Business
Tapi Aike Progress Update
Tapi Aike Progress Update.
About this update from Nativo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9481G Echo Energy PLC 29 July 2019 \n\n29 July 2019\n \nEcho Energy\n(\"Echo\" or the \"Company\")\n \nTapi Aike Progress Update\n \nEcho Energy, the Latin American-focused upstream oil and gas company, announces that initial seismic processing of data from the 3D seismic survey conducted over the 414km2 eastern cube (Chiripa Oeste) at Tapi Aike, its licence in Argentina's Santa Cruz province is now complete. \n \nAnalysis on this processed data is currently being conducted by a team of geophysical specialists. Early interpretations highlight a similar amplitude feature that was recognised during the interpretation of the 2D seismic. Current analysis is focused on the geological understanding of the feature identified in the seismic data. This will provide Echo, and its partner and licence operator Compañía General de Combustibles S.A., further input into prospect generation on the eastern survey as it progresses towards identifying drill locations on the block.\n \nAs announced on 19 June 2019, 3D seismic on the western cube (Travesia de Arriba) of 790 km2 is currently being processed by Seismic Prospect S.R.L in Buenos Aires following the earlier completion of seismic acquisition. Technical work remains on track and an update will be provided to investors in due course.\n \nThe continuing positive progression of the seismic programme on schedule represents important steps in the delivery of the exploration campaign targeting the spudding of wells during Q4 2019.\n \n \nFor further information, please contact:\n \n\n\n\nEcho Energy\nMartin Hull, Chief Executive Officer\n \n\n\[email protected]\n\n\n\n\nCenkos Securities (Nominated Advisor)\nDavid Jones\nBen Jeynes\nKaty Birkin\n \n\n\n+44 (0) 20 7397 8900\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\nShore Capital (Joint Corporate Broker)\nJerry Keen\n \n\n\n+44 (0)20 7408 4090\n\n\n\n\nVigo Communications (PR Advisor)\nPatrick d'Ancona\nChris McMahon\n \n\n\n+44 (0)20 7390 0230\n\n\n\n \n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Inf...