DRILLING

Another dry hole for Amadeus in Texas

Amadeus Energy has plugged and abandoned its third Texan wildcat well in the Pitchfork Prospect i...

Amadeus was told by operator, Trio Operating Inc, that the Toreador III-501 exploration well was plugged and abandoned after logs showed no presence of hydrocarbons.

The two previous wildcats targeting the Pitchfork Prospect, Toreador I and II, were also plugged and abandoned as dry holes.

The share price of the listed oil and gas producer with interests in control technology and renewable energy is currently trading at 9c.

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