Source - SMW
Echo Energy has noted the recent share price movement and confirmed that it is in discussions in relation to a potential farm-in by the company into certain onshore oil and gas assets in South America.

It said that by virtue of its size, the proposed transaction would constitute a reverse takeover under AIM Rules and the company's ordinary shares would be suspended from trading pending publication of an admission document and circular to shareholders to approve the proposed transaction or an announcement that it had been terminated.