Echo Energy, plc reported production results for the fourth quarter and year ended 31 December 2022. During Fourth Quarter 2022, total 2022 cumulative production from Santa Cruz Sur, net to Echo's 70% interest, reached an aggregate of 532,302 boe (including 101,574 bbls of oil and condensate and 2,584 MMscf of gas). Net liquids production averaged 298 boepd whilst net gas production averaged 7.3 MMscf/d. Net daily production averaged 1,522 boepd during the quarter. The combined Fourth Quarter 2022 oil and gas production levels were the highest quarterly levels achieved in 2022 and reflect the measures undertaken under the Company's Production and Infrastructure Enhancement Plan to improve infrastructure. Liquids production during Fourth Quarter 2022 was the ninth continuous quarter of production growth, and a 12% production increase over First Quarter 2022. Average liquids production over the course of 2022 was 278 bbls per day, 25% higher than that in the previous year.

For the year, the company reported average net daily production in 2022 of 532,302 boe; average net Liquids Production of 101,574 bbls; and aggregate Net Gas Production of 2,584 MMscf.