Well 6508/1-3 encountered about 170 metres of alternating layers of sandstone, claystone and coal in the Åre formation, of which a total of nearly 50 metres of sandstone was of very good reservoir quality. The well was dry. Lynghaug was a 70 mmboe prospect in which Cairn holds 50%.
10 Jul 2019
FLASH: Dry hole in Norway
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FLASH: Dry hole in Norway
Capricorn Energy PLC (CNE:LON) | 165 6.3 2.3% | Mkt Cap: 151.7m
- Published:
10 Jul 2019 -
Author:
Stephane Foucaud -
Pages:
2
Well 6508/1-3 encountered about 170 metres of alternating layers of sandstone, claystone and coal in the Åre formation, of which a total of nearly 50 metres of sandstone was of very good reservoir quality. The well was dry. Lynghaug was a 70 mmboe prospect in which Cairn holds 50%.