Further to the announcement on 26 May 2023 of the sale of a majority interest in the Santa Cruz Sur Assets, Echo confirms that a circular containing detailed information about the Proposed Disposal, the Guarantee, the Option, the Proposed Reorganisation and the Issue of Equity has today been posted today to Shareholders. The Circular will also shortly be published and available from the Company's website at www.echoenergy.com.
Set out at the end of the Circular is a notice convening a general meeting to approve, inter alia, the Proposed Disposal of the Working Interest in Santa Cruz. The General Meeting will held at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London, EC4R 3TT.
Other than where defined, capitalised terms used in this announcement have the meanings given to them in the announcement made on 26 May 2023.