Artemis hunt comes up empty

SHARES in MEO Australia fell by more than 50% to 24c this morning after reporting its much-hyped Artemis-1 well in the Carnarvon Basin has failed to encounter hydrocarbons in the objective reservoirs.

Artemis hunt comes up empty
Artemis hunt comes up empty
Artemis hunt comes up empty
Artemis hunt comes up empty
Artemis hunt comes up empty

The well was drilled to a total depth of 3500m by the Songa Venus semi-submersible rig and preparations are now underway to run final logs before plugging and abandoning the well.

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