The Company is pursuing a high value piped onshore gas strategy across South and Central America, which commences with a Multi Tcf potential exploration portfolio.
Creating shareholder value
Experienced team delivering on stated strategy of building mid cap upstream oil and gas company through acquisition of first transformational assets in an accelerated time frame and with strong local partner base.
Active work programme to deliver resource growth and production increase through exploration and short term operational activities generating multiple catalysts for newsflow across the asset base.
Shaping the business
Echo is a first mover in the opening LatAm upstream space creating a high value investment opportunity across exciting underexplored basins in Argentina and Boliva.
Echo's portfolio provides an exceptional platform for future growth across the region.
Development and near-term production
Echo benefits from a 50% share of gross production across the asset base. At 1st January 2018 gross production was 11.2 mmscfe/d (c.2000boe/d).
Echo's exploration and development activities are targetting significant increases in daily production over the next five years.
Working with experienced operators in-country
CGC is an independent energy company operating in Argentina that engages in the exploration, development and production of hydrocarbons, including natural gas, crude oil and, to a lesser extent, upstream liquid natural gas. CGC has a portfolio of 40 oil and gas fields in Argentina, with substantially all of the exploration and production activities focused onshore across the Austral Basin in the province of Santa Cruz in the southern part of the country.