Independent Resources : Update re Well Stimulation Programme

RNS Number : 5271M Echo Energy PLC

08 January 2019

8 January 2019

Echo Energy plc

("Echo Energy" or the "Company")

Update re Well Stimulation Programme

Further to the Company's announcement of 11 December 2018, the Company confirms that the equipment required for the stimulation of the EMS-1001 well, drilled in June 2018 on the Company's Fracción C licence, onshore Argentina, has now arrived on site and that stimulation operations have commenced.

For further information please contact:

Echo Energy

Martin Hull, Managing [e-mail]

Cenkos Securities (Nominated Adviser)

[phone]

David Jones

Ben Jeynes

Katy Birkin

Hannam & Partners (Joint Corporate Broker)

[phone]

Giles Fitzpatrick

Andrew Chubb

Ernest Bell

Shore Capital (Joint Corporate Broker)

[phone]

Jerry Keen

Vigo Communications (PR Adviser)

[phone]

Patrick d'Ancona

Chris McMahon

Note

The assignment of Echo´s participation in the Fracción C, Fracción D, Laguna Los Capones and Tapi Aike licences is subject to the authorisation of the Executive Branch of Santa Cruz´s Province, which is part of the overall process of title transfer that is proceeding as anticipated. The licences are operated by Companı̃ á General de Combustibles S.A. ("CGC").

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