Horizon Oil Limited (ASX: HZN) drills the WZ 6?12 M1 exploration well to the target depth:
- The exploration well in the Beibu Gulf, People’s Republic of China, has been drilled to the target depth of 2025mMD.
- CNOOC Limited, the current operator of the well, is abandoning the well as planned.
- HZN holds 26.95% net working interest in the well, which achieved its objectives of drilling via Oligocene?aged Weizhou T30 to T32 sands.
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