Vintage Energy abandons oil exploration well after failing to encounter hydrocarbons
SYDNEY, AUSTRALIA: Vintage Energy Ltd (ASX: VEN) notified that Cervantes-1, an oil exploration well in the onshore Perth Basin licence L14 is to be plugged and abandoned after reaching Total Depth overnight and failing to encounter hydrocarbons. Stratigraphic correlation during drilling proved more difficult than anticipated, however intersection of the Holmwood Shale overnight confirmed the…