Echo Energy announced a reserve base of 3.8 mn barrels of oil equivalent

Echo Energy PLC has told investors it is looking positively to advance value creation opportunities, as it remains “well-positioned”. In its financial results statement for the twelve months ended December 31, 2019, the company confirmed a stronger end to the year, with net production averaging 2,505 barrels oil equivalent per day in the months of November and December. A review of reserves at the end of 2019 confirmed a reserve base of 3.8mln barrels oil equivalent.

Source: Proactive Investors