Shore Capital has this morning been appointed as Joint Broker to Echo Energy Plc (AIM: ECHO)
Appointment of Joint Corporate Broker
Echo Energy, the South and Central American focused upstream gas company, is pleased to announce that it has appointed Shore Capital Stockbrokers Limited ("Shore Capital") to act as Joint Corporate Broker to the Company with immediate effect. Shore Capital will work alongside Smith & Williamson Corporate Finance Limited and Hannam & Partners as the Company's nominated adviser and joint broker respectively.
Echo is a South and Central American focused upstream oil and gas company pursuing a growth strategy launched in April 2017. In January 2018, Echo completed the acquisition, onshore Argentina, of 50 per cent. interests in each of the CGC operated Fracción C, Fracción D and Laguna De Los Capones concessions and in the Tapi Aike exploration permit (the "Argentinian Portfolio") and has since initiated its busy 2018 Argentinian work programme.