EXPLORATION

"No cigar" says Echelon boss after Booth-1 failure

Perth Basin well to be plugged and abandoned after no hydrocarbons hits

The Booth-1 well failed to intersect any moveable hydrocarbons. Image courtesy of Triangle Energy.

"No cigar" was the reaction of Echelon Resources (ASX: ECH) CEO Andrew Jefferies after the failure of the high-profile Booth-1 exploration well in the North Perth Basin in WA Described as "disappointing"...

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