Nativo Resources (NTVO)

Sector:

Energy Producers

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  • 52 Week High: 0.017
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  • Currency: UK Pounds
  • Shares Issued: 61,714m
  • Volume: 2,983,074,028
  • Market Cap: £1.54m

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Echo Energy kicks off four well campaign in Argentina

By Duncan Ferris

Date: Wednesday 09 May 2018

LONDON (ShareCast) - (Sharecast News) - Upstream oil and gas firm Echo Energy announced on Wednesday that it has begun drilling the first exploration well of a back-to-back four well drilling campaign in Argentina.
The campaign at the onshore Fracción C asset has seen the arrival of the Petreven H-205 rig, currently on contract at the AIM-traded company's joint-venture partner Compañía General de Combustibles S.A., which spudded the first exploration well ELM-1004.

This first well targets the crest of a structure at the Upper and Middle Tobífera levels with Pmean gross gas initially in place estimated as 38 bcf.

Meanwhile, the extended flow period of the CSo-85 well test on the Fraccion D asset has been completed and the well has been shut to allow for a planned pressure build up.

Fiona MacAulay, chief executive of Echo Energy, said: "We are delighted to be starting our exciting four well exploration campaign shortly after the successful workover well campaign in Fracción D. A presentation with further details on the exploration well location and target structure will be uploaded to the Company website shortly."

As of 0901 BST, Echo Energy's shares were up 6.77% at 13.40p.

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NTVO Market Data

Currency UK Pounds
Share Price 0.003p
Change Today 0.000p
% Change 8.70 %
52 Week High 0.017
52 Week Low 0.002
Volume 2,983,074,028
Shares Issued 61,714m
Market Cap £1.54m

NTVO Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value Not Available
Price Trend
91.97% below the market average91.97% below the market average91.97% below the market average91.97% below the market average91.97% below the market average
87.18% below the sector average87.18% below the sector average87.18% below the sector average87.18% below the sector average87.18% below the sector average
Income Not Available
Growth Not Available

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14:14 23,923,076 @ 0.003p

NTVO Key Personnel

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