LONDON (ShareCast) - (Sharecast News) - Latin America-focussed upstream oil and gas company Echo Energy announced the start of drilling on the final well in the four-well back-to-back campaign at its Fracción D asset, onshore Argentina, on Tuesday.
The AIM-traded firm said the asset is operated by Compañía General de Combustibles (CGC) in joint venture with Echo.

It said the well, in the western area of the Fracción D licence, was targeting a Tobifera high identified on 2D data, and was planned to be drilled to a measured depth of approximately 1,514 metres by the Petreven H-2015 rig.

"The CSo-2001d well is targeting 19.0 bcf gross best case contingent resources, assigned to the prospect in the recent competent person's report produced by Gaffney Cline & Associates, in addition to a further 18.7 bcf gross best case of prospective resources identified in the same CPR," Echo's board said in its statement.

Echo Energy said it would update shareholders with progress on the exploration drilling programme as it advanced.

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