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Argentina: Echo Energy announces operational update 24 Feb 2021 Echo Energy, the Latin American focused upstream oil and gas company, has provided an update on operations at its Santa Cruz Sur assets, onshore Argentina. Investment in facilities to enable increased liquids production Following continued improvements in market conditions the Company has agreed, together with the Santa Cruz Sur partners, to capital expenditure to upgrade and debottleneck the existing liquids pipelines in the Santa Cruz Sur assets to accelerate the return to full oil production and to bring the remaining volumes previously shut in in Q2 2020 back online. The pipeline upgrades will also provide additional capacity for future production enhancement projects that have been identified in the Company s opportunity portfolio at Santa Cruz Sur.

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