n(\"Echo\" or the \"Company\")\n \nDrilling Commences on CSo-2001(d)\n \nEcho Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the commencement of drilling of the final well in the four well back-to-back campaign in the Company's Fracción D asset, onshore Argentina, operated by Compañía General de Combustibles S.A. (\"CGC\") in joint venture with Echo.\n \nThe well, in the western area of the Fracción D licence, targets a Tobifera high identified on 2D data, and is planned to be drilled to a measured depth of approximately 1,514 metres by the Petreven H-2015 rig.\n \nThe CSo-2001d well is targetting 19.0 bcf (gross best case) contingent resources, assigned to the prospect in the recent Competent Person's Report (CPR) produced by Gaffney Cline & Associates in addition to a further 18.7 bcf (gross best case) of prospective resources identified in the same CPR.\n \nThe Company will update shareholders with progress on the exploration drilling programme as the programme advances.\n \n \nFor further information please contact:\n \n\n\n\nEcho Energy plc\nFiona MacAulay, CEO\n \n\n\n \[email protected]\n \n\n\n\n\nSmith & Williamson (Nominated Adviser)\nDavid Jones\nBen Jeynes\nKaty Birkin\n \n\n\n+44 (0)20 7131 4000\n\n\n\n\nHannam & Partners (Joint Corporate Broker)\nGiles Fitzpatrick\nAndrew Chubb\nErnest Bell\n \n\n\n+44 (0)20 7907 8500\n \n\n\n\n\nShore Capital (Joint Corporate Broker)\nJerry Keen\n \n\n\n+44 (0)20 7408 4090\n\n\n\n\nVigo Communications (PR Adviser)\nPatrick d'Ancona\nChris McMahon\nKate Rogucheva\n \n\n\n+44 (0)20 7390 0230\n\n\n\n \n \nThe information contained in this announcement has been reviewed by Echo Energy's Vice President, Exploration, Dr. Julian Bessa Msc, DPhil, a Fellow of the Geological Society and a Member of the Petroleum Exploration Society of Great Britain. Volume estimates are in accordance with SPE standards. bcf means billion cubic feet of gas. \n \nProspective Resources are those quantities of petroleum that are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future develop...