EXPLORATION

Melbana misses Tikorangi 

MELBANA Energy's share price has plunged almost as far as its Pukatea-1 well, dropping 20% on the news that it the 3100m deep test failed to intersect the targeted Tikorangi Limestone reservoir. 

Pukatea-1 well fails to intersect Tikorangi Limestone reservoi

Pukatea-1 well fails to intersect Tikorangi Limestone reservoi

Despite encouraging if intermittent hydrocarbon  shows between 2520m-2680m the limestone was not intersected, though Melbana says that a similar interval is present in several of the offsetting wells to...

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