Echo Energy plc

Equities

ECHO

GB00BF0YPG76

Oil & Gas Exploration and Production

Delayed London S.E. Other stock markets 02:34:09 16/05/2024 pm IST			5-day change	1st Jan Change
0.003 ^GBX	-3.23%		0.00%	-70.00%

09/05	North American Income replaces investment manager	AN
09/05	Echo Energy Exploring Latin American Gold Project Purchase Amid Expanded Strategy	MT

Echo Energy raises GBP250,000 via subscription of new shares

January 30, 2024 at 02:56 am IST

Echo Energy PLC - Latin America-focused exploration company - Raises GBP250,000 via direct subscription of 5.6 million new shares at a price of 0.0045 pence each. Also announces the issue of 363.6 million warrants to the arranger of the subscription, exercisable at a strike price of 0.008 pence and expiring on January 29, 2029. Admission of new shares for trading on AIM is expected on Thursday this week.

Current stock price: 0.0057 pence, down 48%

12-month change: down 94%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Echo Energy plc

North American Income replaces investment manager	09/05	AN
Echo Energy Exploring Latin American Gold Project Purchase Amid Expanded Strategy	09/05	MT
New York pension fund further restricts investments in Exxon, other oil companies	15/02	RE
Nexxen expands partnership; Geiger considers listing	09/02	AN
Echo Energy to Issue Warrants	08/02	MT
Echo Energy Completes Equity Raise	07/02	MT
Echo Energy plc announced that it has received £0.1684 million in funding	07/02	CI
Echo Energy raises GBP250,000 via subscription of new shares	30/01	AN
Echo Energy Obtains GBP500,000 Loan Facility from UK-based Investor	21/12	MT
Echo Energy extends GBP1.0 million loan to 2025, cuts interest	19/12	AN
Echo Energy plc Announces Successful Debt Restructuring	19/12	CI
Echo Energy hires new CEO as director promoted to chair	14/11	AN
Echo Energy Appoints New CEO, Chairman	14/11	MT
Echo Energy plc Announces Executive Changes	14/11	CI
Echo Energy plc Announces Board Changes	14/11	CI
Echo Energy reports pretax losses in double results update	03/23/03	AN
EARNINGS AND TRADING: Clean Invest reports interim loss and no revenue	03/23/03	AN
Echo Energy plc Reports Earnings Results for the Half Year Ended June 30, 2023	29/23/29	CI
Echo Energy plc Reports Earnings Results for the Full Year Ended December 31, 2022	29/23/29	CI
Barryroe hires examiner in bid to avoid liquidation	01/23/01	AN
Atlantic Lithium confident after Ewoyaa study	30/23/30	AN
Echo Energy Shares Slump Amid Delayed FY22 Annual Report Publication	29/23/29	MT
Interoil Closes Purchase of Echo Energy's Participating Interests in Argentina Concessions	28/23/28	MT
Echo Energy seals sale of most of Santa Cruz Sur stake	27/23/27	AN
Echo Energy Completes Partial Sale of Santa Cruz Sur Assets	27/23/27	MT

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Company Profile

Echo Energy plc is a United Kingdom-based full cycle, exploration led, gas focused company with an asset base in Latin America. Its portfolio of operations is located in Argentina and Bolivia. It holds a 5% minority stake in the joint venture in Argentina, which holds Santa Cruz Sur, a collection of five production concessions located in the onshore Austral Basin, southern Argentina. The assets sit to the northeast and southeast of its Tapi Aike exploration block. The license portfolio consists of over 12 producing oil and gas fields with existing infrastructure allowing the delivery of oil and gas to local, domestic and international export markets. Its Huayco and Rio Salado blocks lie in the south of Bolivia within the sub-Andean foothills of the Tarija Basin. The Rio Salado license surrounds the Huayco block and lies in southern Bolivia, over 290 km south of the city of Sucre and 60 km east of Tarija. It is also focused on exploring potential opportunities to secure new assets.

Sector

Oil & Gas Exploration and Production

Calendar

27/09/2024 - Q2 2024 Earnings Release (Projected)

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Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
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