While the news from Premier was disappointing, with the company taking a decision to plug and abandon the 21/28a-11 well, Afren announced that its partner Eni has started drilling the Nunya-1X exploration well in Ghana.
Premier Oil said the East Fyne Appraisal well, 21/28a-11, will be abandoned after it encountered oil bearing sands with thickness at the lower end of expectations.
The results of the East Fyne Appraisal well will be incorporated into the Greater Fyne Area plans with Premier set to make a decision whether a commercial development is viable in the second quarter of 2012. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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