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Echo Energy New gas contract at premium to prevailing spot pricing 7:24 am Echo Energy plc (LON:ECHO), 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 has confirmed that it has secured a new contract at a premium to prevailing spot market rates with a key gas customer for four months until end April 2021 pursuant to which the Company will supply the customer with approximately 1.8 MMscf/d gross (1.3 MMscf/d net to Echo) ...

IN BRIEF: Echo Energy Secures New Gas Contract With "Key Gas Customer" Thu, 17th Dec 2020 14:58 Echo Energy PLC - Latin American-focused upstream oil and gas firm - Secures new gas contract with a "key gas customer" for a period of four months, ending in April 2021. Says it will supply the customer with approximately 1.8 million standard cubic feet per day gross, or 1.3 million standard cubic feet per day net to Echo Energy, of natural gas. Notes the gas price under the contract is a flat USD2.00 per million British Thermal Unit, which represents "a significant 26% premium to the prevailing l...

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The auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today. The applicable percentage is set by reference to a security's Millennium Exchan...

Second Price Monitoring Extension A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes. Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution. The applicable percentage is set by...