DRILLING

Swing and a miss for Ambassador and Senex

AMBASSADOR Oil and Gas could be in for an ugly day on the market today after it announced that the Kruger-1 exploration well in the Cooper Basin had been plugged and abandoned after failing to recover hydrocarbons from a key interval.

Senex Energy, as operator on the well, had encountered oil shows over a 7m section in the basal Birkhead/Hutton horizon. However, a drill stem test conducted over the interval failed to bring up any...

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