12:17 AM, July 5 2017
Echo Energy Plc. had lost over5% on the bourses, post the company provided first the first of its quarterly portfolio updates, including an update on its growing Bolivian interests following the announcement dated 21 June 2017. The company confirmed that the initial technical work to further mature the exploration prospect in Huayco has commenced and tendering for the 3D re-processing is underway. The company is also in advanced discussions with various parties in relation to other opportunities in Bolivia and further announcements will be made in due course. The company is also in discussion with various candidates regarding the regional MD role, which will lead a dynamic regional team.
The company’s CEO, Mr. Fiona MacAulay commented, “I am pleased to initiate the first of our routine quarterly portfolio updates, which highlights our strong positioning in Bolivia and beyond. I remain hugely excited by our ambitious regional growth strategy and look forward to updating shareholders on further progress in the near term”