Date: Friday 04 May 2012
Niche Group, an oil and gas focused investment company, has reported that two of its part-owned wells in the Hatay region in the Iskenderun Basin, onshore south east Turkey, have encounted gas shows, but neither is likely to prove commercially vaible. Well Ciftlik-1 was tested at three invtervals, but no gas flowed to the surface, indicating reservoir quality sandstones were not developed at this location. Well Kastal-1 encountered 'significant' gas shows, but was suspended for well-control reasons. The firm said it is likely the well will be abandoned.
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No recent information was found.
No recent information was found.
| Currency | UK Pounds |
| Share Price | 2.45p |
| Change Today | 0.000p |
| % Change | 0.00 % |
| 52 Week High | 2.45 |
| 52 Week Low | 2.45 |
| Volume | 0 |
| Shares Issued | 691.55m |
| Market Cap | £16.94m |
| RiskGrade | 47 |
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| No dividends found |
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