Echo Energy

Echo has announced that its Santa Cruz Sur well, the Clix-1001 has identified the top of its primary target, the Springhill formation, some 28m above the pre-drill diagnoses and 58m above the interpreted regional water contact zone within the area.

The fact that the Springhill formation, across a 19m gross interval between 2’124m and 2,143m is shallower than pre-drill prognoses has estimated is ‘potentially indicative of increased reservoir volumes situated above the water contact across the Campo Limite area’ but confirmation of this will be the subject of future technical work.

The company say that the completion and testing are expected to start 2H February 2020. The rig will determine the productivity of the reservoir and identify which intervals are net pay. Quite correctly the company cautions of the need for testing both for producible gas at Clix-1001 and to de-risk further appraisal targets in the area but this is nevertheless encouraging news from Echo.