Echo Energy announced that it has signed a cooperation agreement with GTL International S.A. (GTLI), a majority owned subsidiary of the Bolivian company UruboCorp focussed on energy production and supply in Bolivia and with interests in both the hydrocarbon and renewables sectors. Pursuant to the Cooperation Agreement the Company and GTLI will collaborate to jointly promote their business development initiatives in Bolivia, including through joint efforts to identify and assess new business development opportunities across the full energy spectrum, in relation to which the parties have granted each other a six month period of exclusivity ("Exclusivity"). The Cooperation Agreement will enable a portfolio of opportunities to be matured in a cost-effective way across the Bolivian energy space. Cooperation between the Company and GTLI on any specific projects identified remains subject to, inter alia, the negotiation and entry of binding agreements and Echo will focus on any opportunities that meet its stringent profitability and positive cashflow criteria. The grant of a period of Exclusivity is the only binding term of the Cooperation Agreement. The Cooperation Agreement has an initial term of 5 years and may be terminated by either party without penalty on providing 6 months' notice.