Technical difficulties caused the well to be plugged and abandoned.
"Although the Operators were not able to establish a commercial flow of hydrocarbons, these findings are believed to confirm the potential of the Behemoth prospect as a prospective regional gas play over which a large lease holding has been secured. Pacrim await news on progress and are of the understanding that Operators, NEG, are currently discussing the project with several other parties."
Still hope on gas, but now a long way off it seems.
PRE Price at posting:
0.0¢ Sentiment: None Disclosure: Held