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Chris Gibson-Robinson, KrisEnergy’s Director Exploration & Production, commented: "Ca Ngu-1 is being plugged and abandoned after encountering gas and oil volumes in the primary objective. Although the Ca Ngu well did not encounter significant volumes of hydrocarbons, it has confirmed the existence of a petroleum system in the area and provides valuable data for us and our partners to analyse before deciding our future exploration strategy within Block 120. We are encouraged by the preliminary results and it is important to reiterate that Block 120 has multiple exploration plays.”