Disappointing results for Eon's Powder River Basin well

ASX-listed minnow Eon NRG said late yesterday testing at its Govt Kaehne-1 exploration well had delivered “disappointing” results, dashing hopes of a commercial discovery in primary target the Dakota Sandstone Formation in Wyoming.

Disappointing results for Eon's Powder River Basin well Disappointing results for Eon's Powder River Basin well Disappointing results for Eon's Powder River Basin well Disappointing results for Eon's Powder River Basin well Disappointing results for Eon's Powder River Basin well

 

Eon, which has a market cap of A$3.08 million, had completed wireline logging late last year, which indicated a hydrocarbon bearing reservoir with "economic quantities of producible oil".

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