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Echo Energy agrees to fund upgrades at Santa Cruz assets to boost production | 24 February 2021
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Malcy s Blog - Oil price, PetroTal, Savannah, Echo, Lamprell
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6 January 2021 | 08:54am
StockMarketWire.com - Oil and gas company Echo Energy said it had won a new contract to supply gas from its Santa Cruz Sur assets, onshore Argentina, at a premium of more than a fifth to the prevailing spot price.
This new contract was with a key gas customer for four months until end April 2021, after which the company would supply the customer with approximately 1.4 MMscf/d gross of natural gas.
The gas price under the contract was a flat $2.00 per mmbtu, representing a significant 28% premium to the prevailing local spot price in the fourth quarter of 2020, the company said.
Echo Secures Favourable Argentine Gas Price
Jan 6, 2021 10:15:am
Summary
by: William Powell
Echo Energy has signed a new sales contract for its Santa Cruz Sur assets onshore Argentina, it said January 6. The price is .
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