Stuart Petroleum and Beach Petroleum have plugged and abandoned the Galilee well in the Cooper / ...
A well report this morning said the well was plugged and abandoned after encountering sub-commercial quantities of gas in the basal Callamurra formation.
The well, 130km northeast of Moomba, had reached a TD of 2737 metres and was preparing to release the rig.
Both companies were steady on the ASX, with Stuart adding 1c to be trading at 76c.
Interests are Stuart (75%, operator) and Beach (25%).
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