Echo Energy #ECHO – Successful Completion of Debt Restructuring & TVR

Echo Energy, the Latin American focused upstream oil and gas company, is delighted to announce that at the adjourned meeting of the holders of the Company’s Luxembourg listed EUR 20.0m 8.0% secured notes (the “Notes”) held earlier today (the “Noteholder Meeting”) to consider the Company’s proposals for the restructuring of the Notes (the “Proposals”), the […]

Echo Energy #ECHO – New gas contract wins for 2021-2022 significantly above 2020 annual pricing and current spot price

Echo Energy, the Latin American focused upstream oil and gas company, is pleased to provide a commercial update regarding the Company’s gas sales from the producing Santa Cruz Sur assets, onshore Argentina. The Company confirms that, following a successful auction process for industrial clients, it has secured two new gas sales contracts at significant premiums […]

Echo Energy #ECHO – Noteholder Meeting Results – 84% vote in favour

Echo Energy, the Latin American focused upstream oil and gas company, announces the results of the meeting of the holders of the Company’s Luxembourg listed EUR 20.0m 8.0% secured notes (the “Notes”) held earlier today (the “Noteholder Meeting”) to consider the Company’s proposals for the restructuring of the Notes (the “Proposals”). Voting instructions representing EUR […]