Freedom takes a pause from drilling

FREEDOM Oil & Gas’ share price fell 20% after it announced it has abandoned plans to complete drilling operations at its Noroma-1 well in its Eagle Ford acreage in Dimmit County, Texas, following unexpected challenges, and will put a hold on its drilling campaign to assess the market.

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While drilling operations at Noroma-1 were underway, the well was impacted by high pressure frac water that entered the wellbore and impeded the operator's ability to drill the well to its planned