true to form .
Gobi-1 exploration well, offshore Natuna Sea, Indonesia has been completed as a dry hole Lundin Petroleum AB (Lundin Petroleum) announces that the exploration drilling of the Gobi prospect in the Gurita PSC, Natuna Sea, Indonesia has been completed. Gobi-1 wildcat exploration well was drilled to a final depth of 2,373 meters below mean sea level (MSL) using the Hakuryu-11 drilling rig. The well was drilled through the Miocene to Oligocene primary and secondary objectives and reached basement as planned. Gobi-1 encountered well developed sandstone reservoir, but no hydrocarbon shows were encountered and the well is being plugged and abandoned as a dry hole. Lundin Petroleum, through its wholly owned subsidiary Lundin Gurita BV, is the operator and has a 90 percent working interest in the Gurita PSC. Nido Petroleum Limited is a partner with 10 percent working interest.
NDO Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
